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Press release from CNW Group

Absolute Software Helps Recover 28,000th Stolen Computer

Tuesday, March 26, 2013

Absolute Software Helps Recover 28,000th Stolen Computer07:00 EDT Tuesday, March 26, 2013From Arizona to Nigeria to Chile, Absolute Software Helps Law Enforcement Bring Criminals to Justice Around the GlobeVANCOUVER, March 26, 2013 /CNW/ - Absolute® Software Corporation ("Absolute" or the "Company") (TSX: ABT), the industry standard for persistent endpoint security and management solutions for computers, laptops and ultra-portable devices today announced the Absolute Investigations and Recovery Services helped recover the 28,000th stolen computer. Illustrating the value of its Computrace® persistence technology and LoJack® for Laptops products, Absolute Software has released a list of some of the top recoveries over the past year."The Investigations and Recovery Services team works closely with police to recover stolen devices. But often the most important impact is the forensic evidence and other critical information we collect, which helps law enforcement lay charges and put criminals behind bars," states John Livingston, Chairman and CEO at Absolute Software. "Over 450 laptops are recovered every month leveraging our powerful technologies, our team of forensic specialists and former police officers, and our relationship with over 6,755 police agencies worldwide. As a testament to both the expertise of our Investigations team and forensic tools, we recently accomplished another milestone, helping to recover our 28,000th stolen computer."Inside JobA laptop protected with Computrace was stolen from an office building in Bradford County, Pennsylvania. The Absolute Investigations team identified two different suspects using the stolen computer and passed over the details to local police. The police obtained and executed a search warrant, recovering the laptop from a woman who had bought the stolen laptop from a man in a local mall parking lot. Thanks to the Absolute Investigations team, police were able to identify the thief; he worked as a janitor at the office building where the laptop was stolen. Police arrested the suspect and the case is now closed.Violence in NigeriaIn Lagos, Nigeria, a family was awoken in the middle of the night by six armed men who had broken into their apartment. After attacking the family, the assailants stole a significant amount of property, including a laptop that was protected with LoJack for Laptops. With the help of the Absolute Investigations team, local investigators recovered the laptop and were able to make an arrest. Today, criminal charges are pending against one of the violent offenders.Major Recovery - Like Music to Our EarsLos Angeles is one of the top locations people come to kick-start their careers in the music business. It's also where some criminals see opportunity for theft. Earlier this year, ten laptops, protected with Computrace, and production equipment belonging to a music production company was stolen from a vehicle in Los Angeles. The Absolute Investigations team worked closely with local police to recover nine of the laptops found in various locations throughout the city including seven different residences. Several of the laptops had been purchased through Craigslist and a local pawn shop.Laptop Recovery Uncovers $70,000 of Stolen GoodsIn Arizona, a corporate laptop was stolen in a residential burglary. Using Computrace and Absolute's computer forensic tools, the laptop was tracked to an apartment building where local police not only recovered the laptop but approximately $70,000 worth of stolen goods from two different residences. The stolen goods included jewelry, collector coins, personal identification such as social security numbers, and electronics. As a result of this recovery six additional burglaries were solved in three different cities in Arizona.Seven Laptops Recovered in ChileAfter experiencing a wave of stolen laptops throughout Santiago, Chile, the local police department sought to take dramatic measures to not only aid citizens, but prevent future thefts by finding and prosecuting the offenders. Working with the Absolute Investigations team, the Chilean Investigations Police launched "Operation LoJack" in an effort to recover the stolen laptops. After identifying many of the locations where the stolen laptops were used or stored in Santiago, search warrants were obtained and executed at eight addresses throughout the city. The operation was a huge success, with seven laptops recovered using data provided from the Absolute Investigations team.Office Burglar Locked UpAn office burglar was on the prowl in Philadelphia, stealing more than 30 computers over several months from various offices - including 10 laptops protected with Computrace. Thanks to the Absolute Investigations team and persistence technology, police were able to identify the location of one of the laptops to a local computer store. After obtaining and executing a search warrant, police recovered all 10 of the laptops protected with Computrace, as well as three other stolen computers. Following this recovery, police were able to arrest the burglar.Globetrotting Laptop After returning from a weekend away, a George Mason University student found his laptop had been stolen from his apartment. Luckily when the student purchased the laptop he had installed and activated LoJack for Laptops on the device. The student reported the laptop stolen to Absolute Software and local police. Using Absolute's computer forensic tools, the laptop was tracked on the other side of the world in Ulaanbaatar, Mongolia. After the device was remotely frozen by the Absolute Investigations team, local police recovered it from a residence. The user had purchased the laptop from a second-hand dealer. The laptop was shipped safely back to the thankful student.About Absolute SoftwareAbsolute Software Corporation (TSX: ABT) is the industry standard in persistent endpoint security and management for computers, laptops and ultra-portable devices. The Company, a leader in device security and management tracking for more than 18 years, has over 30,000 commercial customers worldwide. Positioned as a Visionary vendor in Gartner, Inc.'s Magic Quadrant for Client Management Tools, Absolute's solutions - Computrace, Absolute Manage, Absolute Service, Absolute Secure Drive, and Computrace LoJack for Laptops - provide organizations with actionable intelligence to prove compliance, securely manage BYOD, and deliver comprehensive visibility and control over all of their devices and data. The Company's Computrace persistence technology is embedded in the firmware of computers, netbooks, and tablets by global leaders, including Acer, ASUS, Dell, Fujitsu, HP, Lenovo, Motion, Panasonic, Samsung, and Toshiba, and the Company has reselling partnerships with these OEMs and others, including Apple. For more information about Absolute Software, visit www.absolute.com.This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, the expected performance, functionality and availability of our services and products, and other expectations, intentions and plans contained in this press release that are not historical fact. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and general market conditions. In light of the many risks and uncertainties you should understand that we cannot assure you that the forward-looking statements contained in this press release will be realized.©2013 Absolute Software Corporation. All rights reserved. Computrace and Absolute are registered trademarks of Absolute Software Corporation. LoJack is a registered trademark of LoJack Corporation, used under license by Absolute Software Corporation. LoJack Corporation is not responsible for any content herein. U.S. patents No. 5,715,174, No. 5,764,892, No. 5,802,280, No. 5,896,497, No. 6,087,937, No. 6,244,758, No. 6,269,392, No. 6,300,863, No. 6,507,914, No. 7,818,557, No. 7,818,803, No. 7,945,709, No. 8,062,380, No. 8,234,359, No. 8,241,369, No. 8,307,055, No. 8,332,953 and No. 8,346,234. Canadian patents No. 2,211,735, No. 2,284,806, and No. 2,205,370. U.K. patents No. EP0793823, No. GB2298302, and No. GB2338101. German patent No. 69512534. Australian patent No. 699045. Japanese patent No. JP4067035. The Toronto Stock Exchange has neither approved nor disapproved of the information contained in this news release.SOURCE: Absolute Software CorporationFor further information: Public Relations: Andrea Holland, HORN Group andrea.holland@horngroup.com or 415-905-4009 or Marina Guy, Absolute Software mguy@absolute.com or 604.730.9851 x107 Investor Relations: Kristen Dickson, MSc, TMX|Equicom kdickson@equicomgroup.com or 416.815.0700 x273 or Dave Mason, CFA, TMX|Equicom dmason@equicomgroup.com or 416.815.0700 x237