Absolute Software appoints Errol Olsen as interim CEO, and names Daniel Ryan as Chairman

– CANADA, BC – Absolute® Software Corporation (TSX: ABT), the industry standard for persistent endpoint security and management solutions for computers, laptops, tablets and smartphones, today announced that John Livingston has tendered his resignation as Chief Executive Officer and as a member of the Board of Directors effective today. Errol Olsen, Chief Financial Officer, will serve as interim CEO while the Board conducts a search for a new CEO and Mr. Daniel Ryan will serve as Chairman of the Board.

“We are tremendously thankful for John’s contributions over the past 20 years that have seen Absolute evolve into a global leader in endpoint security and management,” said Mr. Ryan. “The company remains committed to our strategic focus on accelerating sales growth and expanding into new markets. We believe we have the right product mix to address the security challenges faced by organizations today as they adopt mobility at an increasing rate.”

“It has been a privilege to lead Absolute from a small Vancouver operation to the global enterprise software company that it has become today,” stated Mr. Livingston. “As we enter our 20th year and Absolute moves to the next phase of growth, the time is right for a new perspective and new leadership.”

Mr. Ryan has served as a director since July 2011. He is a seasoned executive with over 25 years experience in the technology sector focused on business development, sales, marketing and product strategy. Since 2011 Dan has been CEO of RedBrick Health, a health engagement company, where he is responsible for driving the organization’s overall strategy and growth. Prior to RedBrick, he was president and CEO at Secure Computing, a $250M leader in enterprise security solutions, which was acquired by McAfee where Dan served as EVP and General Manager of their $500M Network Security Business Unit.

About Absolute Software

Absolute Software Corporation (TSX: ABT) is the industry standard in persistent endpoint security and management for computers, laptops, tablets and smartphones. The Company, a leader in device security and management tracking for 20 years, has over 30,000 commercial customers worldwide. 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. Absolute is positioned on two Gartner, Inc. Magic Quadrants – the Magic Quadrant for Client Management Tools and the Magic Quadrant for Mobile Device Management Software. Absolute is one of only four vendors to be recognized on both Magic Quadrants based on providing customers with the ability to secure and manage many different types of devices using a single solution. Absolute persistence technology is embedded in the firmware of computers, netbooks, tablets and smartphones 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.

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