The Austin Chamber, through Opportunity Austin, is pleased to announce that Absolute® Software Corporation has opened its new U.S. headquarters in Austin, Texas. Absolute Software is the leading provider of firmware-based, patented, computer theft recovery, data protection and secure IT asset management solutions and their new office is home to the U.S.-based sales team and consumer business.

“This is a nationally recognized technology with great potential for expansion,” said Dave Porter, Senior VP of Economic Development for the Austin Chamber. “We are excited that they have chosen Austin for their headquarters.”

The company is best known as the creator of the computer theft recovery market and is the maker of the popular Computrace® and Computrace® LoJack® for Laptops product lines. Local clients include the Austin Independent School District which protects more than 8,000 school computers with Computrace. The school district recently worked with the Absolute Theft Recovery Team to successfully recover stolen district property.

"Austin is known for its well-educated, talented professionals with expertise in technology and business," said John Livingston, Chairman and CEO of Absolute. "The city is home to the University of Texas and the caliber of people coupled with the area's reputation as a great place to live and work makes it an ideal location for our U.S. headquarters. We are happy to be working with Austin's talented professionals and supporting the local community."

To mark the occasion of the new office opening, Absolute will be hosting a ribbon cutting ceremony and open house on July 16. More information about the open house can be found at www.absolute.com/landing/austin-open-house. The Company will be hiring for positions based in Austin in the future. Interested candidates can apply at www.absolute.com/company/careers .

About Opportunity Austin
Opportunity Austin is the Austin Chamber of Commerce’s five-year economic development initiative to foster sustainable growth through the creation of new jobs and increased payroll in the Central Texas region.

About Absolute Software
Absolute Software Corporation (TSX: ABT) is the leader in computer theft recovery, data protection and Secure Asset Tracking® solutions. Absolute Software provides organizations and consumers with solutions in the areas of regulatory compliance, data protection and theft recovery. Absolute is headquartered in Vancouver, Canada with offices in the U.S., U.K. and Western Europe and partner sales offices in Australia, Latin America, the Caribbean and South Africa. For more information visit www.absolute.com and http://blog.absolute.com.

Absolute Software Contacts:
PR: Leslie Campisi, Affect Strategies, leslie@affectstrategies.com or 212.398.9680 x144 Investor Relations: Dave Mason, CFA, The Equicom Group, dmason@equicomgroup.com or 416.815.0700 x237.