Absolute joins McAfee Security Innovation Alliance; plans to integrate Computrace with McAfee ePolicy Orchestrator

Vancouver, Canada: January 29, 2008 - Absolute^® Software Corporation ("Absolute" or the "Company") (TSX: ABT), the leading provider of firmware-based, patented, Computer Theft Recovery, Data Protection and Secure Asset Tracking^TM solutions announced today that it has joined as a founding member of the McAfee^® Security Innovation Alliance". As part of the program, Absolute will integrate its industry standard theft recovery, remote data delete and IT asset management solution Computrace with McAfee ePolicy Orchestrator^® (ePO^TM) to help deliver a complete security and compliance risk management solution for joint customers.

"Absolute is excited to be part of McAfee's Security Innovation Alliance program," said John Livingston, Chairman and CEO of Absolute Software. "McAfee is taking a real leadership role in providing enterprise customers with integrated security and management capabilities. Integrating our products with the McAfee ePO management console provides customers with both secure and manageable solutions."

McAfee ePolicy Orchestrator is an ideal platform for supporting a layered approach to computer security. ePO allows organizations to centrally-manage multiple security and compliance products from a number of best of breed vendors. For example, joint McAfee and Absolute customers can use ePO for visibility into their corporate antivirus solution and encryption software as well as Absolute's theft recovery, remote data delete and IT asset management products - from the same user interface.

Absolute a founding member of the McAfee Security Innovation Alliance. Membership in the Alliance also offers Absolute the opportunity to network with McAfee and other Alliance members to develop, test and market interoperable solutions for security and compliance risk management.

"Absolute Software is a key addition to the McAfee Security Innovation Alliance," said Joe Gottlieb, vice president of corporate strategy and technology alliances, McAfee. "Computrace provides three essential components of a layered data security strategy: remote data delete capability, the ability to physically recover stolen laptops and IT asset management designed specifically to track laptops that are in the field. Using McAfee ePolicy Orchestrator, our joint customers can easily couple these capabilities with best-of-breed encryption solutions to provide the highest degree of data breach protection."

How Computrace Solutions Work

The Computrace^® Software Agent that powers Absolute Software's solutions is embedded in the BIOS of computers from the world's leading computer manufactures.¹ It can be activated by customers when they purchase a subscription with terms ranging from one to four years.

When a computer equipped with Computrace is reported stolen, Computrace sends a silent signal over the Internet to Absolute's Monitoring Center, providing critical location information. Absolute then works with local law enforcement to help recover the computer. Embedded in the firmware of a computer, the stealthy Computrace Agent is capable of surviving operating system re-installations, as well as hard-drive reformats, replacements and re-imaging.

¹ For a complete list of BIOS-supported computers visit www.absolute.com/BIOS.

Forward-Looking Statements

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