Absolute Software Corporation (“Absolute” or the “Company”), the leading provider of firmware-embedded, persistent endpoint security and management solutions, announced the addition of Eric Rosenfeld and Gregory Monahan to the management proposed slate of nominee directors for the Company’s forthcoming annual general meeting of shareholders to be held on December 13, 2012.

“I am pleased to welcome both Eric and Gregory to the proposed slate of nominee directors,” said John Livingston, Chairman and Chief Executive Officer. “They both bring proven financial expertise and business acumen, which will help enhance shareholder value.”

“We are enthusiastic about the opportunity with Absolute and the potential to work with both the Board and the management team,” stated Eric Rosenfeld, President and CEO of Crescendo Partners. “We believe there is a strong market opportunity for the Company and we look forward to working with the team to develop and execute business strategies to capitalize on that opportunity to increase shareholder value.”

Mr. Rosenfeld has been the President and Chief Executive Officer of Crescendo Partners, a New York based investment firm, since its formation in November 1998. Following discussions with Crescendo Partners, the Company reached an agreement whereby, among other things, the proposed slate of nominee directors for election at the upcoming annual meeting of shareholders will consist of John Livingston, J. Ian Giffen, Terry Libin, Ian Reid, Daniel P. Ryan, Eric Rosenfeld and Gregory Monahan. In addition, the newly constituted board and Crescendo will work together to identify an additional person with appropriate industry experience to join the Board of Directors as soon as practicable.