BRITISH COLUMBIA ABSOLUTE SOFTWARE ANNOUNCES MILESTONE OF 500,000 UNITS UNDER SUBSCRIPTION FOR IT'S COMPUTER THEFT RECOVERY AND SECURE ASSET TRACKING SOLUTIONT-Net: NewsAbsolute Software Exceeds 500,000 Paid Subscribers for its Computrace Solutions

http://www.absolute.com

Vancouver, BC, October 17, 2005--(T-Net)--Absolute Software announces that as of September 30, 2005, it has surpassed a milestone of 500,000 units under subscription for its Computer Theft Recovery and Secure Asset Tracking solutions.

"We are pleased to be making such positive progress toward our primary objective of one million users by June 30, 2007," said John Livingston, Chairman and CEO of Absolute. "Our recent success is driven by a number of factors, namely our BIOS, or "Embedded", strategy, our sales achievements in the education vertical, our agreement with LoJack to market to the consumer vertical and our patent portfolio, which supports our strong competitive position."

"We've identified the Embedded strategy as one of our foremost growth drivers. To date we have signed up HP, Lenovo and Gateway as partners and we continue to work with other computer manufacturers to adopt our BIOS initiative."

Deloitte Fast 50

Absolute is also pleased to announce that it has been recognized as a 2005 Canadian Technology Fast 50 company, an annual ranking by Deloitte of the 50 fastest growing companies in Canada based on the percentage of growth from 2000-2004. This marks the third consecutive year Absolute has made the Fast 50 list.

"Making this list is a testament to the hard work our team has put forward over the past several years in establishing secure asset tracking and computer theft recovery as a new product category for computer security," added Mr. Livingston. "Our current objective is to more than double our number of subscribers in less than two years, and we believe that we have the right people, product suite, operational platform and distribution partners to achieve that goal and remain one of Canada's fastest growing companies."

About Computrace

Absolute's Computrace technology powers its Guaranteed Computer Theft Recovery and Secure Asset Tracking services. When a Computrace-enabled computer is connected to the Internet (over IP or PSTN), the Computrace software sends a silent signal to Absolute's Monitoring Center server providing its IP address or phone number to identify its physical location. For network managers, the ability to know the physical location of all computer assets at any given time is imperative. If a computer is stolen, from an enterprise or an individual, Computrace has the ability to both track down its physical location for recovery and delete sensitive data- the effectiveness of which is significantly enhanced when the Computrace software is embedded in the BIOS.

About Absolute

Absolute(R) Software (TSX VEN: ABT) is the leader in Computer Theft Recovery and Secure Asset Tracking(TM) with over 500,000 units under subscription. Absolute's uniquely patented Computrace(R) technology is optimized for remote and mobile users. Absolute Software provides organizations with simple and cost effective solutions to help track their computing assets, deter computer loss, and reduce incurred liability costs. Absolute Software has a history of delivering first-to-market technology innovations along with a recovery guarantee making it one of the most reliable asset tracking and recovery solutions in the market today. The company also has partnerships with global leaders, including, DELL, Lenovo, HP, Toshiba, Gateway, Phoenix Technologies, and Apple. For more information about Absolute Software and Computrace, visit www.absolute.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement 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.

(C)2005 Absolute Software Corporation. All rights reserved. Computrace and Absolute are registered trademarks of Absolute Software Corporation. All other trademarks are property of their respective owners. Computrace US patents No. 5,715,174, No. 5,764,892, No. 5,802,280, No. 6,244,758, No. 6,269,392, No. 6,300,863, and No. 6,507,914. Canadian patent No. 2,305,370. U.K patents No. EP793823, and No. GB2338101. German patent No. 695 125 34.6-08. Australian patent No. 699045.

The TSX Venture Exchange has neither approved nor disapproved of the information contained in this news release.

For further information

Investor Relations: Dave Mason, CFA, The Equicom Group, dmason@equicomgroup.com or (416) 815-0700 x237