Yes, the software will recover the data, but as long as it's on the SD card. The internal storage is not available for recovery because it's on a different format. To initiate a recovery procedure, connect the phone and enable MTP mode. This will assign a drive letter in the My Computer, therefore the software will have access to.
For additional information, use the following website: http://www.lionsea.com/product_androiddatarecoverypro.php
Make file transfers with faster speed and error detection.
This utility allows you to unlock, delete, rename or move locked files.
Very good data recovery tool for Windows.