| [April 08, 2008] |
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Wave Partners with SafeNet to Expand Enterprise Security Offerings for Data-at-Rest
LEE, Mass. --(Business Wire)-- Wave Systems Corp. (NASDAQ:WAVX) today announced it has completed a reseller agreement with SafeNet, Inc., a global leader in information security. Wave is now authorized to globally market and distribute SafeNet's ProtectDrive line of software disk encryption products. Wave may also advise clients on the uses of SafeNet's products in conjunction with its own software to enable both software- and hardware-based data protection throughout the enterprise.
"SafeNet is pleased to be partnering with Wave Systems on its ProtectDrive solution," said Chris Holland, vice president of product management, SafeNet. "Wave's focus on the broad market need for secure data protection, strong authentication and network security will enable companies of all sizes to benefit from our combined solutions. This market offering will allow businesses to address all their data protection needs across the enterprise under one management console provided by Wave."
Wave's EMBASSY client and server software leverages the security features of the Trusted Platform Module (TPM), an open standards security chip that serves as a tamper-resistant storage vault for user credentials. By leveraging Wave's software in conjunction with the TPM, enterprises can immediately roll out strong authentication, including machine, biometric and smart card authentication, as well as instituting stronger network policies, key management and data protection. In addition, Wave provides management capabilities for fully encrypting hard drives to enable password setup and recovery, pre-boot authentication, remote deployment and lifecycle management. Wave's automated compliance auditing features also allows an IT department to quickly verify that all data on a lost or stolen laptop was stored safely on the drive by using Wave's enterprise server class software.
"SafeNet's expertise in developing enterprise-class IT security and encryption technology makes them an ideal partner for us as we continue to expand our offerings to meet enterprise data protection needs," said Brian Berger, executive vice president, marketing and sales, Wave Systems Corp. "We look forward to offering customers the ability to manage SafeNet's ProtectDrive products, as well as trusted hardware security, using Wave's EMBASSY solutions."
About SafeNet, Inc.
SafeNet is a global leader in information security. Founded 25 years ago, the company provides complete security utilizing its encryption technologies to protect communications, intellectual property and digital identities, and offers a full spectrum of products including hardware, software, and chips. UBS, Nokia, Fujitsu, Hitachi , Bank of America, Adobe, Cisco Systems, Microsoft, Samsung , Texas Instruments, the U.S. Departments of Defense and Homeland Security, the U.S. Internal Revenue Service and scores of other customers entrust their security needs to SafeNet. In 2007, SafeNet was acquired by Vector Capital, a $2 billion private equity firm specializing in the technology sector. For more information, visit www.safenet-inc.com.
About Wave Systems Corp.
Wave provides software to help solve critical enterprise PC security challenges such as strong authentication, data protection, network access control and the management of these enterprise functions. Wave is a pioneer in hardware-based PC security and a founding member of the Trusted Computing Group (TCG), a consortium of nearly 140 PC industry leaders that forged open standards for hardware security. Wave's EMBASSY(R) line of client- and server-side software leverages and manages the security functions of the TCG's industry standard hardware security chip, the Trusted Platform Module (TPM). TPMs are included on tens of millions of PCs and are standard equipment on many enterprise-class PCs shipping today. Using TPMs and Wave software, enterprises can substantially and cost-effectively strengthen their current security solutions. For more information about Wave and its solutions, visit http://www.wave.com.
Safe Harbor for Forward Looking Statements
Except for the statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to fund operations, the ability to forge partnerships required for deployment, changes in consumer and corporate buying habits, chip development and production, the rapid pace of change in the technology industry and other factors over which Wave Systems Corp. has little or no control. Wave Systems assumes no obligation to publicly update or revise any forward-looking statements.
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