SOURCE: Wave Systems Corp.

Wave Systems Corp.

July 17, 2013 08:29 ET

Axiad IDS Integrates Wave Data Protection Into Its Identity Solutions to Bring Increased Value to Customers

Wave's Trusted Computing Solutions Now Available Through Axiad's Channel Partners

LEE, MA--(Marketwired - Jul 17, 2013) - Wave Systems Corp. (NASDAQ: WAVX), the Trusted Computing Company, today announced a strategic distribution agreement with Axiad IDS, a market solution provider and value-added distributor for industry-leading suppliers of identity and access management (IAM) and authentication solutions. The partnership will offer Wave's security solutions on a resale basis through Axiad's channel partners.

"We see Wave as a critical component of Axiad IDS solution offering," said Sam Lellouche, VP, Identity and Access Management Solutions at Axiad IDS. "Through Wave's innovative trusted computing solutions, customers can now utilize a robust system that offers unprecedented yet straightforward control over exactly who has access to their data, with which devices, and over which networks.

Integrating Wave into its offerings allows Axiad IDS to offer end-to-end solutions to secure data and access to company resources. Customers will get boot protection, data encryption, email security, secure access to computers, networks and applications, either locally, through a VPN or in the cloud -- even physical access to buildings. All of this is controlled with a single credential such as a PIV-C smart card.

Recently, the presence of cyber threats has been increasing with the proliferation of Advanced Persistent Threats (APTs), DDoS and other attacks. Most security solutions on the market today rely on proprietary software vulnerable to attack; Wave, by contrast, enables security that's built into the device, not added on, giving enterprises the ability to know their devices, data and applications.

"Wave partnered with Axiad IDS because of its strong reputation in identity management and more than 80 years' experience in the market," said Steven Sprague, CEO of Wave Systems. "Customers are demanding more complete security solutions and our partnership Axiad IDS will enable Wave to pursue opportunities in this market."

With Wave's industry-leading solutions that take advantage of hardware-based security, Axiad customers can:

  • Ensure their devices are safe to lose. Data is always protected with hardware-based encryption managed by Wave. Wave Cloud is the only Cloud service on the market for managing self-encrypting drives and Wave for BitLocker Management enables the fast deployment of BitLocker™, the native encryption feature from Microsoft.
  • Eliminate passwords. Ensure seamless, second-factor authentication with Wave to enable virtual smartcards and to protect credentials while using Microsoft DirectAccess.
  • Ensure that only known devices are allowed on known networks. Establish persistent device identity that can't be spoofed and gain increased visibility into endpoint health before the operating system loads with Wave Endpoint Monitor.

About Axiad IDS
Founded by Yves Audebert and Bassam Al-Khalidi, Axiad IDS (IDentity Solutions) is a Market Solution Provider and Value-Added Distributor focused on Identity and Access Management for corporate, government and healthcare organizations. Leveraging its extensive experience in authentication, networking technologies and large-scale Digital Identities deployments such as HSPD-12 PIV and DoD CAC, Axiad IDS allows organizations to control and protect their data, resources and assets. Relying on leading technology vendors, Axiad IDS provides, deploys, supports and manages full-scope Identity and Data Protection solutions that brings quantifiable business benefits to its customers. Axiad IDS delivers its products and services through its channel partners.

About Wave Systems
Wave Systems Corp. (NASDAQ: WAVX) reduces the complexity, cost and uncertainty of data protection by starting inside the device. Unlike other vendors who try to secure information by adding layers of software for security, Wave leverages the security capabilities built directly into endpoint computing platforms themselves. Wave has been a foremost expert on this growing trend, leading the way with first-to-market solutions and helping shape standards through its work as a board member for the Trusted Computing Group.

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This press release may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Wave assumes no duty to and does not undertake to update forward-looking statements.

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