SOURCE: Wave Systems Corp.

Wave Systems Corp.

September 25, 2013 08:30 ET

Gartner Names Wave a "Visionary" in the 2013 Mobile Data Protection Magic Quadrant

Gartner Findings Position Wave as a Visionary for the Second Year in a Row

LEE, MA--(Marketwired - Sep 25, 2013) - Wave Systems Corp. (NASDAQ: WAVX), the Trusted Computing Company, announced today that it has been named a Visionary by Gartner Inc. in its September 2013 Magic Quadrant for Mobile Data Protection (MDP), published by John Girard and Eric Ouelett. Companies in the Magic Quadrant are positioned for completeness of vision and ability to execute.

"To once again be recognized in Gartner's Magic Quadrant as a visionary is a huge honor," said Steven Sprague, CEO for Wave. "We consider Gartner's findings as highly credible proof that Wave has been able to and will continue to lead not only in the mobile data protection space, but also in other areas as customers look to protect their sensitive data. Wave-managed hardware encryption makes users' devices 'safe to lose' since network administrators can access detailed event logs to prove sensitive data was protected should a device become lost or stolen."

In the mobile data protection (MDP) market, Gartner tracks software security utilities that enforce confidentiality policies by encrypting data, and then managing access to that encrypted data on the primary and secondary storage systems of end-user devices. The market primarily serves laptops, although the technologies and use cases originated in the desktop workstation area. In the evaluations, Gartner assesses the inclusion of compatibility features such as support for the Trusted Platform Module (TPM), self-encrypting drives (SEDs) based on the Trusted Computing Group Opal standards and OS embedded encryption such as Windows BitLocker and Mac FileVault.

Unlike other ISVs, Wave's leverages the security capabilities built directly into endpoint computing platforms themselves, instead of adding layers of software for security that can be more vulnerable to attack. Wave's comprehensive portfolio of trusted computing solutions for managing data protection, authentication and malware detection enable enterprises and SMBs to:

  • 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.
  • Safely and securely encrypt files uploaded to cloud storage services like Dropbox™ or Microsoft SkyDrive™.
  • 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 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.

Safe Harbour for Forward-Looking Statements
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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