SOURCE: Wave Systems Corp.

Wave Systems Corp.

July 01, 2013 10:18 ET

Wave Completes 100,000 Seat Trusted Computing Deployment With BASF

World-Class Achievement for Both Companies

LEE, MA--(Marketwired - Jul 1, 2013) -  Wave Systems Corp. (NASDAQ: WAVX), the Trusted Computing Company, announced that it has completed the installation of its software on BASF's fleet of more than 100,000 PCs and laptops.

"Ensuring that sensitive data is always safe -- even if a device is lost or stolen -- is one of the foremost priorities for BASF," stated Joseph Souren, General Manager EMEA & Vice President Wave. "Thanks to a strong partnership with the BASF's IT Governance and Information Services groups, Wave and BASF were able to complete the deployment of a fully-managed, hardware-based encryption solution across a hundred thousand endpoints in record time. It was truly a 'world-class' achievement and one built on mutual trust and commitment."

BASF, headquartered in Ludwigshafen, Germany, is the world's leading chemical company. Its portfolio ranges from chemicals, plastics, performance products, and agricultural products to oil and gas. BASF partners with its customers to create chemistry for virtually all industries.

To protect sensitive data, BASF elected self-encrypting drives (SEDs) as opposed to software encryption, as part of the standard configuration for all of BASF's laptops. Built in accordance with the Opal specification published by the Trusted Computing Group, SEDs are among the most secure, best performing and most transparent encryption options available. Available in solid state or traditional rotating disk form, they are available from all the leading storage providers and PC OEMs.

The original order with BASF was initiated in 2011, involving tens of thousands of licenses for Wave's flagship EMBASSY® Remote Administration Server. With the completion of this installation, BASF has extended its license with Wave until 2015. Wave enables IT to activate each SED in seconds (as opposed to up to several hours per device with software-based encryption), set security policies and provide detailed event logs to prove data was encrypted if a laptop goes missing.

"BASF is the pre-eminent name in the global chemical industry and truly one of the world's top brands," said Steven Sprague, CEO & President. "We've enjoyed a strong working relationship with BASF as they've completed this significant installation of more than 100,000 self-encrypting drives on every BASF laptop -- all of them managed by Wave. This collaboration is yet another example of Wave's ability to bring our world-class solutions to customers of every size, across a variety of industries."

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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