SOURCE: Wave Systems Corp.

Wave Systems Corp.

September 13, 2012 08:33 ET

Wave Named a Visionary in Leading Analyst Firm's Mobile Data Protection Magic Quadrant

LEE, MA--(Marketwire - Sep 13, 2012) - Wave Systems Corp. (NASDAQ: WAVX) announced today that it has been named a Visionary by Gartner Inc. in its 2012 Magic Quadrant for Mobile Data Protection (MDP), published by John Girard and Eric Ouelett on September 6, 2012. Companies in the Visionary quadrant are positioned for completeness of vision and ability to execute.

"We are honored to be named a Visionary in this highly competitive evaluation," said Steven Sprague, CEO for Wave. "We believe Gartner's findings in this report further affirm our plans to broaden our product capabilities through the addition of Safend, while strengthening our position as the primary provider of trusted computing solutions in the market today."

Wave provides centralized remote management and secure audit logs for hardware encryption, with the most Opal self-encrypting drives (SEDs) under management today, along with software solutions such as Microsoft BitLocker.Wave's extended portfolio, which now includes Safend's Data Loss Prevention (DLP) suite, empowers organizations to:

  • Defend Data. Whether protecting data-in-motion, securing endpoint data or managing full disk encryption across an enterprise, Wave's portfolio gives enterprises the upper hand. Wave's EMBASSY Remote Administration Server (ERAS) is a single console for managing self-encrypting drives (SEDs), which are similar to standard hard drives, except that with SEDs, encryption is embedded into the core processor chip. This makes them impervious to software attacks, while greatly outperforming software encryption solutions. Wave enables drive initialization, user management, drive locking, user recovery and crypto erase for all Opal-based, proprietary and solid-state SEDs. Wave also provides the automated, turn-key management of Microsoft native encryption on Win7 platforms; software encryption with Safend Encryptor and removable media encryption for encrypting data-in-motion on removable storage devices.

  • Deter Unauthorized Users, Devices and Malware. With the lion's share of corporate data residing on network endpoints, Safend Protector and Inspector can prevent data leakage through physical ports, wireless interfaces or removable media; restrict devices by type, model or serial number; inspect, classify and block data leakage via email and control the transfer of files.

  • Detect Emerging Threats. Ensure that only trusted devices are given access to networks and services with ERAS by activating and managing the Trusted Platform Module (TPM) security chips on your PCs. With Wave Endpoint Monitor, enterprises can spot Advanced Persistent Threats by detecting unauthorized changes to the pre-boot environment as systems power on.

About Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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 Harbor 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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