SOURCE: Wave Systems Corp.

Wave Systems Corp.

April 02, 2012 08:29 ET

Wave Partners With Vigil Software to Further Channel Expansion in Europe

LONDON--(Marketwire - Apr 2, 2012) - Wave Systems Corp. (NASDAQ: WAVX) ( announced today that it has partnered with Vigil Software Ltd., an award-winning IT security distributor based in the United Kingdom (UK). The agreement marks the latest step in Wave's strategic channel expansion targeting enterprise customers in Europe, Middle East and Africa (EMEA).

A previous distribution partner for Safend -- now part of Wave -- Vigil extended its agreement in order to build a strong channel programme to meet growing demand for Wave's full portfolio of device-centric security solutions.

"Cyber-attacks have grown in sophistication as well as frequency, leaving conventional software security solutions vulnerable to attack," said Alex Teh, Founder of Vigil Software. "So, Vigil is delighted to offer its expansive network of resellers the opportunity to enhance their offerings with Wave's embedded security solutions. We believe that Wave's powerful platforms for data encryption, authentication and data leakage prevention offer a unique alternative for enterprises in the UK."

Under the new distribution agreement, Vigil is authorized to distribute Wave's full portfolio of industry-leading solutions for securing endpoint data, protecting data-in-motion and ensuring that only trusted devices gain access to the enterprise network. Wave's extended portfolio (which now includes Safend's 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 an 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 resistant 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 or 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.

"Wave's partnership with Vigil Software is a strategic step toward expanding our channel focus to offer best-in-class managed encryption and authentication solutions in EMEA," said Mony Bulocinic, Wave's EMEA VP of Channels. "We believe that Vigil's expansive network of resellers combined with its specialist expertise in the security market will further Wave's channel strategy for the region. We look forward to working with Vigil to build sales opportunities in this rapidly emerging data security market."

About Vigil Software
Vigil is an award winning Information Security Distributor founded in 2001. Initially distributing solutions for internet and email security, today Vigil supplies an integrated portfolio of Information Security solutions via its authorised network of reseller partners. Vigil specialises in bringing to market innovative solutions that help customers with today's increasing regulatory compliance, protect networks and users, prevent the loss of valuable and sensitive data and improve business productivity. Vigil has over 4,000 UK customers, 500 UK resellers and is headquartered in London.

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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