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Wave Systems Corp. (WAVX) Enters Strategic Milestone Distribution Agreement With Vigil Software

|Includes: Wave Systems Corp. (WAVX)

Wave Systems has established a strong position in enterprise network endpoint encryption technologies, with offerings like the EMBASSY® Remote Administration Server (ERAS) that gives businesses a powerful solution to costly, time-consuming, full-disk encryption (FDE) methods like deploying self-encrypting drives (SEDs) across enterprise laptops or other hardware. Moving to exploit this enviable market position, the company has entered a key partnership with award-winning UK-based IT security distributor Vigil Software Ltd., as part of the company's strategic channel expansion targeting Europe, Middle East, and Africa (EMEA), Wave Systems is putting their full portfolio of industry-leading solutions before EMEA markets via this distribution agreement.

Vigil used to be a distribution partner for Safend, which is now part of WAVX with its own division, offering the Safend Data Protection Suite for securing endpoint data, making them the perfect company to act as a distribution node to meet the swelling demand in EMEA markets for Wave's portfolio of products. Vigil is fully authorized under this new agreement to distribute the entire suite of WAVX offerings and will likely be put to the test getting the mission-critical endpoint data security, data-in-motion, and hardware-based two-factor authentication solutions (which use an advanced Trusted Platform Module architecture) into the hands of eagerly awaiting businesses in the EMEA region.

Founder of Vigil Software, Alex Teh, emphasized the rapidly increasing sophistication and frequency of cyber-attacks which have left conventional software security solutions highly vulnerable, clearly pleased to be offering Vigil's vast network of resellers the WAVX platform that features powerful embedded security solutions. Encryption, retention, and authentication just got a whole lot easier, especially for UK enterprises, who will feel the most immediate impact of this important agreement.

VP of Channels at WAVX, Mony Bulocinic, was excited to see the prospects develop for this partnership and reminded investors of the possible momentum generated in EMEA markets via this systematic push by the company to expand channel focus, offering these low hanging fruits "best-in-class managed encryption and authentication solutions" to meet emerging security requirements. Bulocinic underscored Vigil's huge network resellers and specialists, well versed in the security market and able to make this agreement pay off for both companies with highly-focused sales opportunities that are custom tailored to client needs.

It is a serious strategic push by WAVX into sectors ripe for the picking, with vast swathes of enterprises that want to migrate to a tighter data security profile but lack the option/availability. Rapidly growing data security sectors in all primary targets and a winning solution set are very positive indicators for WAVX as this move to secure a broad channel distribution arrangement with Vigil heats up.

The ERAS provides a single console for easily managing an entire fleet of SEDs and WAVX provides automated, turn-key administration of native Win7 Microsoft encryption, employing Safend Encryptor for software encryption tasks, as well as data-in-motion/removable media encryption. Leveraging the hardware-based chip encryption framework of the SED architecture, WAVX software shields critical data from attacks much better and faster than extant software encryption solutions, while enabling full system control. Everything from drive initialization/locking to user management/recovery, with crypto erase for all Opal-based, proprietary and solid-state SEDs.

The ERAS Safend suite includes Protector/Inspector for shunting unauthorized users, devices or malware, sealing physical ports, wireless interfaces, and removable media via an advanced classification hierarchy (using model, serial number, and resident inspection/classification engine capabilities) that cauterizes data leakage through email and file transfer/control. Total transparency of the hardware Trusted Platform Module security chips via Wave Endpoint Monitor allows customers to slam Advanced Persistent Threats, sniffing out unauthorized changes to the pre-boot environment as the systems power up.

For more information on today's agreement with Vigil Software, or to stay up to date on the latest news at Wave Systems Corp., please visit: Wave.com

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