2014 was a year of transition for Wave as we implemented changes in strategy and leadership – all aimed at our goal of making Wave a successful company. We recognize that change takes time, however as the year closed, we saw signs of real progress. This gives me confidence that measures taken in the past year have laid a solid foundation for Wave’s growth in 2015.
On the strategic front, we shifted our primary business focus from the OEM market to enterprise sales, while at the same time leveraging Wave technology to create marketable new security solutions. To this end, in July we launched Virtual Smart Card 2.0, a bold new product that better enables us to sell our TPM management software, where Wave has significant market differentiation.
At the same time we will not ignore potential opportunities with OEM partners, such as the partnership established in October between Wave, Micron and Lenovo to develop a combined security solution that would integrate the Trusted Platform Module and other hardware components to provide notification, remote management and remediation. We continue to pursue business developments like this in 2015.