Lee, MA
July 17, 2013

Wave Systems Corp. (NASDAQ:WAVX), the Trusted Computing Company, today announced a strategic distribution agreement with Axiad IDS, a market solution provider and value-added distributor for industry-leading suppliers of identity and access management (IAM) and authentication solutions. The partnership will offer Wave’s security solutions on a resale basis through Axiad’s channel partners.

"We see Wave as a critical component of Axiad IDS solution offering,” said Sam Lellouche, VP, Identity and Access Management Solutions at Axiad IDS. “Through Wave’s innovative trusted computing solutions, customers can now utilize a robust system that offers unprecedented yet straightforward control over exactly who has access to their data, with which devices, and over which networks.

Integrating Wave into its offerings allows Axiad IDS to offer end-to-end solutions to secure data and access to company resources. Customers will get boot protection, data encryption, email security, secure access to computers, networks and applications, either locally, through a VPN or in the cloud – even physical access to buildings. All of this is controlled with a single credential such as a PIV-C smart card.

Recently, the presence of cyber threats has been increasing with the proliferation of Advanced Persistent Threats (APTs), DDoS and other attacks. Most security solutions on the market today rely on proprietary software vulnerable to attack; Wave, by contrast, enables security that’s built into the device, not added on, giving enterprises the ability to know their devices, data and applications.

“Wave partnered with Axiad IDS because of its strong reputation in identity management and more than 80 years’ experience in the market,” said Steven Sprague, CEO of Wave Systems. “Customers are demanding more complete security solutions and our partnership Axiad IDS will enable Wave to pursue opportunities in this market.” 

With Wave’s industry-leading solutions that take advantage of hardware-based security, Axiad customers can:

  • Ensure their devices are safe to lose. Data is always protected with hardware-based encryption managed by Wave. Wave Cloud is the only Cloud service on the market for managing self-encrypting drives and Wave for BitLocker Management enables the fast deployment of BitLocker™, the native encryption feature from Microsoft.
  • Eliminate passwords. Ensure seamless, second-factor authentication with Wave to enable virtual smartcards and to protect credentials while using Microsoft DirectAccess.
  • Ensure that only known devices are allowed on known networks.  Establish persistent device identity that can’t be spoofed and gain increased visibility into endpoint health before the operating system loads with Wave Endpoint Monitor.

About Axiad IDS

Founded by Yves Audebert and Bassam Al-Khalidi, Axiad IDS (IDentity Solutions) is a Market Solution Provider and Value-Added Distributor focused on Identity and Access Management for corporate, government and healthcare organizations. Leveraging its extensive experience in authentication, networking technologies and large-scale Digital Identities deployments such as HSPD-12 PIV and DoD CAC, Axiad IDS allows organizations to control and protect their data, resources and assets.

Relying on leading technology vendors, Axiad IDS provides, deploys, supports and manages full-scope Identity and Data Protection solutions that brings quantifiable business benefits to its customers. Axiad IDS delivers its products and services through its channel partners.

For more information please contact:

Wave Contact:
Michael Wheeler
Wave Systems Corp.
413-243-7026
mwheeler@wave.com

Investor Relations:
David Collins, Eric Lentini
Catalyst Global LLC
212-924-9800 office / 917-734-0339 mobile
wavx@catalyst-ir.com