Wave Systems Corp. (NASDAQ: WAVX) announced that a global professional services firm has signed a one-year software maintenance renewal agreement for approximately $150,000 to use Wave’s TPM management software capabilities to secure their endpoint devices.
The customer utilizes Wave’s solution in conjunction with industry-standard Trusted Platform Module (TPM) security chips to deliver hardware-based secure authentication for over 100,000 employees worldwide.
“Wave provides a superior solution to secure access to critical corporate infrastructure. Our software allows an easy way to manage and access TPM cryptographic services best suited to the needs of clients with a diverse and distributed user population,” said Bill Solms, President and CEO, Wave Systems. “This agreement is an extension of their current contract with Wave. Their renewal and successful use of our software over the past several years validates that major global corporations continue to choose Wave’s solutions to protect their IT environments.”