Lee, MA
September 23, 2013

Wave Systems Corp. (NASDAQ: WAVX) today launched Wave Cloud 2014, a cloud-based service for enterprise-wide management of endpoint encryption. Originally named Wave Cloud when the product became available last year, Wave Cloud 2014 now includes management of Windows BitLocker and Mac FileVault in addition to self-encrypting drives (SEDs), enabling the service to handle the complete spectrum of embedded endpoint encryption technologies.

"Wave Cloud has already delivered outstanding results to enterprises taking advantage of hardware-based security on their devices," said Steven Sprague, CEO of Wave Systems. "With the new functionality and enhancements that we've added to the 2014 release, customers will now be able to manage OS-native encryption including BitLocker and Mac FileVault on their current equipment, while phasing in and managing SEDs in the same console. This is a significant step forward and can help even more companies protect their sensitive data."

Wave Cloud 2014 is among the fastest, most cost-effective ways to deploy endpoint encryption technologies, the only product on the market that can manage SEDs in the cloud, and the only one that combines SEDs, BitLocker, and FileVault management in one console. The solution can now be used to manage the full spectrum of native endpoint encryption technologies, and is built on a market-proven web platform that improves the customer experience and scales to millions of devices.

SEDs provide one of the best defenses against data breach. Based on the Opal specification published by the Trusted Computing Group, the drives are available from leading storage vendors at little to no incremental cost from a wide range of PC suppliers, including Dell, HP, Lenovo and others. Solid-state versions of SEDs are also available. Advantages over software encryption include better performance, faster deployment and enhanced security. In addition, SEDs are transparent to the user and easy to administer.

Wave Cloud 2014 Advantages for SED Management Include:

  • Rapid deployment. Available and deployable via the internet, Wave Cloud's simple, point-and-click interface can enable most deployments to complete in less than three days.
  • Capital-efficient. Wave Cloud requires no on-site servers, and subscription fees scale to match the scope of endpoint protection that customers deploy. Pay only for what you use.
  • Better performance. Because encryption happens on a chip within the SED's drive, it doesn't compete for processing cycles with the laptop's CPU or slow down running applications.
  • Enhanced security. An SED's encryption is always on and cannot be turned off or otherwise compromised by the end user. SEDs are also designed to protect against cold-boot or side channel attacks.

The new service is available for Windows 7, Windows 8 and OSX Mountain Lion, and subscriptions start at $37 per license per year with a one-year agreement. To learn more, please visit http://www.wave.com/products/wave-cloud-2014.

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