Lee, MA
September 13, 2012

Wave Systems Corp. (NASDAQ: WAVX) announced today that it has been named a Visionary by Gartner Inc. in its 2012 Magic Quadrant for Mobile Data Protection (MDP), published by John Girard and Eric Ouelett on September 6, 2012. Companies in the Visionary quadrant are positioned for completeness of vision and ability to execute.

“We are honored to be named a Visionary in this highly competitive evaluation,” said Steven Sprague, CEO for Wave. “We believe Gartner’s findings in this report further affirm our plans to broaden our product capabilities through the addition of Safend, while strengthening our position as the primary provider of trusted computing solutions in the market today.”

Wave provides centralized remote management and secure audit logs for hardware encryption, with the most Opal self-encrypting drives (SEDs) under management today, along with software solutions such as Microsoft BitLocker.Wave’s extended portfolio, which now includes Safend’s Data Loss Prevention (DLP) suite, empowers organizations to:

  • Defend Data. Whether protecting data-in-motion, securing endpoint data or managing full disk encryption across an enterprise, Wave’s portfolio gives enterprises the upper hand. Wave’s EMBASSY Remote Administration Server (ERAS) is a single console for managing self-encrypting drives (SEDs), which are similar to standard hard drives, except that with SEDs, encryption is embedded into the core processor chip. This makes them impervious to software attacks, while greatly outperforming software encryption solutions. Wave enables drive initialization, user management, drive locking, user recovery and crypto erase for all Opal-based, proprietary and solid-state SEDs. Wave also provides the automated, turn-key management of Microsoft native encryption on Win7 platforms; software encryption with Safend Encryptor and removable media encryption for encrypting data-in-motion on removable storage devices.
     
  • Deter Unauthorized Users, Devices and Malware. With the lion’s share of corporate data residing on network endpoints, Safend Protector and Inspector can prevent data leakage through physical ports, wireless interfaces or removable media; restrict devices by type, model or serial number; inspect, classify and block data leakage via email and control the transfer of files.
     
  • Detect Emerging Threats. Ensure that only trusted devices are given access to networks and services with ERAS by activating and managing the Trusted Platform Module (TPM) security chips on your PCs. With Wave Endpoint Monitor, enterprises can spot Advanced Persistent Threats by detecting unauthorized changes to the pre-boot environment as systems power on.
     

About Magic Quadrant

 Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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