Wave Systems, Safend Team Up

LEE, Mass. and PHILADELPHIA -- Wave Systems Corp. (NASDAQ:WAVX) a leader in delivering trusted computing applications and services, and Safend, Inc, a leading provider of data leakage prevention solutions today announced a sales referral agreement. Enterprises deploying technologies from Wave and Safend can benefit from a layered security approach: Wave’s software is designed to manage trusted security hardware to encrypt data and restrict access to corporate information, while Safend’s comprehensive endpoint security solutions can help ensure data does not leave the corporation through unauthorized removal of storage and wireless devices.

Under this arrangement, each company can receive commissions on sales from referring its existing and potential customers to products and solutions of the other.

Safend's data leakage prevention solutions protect the physical and wireless communication ports of enterprise PCs and laptops, providing IT managers with the tools to seamlessly enforce established information security policies and compliance standards, while allowing the use of productivity-enhancing technology such as USB, removable media and wireless capabilities.

Wave’s EMBASSY® line of trusted computing software allows enterprises to manage many of the security functions of embedded PC hardware including full disk encrypting hard drives and Trusted Platform Modules (TPM). EMBASSY software enables organizations to cost-effectively address security needs such as data protection, strong authentication and network access control.

“This arrangement with Wave represents an important opportunity to offer our customers the complementary benefits of combining trusted computing solutions and highly granular port protection in their enterprises today,” said Susan Callahan, VP of Business Development and Marketing of Safend. “We look forward to working with Wave to introduce their customers to the benefits of strong endpoint security that Safend provides.”

Wave Systems Corp.

Safend Inc.