MUNICH, GERMANY--(Marketwired - Aug 6, 2013) - Wave Systems Corp. (
The strategic partnership, based on seven years of successful cooperation between Infinigate UK (formerly Vigil Software), further expands Wave's reach into the German and Austrian markets. With Wave's endpoint security portfolio, Infinigate is now authorised to offer its customers Wave's innovative solutions for data protection and compliance, secure mobility and authentication, cloud security, and advanced malware protection.
According to the 2013 Verizon Data Breach report, 76% of network intrusions exploited weak or stolen credentials.1 Wave technology manages the embedded security features in devices. Users are no longer reliant on password security, allowing the corporate network to manage device security. It also enables a business to prove the device was encrypted if lost or stolen -- a pre-requisite of the EU Data Protection Directive.
In response to the growing threat from unsecured devices, Microsoft made modern access control one of the key pillars in the Windows 8 operating system, with provisions that allow for machine and user ID hardware-protected certificates for user authentication for remote access and strong machine network authentication.
Andreas Bechtold, Managing Director, Infinigate Deutschland GmbH comments: "In an increasingly mobile working environment, securing laptops, tablets and smartphones will be important in this segment. Wave enables devices with embedded security components to be managed centrally. This results in the completion of our portfolio, which offers very effective solutions in the area of endpoint management as well as security."
Joseph Souren, VP and GM EMEA, Wave Systems comments: "We believe that there are important market opportunities for endpoint security, especially in the market for embedded security management of hardware elements such as the Trusted Platform Module and Self-Encrypting Drives. The distribution partnership with Infinigate is an important step for Wave towards further developing sales channels in the European market. Infinigate provides its partners comprehensive consultation, in selecting and implementing the right solutions."
About Wave Systems
Wave Systems Corp. (
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This press release may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Wave assumes no duty to and does not undertake to update forward-looking statements.
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Infinigate was founded in 1996 as the first Distributor of internet technology solutions in Europe. Since 2002 Infinigate's sole focus has been on the distribution of sustainable IT security solutions to protect and defend IT networks, data and applications. As a true Value Added Distributor, Infinigate concentrates on and supports innovative, best of breed security solutions that require a level of expertise and knowledge. Infinigate offers a complete service to its partners and vendors to complement its product portfolio with dedicated technical, marketing, sales and professional services. Following acquisitions in Scandinavia and the UK, the Infinigate Group today has operations in 7 European countries including Germany, Switzerland, Austria, Sweden, Norway, Denmark and the United Kingdom. It covers 60% of the Western European IT Market establishing itself as a leading European Value Added Distributor for IT Security. Find out more: www.infinigate.com.