Wave Expands Global Distribution Channels Across Asia Pacific
Leading Distributors Offer Wave Security Portfolio and Professional
Services to India, Korea, Thailand, and More
LEE, MA -- (Marketwire) -- 01/28/13 -- Wave Systems Corp. (NASDAQ:
WAVX), the Trusted Computing Company, today announced an expansion of
its distribution channel, highlighted by strategic agreements with
Infodat Technologies in India; TechSearch Corp. in Korea; and Bangkok
Systems & Software in Thailand. Wave is also expanding existing
relationships in Singapore and other Asian-Pacific markets.
These new distribution partners are now authorized to offer their
customers Wave's innovative solutions for data protection, data loss
prevention, authentication, security compliance and malware
"Today's cyber threats call for a unique and innovative approach, and
one that builds on industry-standard hardware built directly into the
endpoint. We're putting Wave's technology into the hands of top
regional distributors whose relationships and trained service
professionals offer a fast path to deployment," said Brian Berger,
Wave's Executive Vice President of Business Development and Chief
Marketing Officer."Infodat is well-anchored in the Indian market and
has earned the trust of its extensive client base. TechSearch is the
trusted partner for Korea's IT industry; and Bangkok Systems &
Software provides seasoned professionals on the ground in Thailand."
Under the terms of the agreements, Wave's distribution partners will
offer both products and professional services. The distributors will
offer Wave's EMBASSY(R) security software for managing hardware-based
data protection and authentication, as well as the full Safend
portfolio of products. Infodat Technologies has built a strong
reputation in India and globally, providing technology services and
business solutions for more than 16 years to help its clients
innovate, automate information and optimize costs.
"The mass availability of external endpoint devices, and a lack of
standards, makes many companies in a country like India even more
vulnerable to data threats," said Rao Pallepati, President, Infodat
Technologies India. "Therefore, it's critical for small and large
organizations alike to include endpoint protection as part of their
IT security strategy. We are excited to partner with a company like
Wave and offer this security to our customers."
TechSearch has strengthened the South Korean IT industry's
competitiveness for more than 14 years by providing global software
products and consulting services.
"Widespread use of smartphones and tablets has spurred the use of the
wireless Internet, bringing new business opportunity and services,
but this has also introduced new security issues," said Sooduk Shin,
President & CEO of TechSearch Corp. "Wave's Safend Data Protection
Suite of security software enables us to protect all corporate data
not only on laptops, but also on tablets and other vulnerable
Bangkok Systems & Software Co. has served the Thai market since 1995.
"Bangkok Systems & Software has been a leading provider of security
solutions for government and large enterprise in Thailand for more
than 13 years," said Kris Nawani, International Business Manager of
Bangkok Systems & Software. "Wave offers a unique, forward-thinking
approach to cyber security that allows us to best serve the needs of
the local market. We're also excited to showcase Wave's Trusted
Computing solutions at the upcoming Cyber Defense Initiative
Conference in February."
About Wave Systems
Wave Systems Corp. (NASDAQ: WAVX) reduces the
complexity, cost and uncertainty of data protection by starting
inside the device. Unlike other vendors who try to secure information
by adding layers of software for security, Wave leverages the
security capabilities built directly into endpoint computing
platforms themselves. Wave has been a foremost expert on this growing
trend, leading the way with first-to-market solutions and helping
shape standards through its work as a board member for the Trusted
Safe Harbor for Forward-Looking Statements
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.
All brands are the property of their respective owners.
Wave Systems Corp.
David Collins, Eric Lentini
Press spacebar to pause and continue. Press esc to stop.