Scrambls Wins 'Cloud Innovation' Category at Computer Weekly European User Awards

Scrambls Wins 'Cloud Innovation' Category at Computer Weekly European User 
LONDON -- (Marketwired) -- 05/15/13 --  Wave Systems (NASDAQ: WAVX),
the Trusted Computing Company, announced today that Scrambls has been
named winner of the 'Cloud Innovation' category for the prestigious
Computer Weekly European User Awards for Security 2013. The winners
were announced on May 3rd following verdicts from a panel of
independent judges in Europe. 
The Computer Weekly European User Awards for Security recognise
innovation in information security and IT risk management. Entries
were required to demonstrate innovation in areas such as driving
reduction in cyber crime and overall losses, corporate security,
physical security, risk management, and data security with a clear
description on how IT has been utilised to improve business or
service security. 
"As businesses face ever greater threats that compromise their
information security, they need the IT industry to innovate with
technology to help counter those threats," said Bryan Glick,
Editor-in-chief, Computer Weekly. "Through the Computer Weekly
European User Awards for Security, we wanted to recognise and reward
the best examples of innovation -- the great ideas that turn into
products that deliver real value to their users. It's a great credit
to Wave Systems that Scrambls impressed our independent judges so
much in what was a very competitive category." 
"As BYOD leads to BYOA [Bring Your Own Apps], an organization runs
the risk of information assets being dispersed across multiple
consumer-grade apps with little in-built security," said Clive
Longbottom, founder of the analyst consultancy firm Quocirca and an
awards panellist. "Through the use of an in-flight encryption
capability and granular role -- and individual-based security that
works with any of these systems, enterprise information security can
be placed around the information assets. Scrambls is making this as
simple as possible through its integration into the standard desktop
and the capability to embed its service directly into other mobile
"Computer Weekly is an extremely reputable source of information for
the IT and security industries, and it is great for Scrambls to be
recognised as an innovative and pioneering tool for protecting social
media privacy," said Joseph Souren, Vice President and General
Manager, EMEA, Wave Systems. "The use of enterprise social media is
becoming increasingly prevalent within today's enterprise market. It
is therefore essential that proactive steps are taken to ensure that
information isn't compromised. The encryption capability technique
provided by Scrambls serves to do just that." 
Scrambls takes a fresh approach to the conditional access of data
that is posted to the web and stored in the cloud. The Scrambls
service protects data in motion and shared in the cloud by
establishing persistent controls over each individual post and file
published. The user sets access rules for content ranging from simple
restrictions to elaborate criteria. These rules can be updated over
time, modifying access based on changing business needs and evolving
regulatory requirements.  
Winners will be profiled in case studies in Computer Weekly, and will
be invited to attend the awards ceremony at the end of the year.  
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
Computing Group.  
Safe Harbour 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. 
Press contacts:
Helen Shafe / Sammy Jamieson 
Octopus Communications
+44 (0) 845 3700 655 
Press spacebar to pause and continue. Press esc to stop.