Dubai-Based KEDU Authorized to Distribute Wave's Security Portfolio in the
LEE, MA -- (Marketwired) -- 07/15/13 -- Wave Systems Corp. (NASDAQ:
WAVX), the Trusted Computing Company, announced that it has entered
into an agreement with KEDU IT Infrastructure, an IT distributor
based in the United Arab Emirates' city of Dubai. The agreement
follows a similar reseller agreement between Riyad-based QWAED
Technologies and Wave, announced last month.
"The recent spate of malware threats in the Gulf Cooperation Council
has prompted the need for better, more robust cyber security. That
naturally led us to Wave, with its significant expertise in Trusted
Computing and portfolio of products for protecting data, detecting
malware and establishing device identity," said Obaid Ali Bin Qahash,
Managing Director at KEDU. "We are yet another step towards
demonstrating our commitment to the Middle East region."
Joseph Souren, Wave's Vice President and General Manager for EMEA,
commented, "We have established an important relationship with KEDU
as an authorized reseller of our solutions with significant on-ground
technical support capabilities. We recognize the Middle East region
as an important market and we are pleased to be working with KEDU to
help develop and grow its business."
Wave's comprehensive portfolio of innovative solutions for managing
data protection, authentication and malware detection enables KEDU to
deliver secure business solutions to their clients designed to
empower them to:
-- Ensure their devices are safe to lose. Data is always protected with
hardware-based encryption managed by Wave. Wave Cloud is the only
Cloud service on the market for managing self-encrypting drives and
Wave for BitLocker(TM) Management enables the fast deployment of
BitLocker(TM), the native encryption feature from Microsoft.
-- Safely and securely encrypt files uploaded to cloud storage services
like Dropbox(TM) or Microsoft SkyDrive(TM).
-- Eliminate passwords. Ensure seamless, second-factor authentication
with Wave to enable virtual smartcards and to protect credentials
while using Microsoft DirectAccess.
-- Ensure that only known devices are allowed on known networks.
Establish persistent device identity th
at can't be spoofed and gain
increased visibility into endpoint health before the operating system
loads with Wave Endpoint Monitor.
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
KEDU IT Infrastructure is an IT consultant and service
provider, delivering technology driven business solutions that meet
the strategic objectives of our clients. We deliver unmatched
business value to customers through a combination of process
excellence, quality frameworks and innovative service delivery. We
believe in partnering with our customer and understanding their
unique needs and then using our expertise in meeting them beyond
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
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"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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Wave Systems Corp.
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