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Wednesday, 10/31/2018 9:15:50 PM

Wednesday, October 31, 2018 9:15:50 PM

Post# of 248560
Global Professional Services Firm Renews Software Maintenance Agreement with Wave Systems

https://www.wavesys.com/buzz/pr/global-professional-services-firm-renews-software-maintenance-agreement-wave-systems

Lee, MA -

June 23, 2015 -

Wave Systems Corp. (NASDAQ: WAVX) announced that a global professional services firm has signed a one-year software maintenance renewal agreement for approximately $150,000 to use Wave’s TPM management software capabilities to secure their endpoint devices.

The customer utilizes Wave’s solution in conjunction with industry-standard Trusted Platform Module (TPM) security chips to deliver hardware-based secure authentication for over 100,000 employees worldwide.

“Wave provides a superior solution to secure access to critical corporate infrastructure. Our software allows an easy way to manage and access TPM cryptographic services best suited to the needs of clients with a diverse and distributed user population,” said Bill Solms, President and CEO, Wave Systems. “This agreement is an extension of their current contract with Wave. Their renewal and successful use of our software over the past several years validates that major global corporations continue to choose Wave’s solutions to protect their IT environments.”
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https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144562943
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The TPM has already been tested in real world conditions with this Professional Services Company (PWC - a UK based company) with over 100,000 seats. It appears that from this PR, the company has been well-protected with Wave's product and the TPM. With Wave Knowd (currently in retirement) and Wave VSC 2.0 many British companies could be better protected with Wave's authentication product(s). The difference being the time to implement the TPM turn on is shorter by using ERAS than the time PWC spent turning them on years ago. Given the success PWC has had with TPMs and Wave's product, it seems that there would be many companies in the UK if told about this PR would want to use a product like Wave's VSC 2.0.
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https://www.wavesys.com/products/wave-virtual-smart-card

https://www.wavesys.com/products/embassy%C2%AE-remote-administration-server-tpm-management








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