Wave Systems Corp. (fka WAVXQ)

[Genz2]

Wave Systems Corp. Acquired by ESW Capital

https://www.prweb.com/releases/2016/08/prweb13639211.htm

Austin, TX (PRWEB) September 01, 2016

ESW Capital, LLC. announced today the acquisition of Massachusetts-based Wave Systems Corporation, a developer of enterprise security software solutions.

Wave's approach to data protection starts with the device, or endpoint. It gives organizations—especially in security-sensitive sectors such as healthcare, government, finance, and higher education—unprecedented yet straightforward control over exactly who has access to their data, with what devices, over what networks. It’s the simple, cost-effective solution to an increasingly mobile workforce, ever more sophisticated cyber threats, and a growing set of compliance issues.

Wave joins the ESW Capital group of companies through a Chapter 11 plan of reorganization. ESW will operate Wave under its Versata Enterprises affiliate as a stand-alone entity with a dedicated product and customer support team. Wave will be part of a corporate family of over 40 enterprise software companies acquired over the past seven years. Integration will begin with implementation of ESW's Customer Success program, a proven method for driving successful customer relationships and alignment of product development investments with customer priorities.

"The Wave Systems assets will be complemented by an international team that can deliver superior value to Wave customers through increased resources, world-class engineering, and exceptional support," said Greg Kazmierczak, Chief Technical Officer of Wave. “I am confident that this transition will be a positive one for Wave customers.”

Leela Kaza, a Versata veteran will take on the role of President for Wave. “The technology that Wave has built is incredibly innovative and has proven itself to be highly valuable to their customers," Kaza said. "We are excited and ready to take Wave into the future with enhanced support and a rigorous focus on customer success."
=================================================================
This was a Chapter 7 case converted to a Chapter 11 case. Chapter 11 cases can be reopened given certain circumstances. I believe that Wave was ahead of its time, and now could be its time!