Wave Systems Corp. (fka WAVXQ)

[Tsunami07]

BT FRONTLINE DEAL COMPLETES

http://www.frontline.com.sg/doc/BT%20Frontline%20Deal%20Completes.pdf

http://www.frontline.com.sg/

http://www.frontline.com.sg/partners/partners.htm ((**** Strategic Partners Cybertrust (Verizon Business Owner) and Dell Computer - and Alladdin and Juniper and Hitachi Data Systems and ,... ))

24 March 2008

BT announced today that the acquisition of Frontline Technologies Corporation Ltd. has successfully completed and the new company will start operations immediately

under the new brand-name of BT Frontline. BT Frontline provides IT consulting, IT infrastructure services, systems integration and IT outsourcing to local, regional and multinational customers with a strong

presence in the financial services, transportation, manufacturing, telecommunications, education, healthcare and public sectors. BT Frontline complements BT’s existing

networked IT services and IT solutions capabilities as BT Frontline has an excellent reputation for delivery of complex solutions and network management services within the Asia Pacific region.

With BT Frontline as part of the BT Group, BT is enhancing its transformation into a customer driven, networked IT solutions provider that has the immediate ability to

offer a full range of IT solutions across Asia Pacific and around the globe in the 170 countries in which BT operates.

In Asia Pacific BT will conduct business as usual under the BT brand-name. Frontline will operate alongside BT as BT Frontline. By using this co-branding

approach BT Frontline will be able to maintain and leverage the regional brand equity and goodwill of the Frontline name.

BT Frontline’s wholly owned operations include undertakings in Singapore, Malaysia and Dalian, China and they will operate with immediate effect under the BT Frontline

brand. BT Frontline also has additional significant subsidiaries and associate companies which will continue operating under their existing brand names. These include:

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Accel Frontline (India) – a joint venture in which BT Frontline holds 51% and is listed on the Indian National Stock Exchange and the Bombay Stock Exchange; and

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MDCL Frontline based in Beijing in which BT Frontline holds a 47% stake;

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G-Able Co. Ltd, an associated company in Thailand As part of its strategic partnerships with Sun Microsystems BT Frontline has also set up a number of joint venture companies with Sun Microsystems in the Philippines , Indonesia, and Vietnam.

Allen Ma, president of BT Asia Pacific said, “The people of BT Frontline bring to BT a wealth of new skills and expertise, as well as the necessary scale to rapidly accelerate our business in Asia Pacific. Among the benefits that this combination of talents represents, BT is now able to offer an even stronger capability in IT security services, a more advanced regional infrastructure services capability, greater opportunities for outsourcing and professional services, and an applications development capability with a track record in developing innovative solutions. The BT Frontline business dovetails well with BT Asia Pacific’s offering, through a highly reputable brand, a strong and diverse regional customer base, and a clear and unwavering focus on customers.” Ma continued, “For our MNC customers operating in region and for regional companies expanding globally, our accelerated move into the IT solutions space will provide a single supplier relationship with a broad portfolio of managed network and IT servi
ces in China, India and SE Asia.” Steve Ting, Chairman of BT Frontline said, “Since founding Frontline in 1993, we have come a long way. As a part of such a successful leading global company, we are now in a position to leverage BT’s portfolio of global networked IT services and deliver our regional solutions offering to a global audience. We see this as a real advantage for both companies’ customers as BT Frontline will bring to BT new major contracts in Asia Pacific and BT will be in a position to offer BT Frontline customers the full suite of BT services.”

BT Frontline brings to BT Asia Pacific approximately 5,000 highly skilled and professional people whose reputation for delivering complex solutions and network

management services perfectly complements BT’s strategy. Including BT Frontline’s operations, BT Asia Pacific will now have over 27,000 employees, directly employed or working in joint ventures, in the region. This acquisition significantly increases BT’s talent pool at an important time when BT has strong growth ambitions for the Asia Pacific region. BT has heavily invested in the region over the last three years and expects to continue to grow its operations and better serve customers.

BT announced that it had agreed to acquire Frontline for approximately S$202 million on December 5, 2007. All conditions to the acquisition having been satisfied, the transaction had now been completed.


About BT Frontline

BT Frontline, a wholly owned subsidiary of British Telecommunications plc, is a leading provider of end-to-end IT services. BT Frontline offers IT consulting, IT infrastructure, IT security solutions, enterprise application solutions, system integration as well as outsourcing to help companies harness IT so as to drive operational cost efficiency as well as business growth.

Established in 1993 and headquartered in Singapore, BT Frontline has more than 5,000 professionals (direct and indirect) in ten key markets in Asia – China, Hong Kong, India, Indonesia, Malaysia, Singapore, Philippines, Taiwan, Thailand and Vietnam – to meet the specific needs of corporate organisations across a continuum of industries.

For more information visit www.frontline.com.sg

About BT

BT is one of the world’s leading providers of communications solutions and services operating in 170 countries. Its principal activities include the provision of local, national and international telecommunications services to our customers for use at home, at work and on the move; higher-value broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, Openreach, BT Retail and BT Wholesale.

In the year ended 31 March 2007, BT Group plc’s revenue was £20,223 million with profit before taxation of £2,484 million.

British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on stock exchanges in London and New York.

For more information, visit www.bt.com/aboutbt

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Wave Expands Enterprise Security Coverage in Asia Pacific with Frontline Technologies

Nov 26, 2007

LEE, Mass. -- Wave Systems Corp. (NASDAQ:WAVX), today announced it has completed a reseller agreement with Frontline Technologies Corporation Ltd., a leading IT Services provider in Asia. Under this agreement Frontline is authorized to market and sell Wave's line of client and server software solutions in the greater Asia Pacific region, as well as advise its clients on the uses of those solutions to strengthen data protection, strong authentication and network access control throughout the client's enterprise.

Frontline has a strong Pan-Asian presence with footprints in nine countries and more than 65 cities in the region.

"Today, many of our customers are seeking to strengthen their security systems by implementing stronger authentication, data protection measures and better network access control solutions," said Wong Wai Meng, managing director of Frontline. "With trusted security hardware becoming a common feature on enterprise-class PCs, our partnership with Wave will enable us to offer our customers industry-leading trusted computing software solutions to address their most pressing security concerns."

Wave's EMBASSY client and server software leverages the security features of the Trusted Platform Module (TPM), an open standards security chip that serves as a tamper-resistant storage vault for user credentials. By leveraging Wave's software plus the TPM, enterprises can immediately roll out strong authentication, including machine, biometric and smart card authentication, as well as institute stronger network policies, key management and data protection. In addition, Wave provides management capabilities for fully encrypting hard drives, a hardware-based security system now available on many enterprise class notebook computers, to enable password setup and recovery, pre-boot authentication, remote deployment and lifecycle management. Using the automated compliance auditing features of Wave's enterprise server class software, IT departments can document that all data on a lost or stolen laptop was stored safely on the drive.

"Frontline's expertise in enterprise-class IT services, support infrastructure and their significant regional presence makes them an ideal partner to help Wave expand its presence in the Asia Pacific region," observed Richard Shuck, Wave's vice president, Asia sales and marketing. "Their high-touch, end-to-end approach to deployment can add immediate value to IT customers' security solutions requirements with Wave enterprise class software."

About Frontline Technologies Corporation Ltd

Frontline Technologies Corporation Ltd (SGX: FRLT.SI) is a leading provider of end-to-end IT Services. Frontline offers IT consulting, IT infrastructure, IT security solutions, enterprise application solutions, system integration as well as outsourcing to help companies harness IT so as to drive operational and cost efficiency as well as business growth.

Established in 1993 and headquartered in Singapore, the Frontline Group has more than 4,500 professionals in nine key markets in Asia - China, Hong Kong, India, Indonesia, Malaysia, Singapore, Philippines, Taiwan and Thailand - to meet the specific needs of corporate organizations across a continuum of industries. Frontline is listed on the Main board of the Singapore Exchange since March 2001 and has been ranked in the top 10% of the Corporate Transparency Index (CTI) in Singapore. For more information, please visit www.frontline.com.sg.

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Verizon Business Completes Cybertrust Acquisition

Surpasses Competition to Become No. 1 Global Information Security Player

July 09, 2007

BASKING RIDGE, N.J. - Verizon Business is now the leading provider of managed security services to business and government customers worldwide with the completion of its previously announced acquisition of Cybertrust.

Verizon Business today boasts unmatched capabilities and global reach, including a combined security services staff of more than 1,100 professionals deployed throughout the Americas, Europe, the Middle East and the Asia-Pacific region.

Customers of Verizon Business and the former Cybertrust are benefiting immediately from the combination of the companies' assets, products, professional services and people into an enhanced Verizon Business Security Solutions practice. Starting today, each company's customers can access an integrated portfolio of security offerings--combined under the "Verizon Business Security Solutions powered by Cybertrust" brand.

"In today's globally mobile, millisecond-fast economy, security protection is essential to ensuring the health of every business," said Nancy Gofus, senior vice president and chief marketing officer for Verizon Business.

"With our newly expanded world-class security capabilities, Verizon Business is enabling customers to better secure their businesses. We are uniquely positioned to help as an organization moves into the era of the extended enterprise where data must be stored and secured from location to location, from partner to supplier, from the private network to the public Internet, from the desktop to the cell phone, and everywhere in-between," she said.

The newly enhanced Verizon Business Security Solutions suite delivers end-to-end, multilayered security protection from the customer's premises to the Verizon Business global IP network, one of the many networks making up the Internet or "cloud" and includes: " Professional Services comprised of governance, risk and compliance analysis, application assessments, and forensics and incident response services. This includes 300 dedicated professional services consultants located around the world.

A full suite of premise and network-based Managed Security Services, consisting of Denial of Service, Managed Email, Managed Devices and Managed Intrusion Protection and Detection Systems

Identity and Access Management
Threat and Vulnerability Management
Partner Security Programs
Security Certification Programs

Additionally, customers can choose from a wide range of flexible management options, from fully outsourcing all functions to Verizon Business, to management of services or hosting of certain equipment, to the customer doing it on a self-serve basis and calling upon Verizon Business as needed.

"Businesses around the globe can turn to Verizon Business knowing they are getting unmatched capabilities and global reach with customized solutions to fit their individual needs," said Kerry Bailey, vice president of Verizon Business Security Solutions. "We've combined the world's most interconnected IP network with more than 27 years of combined security experience and a vendor-agnostic approach to delivering security solutions. No other player can offer our breadth and depth of security expertise."

"We are committed to protecting our customers' operations end- to-end as the global IP transformation unfolds. Security starts with experience. But it can't stop there. Technology, for good and for ill, constantly evolves. We intend to stay one step ahead delivering new ways for organizations and their users to conduct business more seamlessly and securely," he said.

Verizon Business adds a strong new focus in the area of identity management, enabling customers to efficiently manage user-identities across multiple systems and applications. The security practice will offer a full range of solutions for enterprises and governments to manage electronic identities that enable authentication management, information protection and secure access to resources across enterprise systems.

Verizon Business also acquired Cybertrust's ICSA Labs, which will remain an independent division of the company. ICSA Labs is considered the gold standard of security product certification, having tested and certified 95 percent of the installed security products on the market today.

Verizon Business continues to operate seven Cybertrust Security Operations Centers in the Americas, Europe, the Middle East, Africa and Asia-Pacific. These centers enable a true "follow the sun" approach to security operations.

"Security, mobility and the extended enterprise are accelerating the pace of globalization," said Gofus. "Through the Cybertrust acquisition, Verizon Business is extremely well positioned to help enterprises meet these challenges head on."

About Verizon Business

Verizon Business, a unit of Verizon Communications (NYSE: VZ), is a leading provider of advanced communications and information technology (IT) solutions to large business and government customers worldwide. Combining unsurpassed global network reach with advanced communications, security and other professional service capabilities, Verizon Business delivers innovative and seamless business solutions to customers around the world.

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March 18, 2008

Dell: Asia Pacific Business Growing Fast

Michael Dell, Chairman and Founder of Dell Inc., speaks during a press conference in Seoul, South Korea, Tuesday, March 18, 2008. Dell said that Dell Inc.'s business is experiencing fast growth fast in Asia and the outlook for laptop computers is bright.(AP Photo/Ahn Young-joon)

(AP) -- Dell Inc.'s business is growing fast in Asia and the outlook for laptop computers continues to be bright, CEO Michael Dell said Tuesday.

"Dell experienced 41 percent unit growth in Asia Pacific and Japan region" in the fourth quarter, said Dell, who is also founder also chairman of the world's second-largest personal computer maker.

Dell said that in the fourth quarter the company's laptop business in the Asia Pacific grew more than 70 percent. Industry research firm IDC estimates that the laptop business is growing about 21 percent year-on-year in the region, he said.

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