Media advisory on today's 8k:
"Wave Solutions Now Available through HP’s Direct Sales Force and VAR Channels"
Wave Security Software Provides Management for Growing Deployments of Self-Encrypting Drives and Embedded Hardware Security
Lee, MA–November 17, 2009—Wave Systems Corp. (NASDAQ: WAVX; www.wave.com) announced today that it has signed a license agreement that permits HP to offer Wave’s security solutions on a resale basis through HP’s Software Licensing and Management Solutions (SLMS)/Third Party Solutions (3PS) Group.
As the number of reported data breaches continues to grow, protecting sensitive personal data is a top concern for many enterprises. Full disk encryption (FDE) is a preferred mechanism to handle this threat. Traditional software-based FDE can be costly, time-consuming to deploy and has a negative impact on PC performance. It can also be vulnerable to a specific type of attack where encryption keys are recovered in RAM.
Hardware-based FDE, in the form of self-encrypting drives, offers advantages related to speed, total cost of ownership and security. The drives are installed in the factory, so encryption is “always on” and processing speeds aren’t affected.
Pursuant to HP’s reseller arrangement with Wave, HP can now offer to its enterprise customers Wave’s EMBASSY® Trusted Drive Manager software for pre-boot authentication and initialization of self-encrypting drives. The agreement also allows HP to sell Wave’s EMBASSY Remote Administration Server (ERAS), which provides centralized deployment and management of self-encrypting drives. ERAS also allows IT to perform a remote secure erase, which eliminates the significant cost of “wiping” the drives clean. Event logs also assist in compliance reporting.
The reseller agreement does not provide for guaranteed minimum shipped quantities or royalties.
“Wave’s data-at-rest software solution has been successfully deployed by enterprises worldwide,” said Brian Berger, Wave’s Executive Vice President of Marketing and Sales. “These solutions can provide ease of use and reduced ownership costs, along with the peace of mind that comes with having a fully managed, hardware-based encryption solution for the enterprise.”
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