Wave's Roots are in silicon,
unlike say the antivirus vendors gone wild whose roots are in the soft world, Wave was founded to build a chip (the PeterMeter) and use it as a vehicle for secure content distribution. They couldn't push that rock up the hill, and broadened the scope (or vision or whatever) to another chip, a secure execution platform E2100, and they couldn't push that rock up the hill.
Their founding and expertise has been in silicon, secure processor silicon, and now the secure vault lite-version that they (and others) did manage to push up the hill, the TPM. (Peter was at NSM, their last name being semiconductor).
While their patent portfolio is thin at best, their IP in designing, managing, using, and integrating security chips is substantial.
They seek to be the bridge between a requisite secure element and that diverse soft world out there.
As it is incumbent on the chip makers to at least provide some firmware, and even though those are to a standard spec, individualties emerge. Wave's first successful project (weak from the revs side) was to build a cryptographic servive provider (CSP) to abstract away TPM peculiarities and provide a simple tool-kit addressable by other tools familiar to the soft world like MS-CAPI. Layer on ETS, abstract away bios peculiarities, add in ERAS and other goodies designed to interact with other security hardware (SED cryptoelement) and one has a company that interfaces between TPMs/secure-elements and the soft world. Hence they need TPMs. TPMs are to Wave as known oil reserves are to Exxon. Wave must still execute, gain access in a mineral rights sort of way (Samsung e.g.) drill the oil (write the code for Samsung's secure elements) and sell it to Samsung. Same for Seagate and SEDs, and so on. Finally they need to execute in selling the management utilites to the folks that actually end up buying these Samsung thingy's (or Dell thingy's, or WOA thingy's).
TPM deployment = Wave's potential market size
Currently they are the goto in making the TPM more than a obscure piece of silicon.
Thery could get bumped, there will be others, but they are pushing hard, currently lead, and if they execute in this window they will enjoy incumbent status.
I cannot imagine the TPM-facilitator-incumbent-company being worth less than a billion dollars in a year or so as TPMs (and their use) goes mainstream. There are just too many bloody devices.
The above content is my opinion.
AI
