Replies to post #214871 on Wave Systems Corp. (fka WAVXQ)

[BerthaB]

Safend revenues... from an Elron Form F-20 (FY2009)

Based on the below, and estimating 35% annual growth, they should have pushed $10M in revenues for 2010. So that explains to some extent the purchase price. No data on profits/losses...

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Safend, established in 2003, develops comprehensive endpoint security solutions that enable organizations to adopt new communication technologies without sacrificing security.

Safend's Data Protection Suite guards organizations against data loss and theft while ensuring regulatory data security compliance and privacy standards. The Safend solution encrypts all data residing on the internal and external hard drives, removable storage and CD/DVDs while also monitoring real-time traffic and applying customized, highly-granular security policies over all physical, wireless and storage devices.

Safend has 27 pending patent applications.

Safend recorded revenues in the amount of $7.3 million in 2009, $5.6 million in 2008, and $3.7 million in 2007. There is no assurance that Safend will be able to continue to increase its revenues which may result in Safend requiring additional funding to finance its operations.

Safend is headquartered in Tel Aviv, Israel with subsidiaries in Philadelphia, Pennsylvania and Luxembourg. As of December 31, 2009, Safend had 62 employees worldwide.