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For the complete interview with Mr. James McGowan, V.P. of Sales and Marketing, Videx: http://www.securitystockwatch.com/Interviews/in_Boardroom_VIDEX.html

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WAVE SYSTEMS
Wave Systems Corp. recently announced that it launched Wave Cloud, a cloud-based service for enterprise-wide management of self-encrypting drives (SEDs). The company's new subscription-based service introduces a game-changing platform for enterprises that wish to rapidly deploy centrally-managed hardware-based data encryption on laptops -- all without the complexity and cost associated with maintaining on-premise servers.

SEDs provide one of the best defenses against data breach. Based on the Opal specification published by the Trusted Computing Group, the drives are available from leading storage vendors at little to no incremental cost from a wide range of PC suppliers, including Dell, HP, Lenovo and others. Solid-state versions of SEDs are also available. Advantages over software encryption include better performance (because encryption happens on a chip, it doesn't compete for processing cycles); faster deployment (unlike software, SEDs don't require an initial encryption cycle); and enhanced security (encryption cannot be turned off or otherwise compromised by the end user).

Yet despite the advantages, the need for dedicated servers and in-house IT expertise -- along with tight IT budgets -- has hampered wider encryption adoption.

"Organizations are looking for ways to leverage cloud offerings to reduce the complexity and costs of deploying endpoint encryption," said Eric Ouellet, VP Secure Business Enablement at Gartner. "While the endpoint encryption market is relatively mature, deployment challenges remain. Offerings that can provide standardized, simple-to-use frameworks for typically cumbersome tasks could help accelerate growth in this segment."

These factors, coupled with the rising popularity of cloud-based services, were the drivers for the development of Wave Cloud.

"Wave Cloud opens the door for a new generation of users to discover the top-shelf endpoint data protection afforded by SEDs," said Brian Berger, Wave's Executive Vice President of Marketing and Sales. "The service offers a capital-efficient and easily scalable means for rolling out self-encrypting drives in the enterprise -- with the same management features to be expected from the Wave brand: remote management, policy enforcement and password retrieval."

Subscriptions start at $37 per drive per year with a one-year agreement.

For complete details about this announcement: http://www.wave.com/news/
For Wave Webcasts and Presentations: http://www.wave.com/news/webcasts.asp
For the Wave Blog: http://blog.wave.com/
For our exclusive interview with Mr. Steven Sprague, CEO and President of Wave Systems: http://www.securitystockwatch.com/Interviews/Conversation_WAVE_trusted.html
See Wave's "White Paper" Network Security: How to Defend an Infinitely Expanding Frontier: http://www.wave.com/collateral/03-000273_TPM-SED_whitepaper.pdf
For more information: www.wave.com (NASDAQ: WAVX)