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Scrambls for Files Wins 'Best Content Security' at 2013 SC Magazine Europe Awards

LONDON -- (Marketwired) -- 04/25/13 -- Wave Systems (NASDAQ: WAVX), the Trusted Computing Company, announced today it has been named winner of the 'Best Content Security' category for Scrambls for Files at the prestigious 2013 SC Magazine Europe Awards. The winners were announced on April 23rd at an awards ceremony at the London Hilton attended by professionals from across the industry.

Scrambls for Files was chosen as the best solution for countering attacks on web-based content in the enterprise, earning the honour over competitors that included McAfee, Accellion, Trustwave, Cyber-Ark and Websense. The SC Awards Europe recognises the best performers and innovators in the information security area. Entries are evaluated by those at the highest level of the information security profession and by a second panel made up of the SC Magazine editorial team.

"We are extremely pleased to receive this honor from SC Magazine Europe, which further validates Scrambls for Files as an innovative and one-of-a kind offering for protecting information in the cloud," said Joseph Souren, Vice President and General Manager, EMEA. "With the use of cloud services becoming increasingly prevalent within today's enterprise, IT must take proactive steps to ensure that information isn't compromised. With Scrambls, you can choose who can see and read any scrambled text; everyone else sees only hieroglyphic-type characters."

Available since November, Scrambls for Files allows users to

  • Safely and securely encrypt files stored uploaded to cloud storage services like Dropbox™ or Microsoft SkyDrive™.
  • Set permissions so that only specific groups (based on email addresses or Facebook contacts) can access the content. IT can change those permissions at any time.
  • Decrypt and display both text and files. Messages can be retracted or can be scheduled to appear or expire.

Scrambls can be used with any web service and is compatible with an infrastructure users already know and use (Facebook, DropBox, email, Yammer).

About Wave Systems
Wave Systems Corp. (NASDAQ: WAVX) reduces the complexity, cost and uncertainty of data protection by starting inside the device. Unlike other vendors who try to secure information by adding layers of software for security, Wave leverages the security capabilities built directly into endpoint computing platforms themselves. Wave has been a foremost expert on this growing trend, leading the way with first-to-market solutions and helping shape standards through its work as a board member for the Trusted Computing Group.

Safe Harbour for Forward-Looking Statements
This press release may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Wave assumes no duty to and does not undertake to update forward-looking statements.

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Octopus Communications
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