LEE, MA--(Marketwired - Oct 16, 2014) - Wave Systems Corp . (
"The sale of eSignSystems is an important step in our strategy to focus our resources on our core business objectives. Wave remains committed to providing cutting edge cybersecurity solutions for our customers that provide strong authentication and encryption management based on a hardware root of trust," said Bill Solms, President and CEO of Wave. "As a founding member of the Trusted Computing Group , Wave has long been a champion of hardware-based cybersecurity solutions."
"With the sale of eSignSystems," Solms said, "Wave is better positioned to refocus assets on pursuing targeted market segments for its current solutions, including the most recently launched Wave Virtual Smart Card 2.0 , as well as accelerating the development of new solutions. This is a positive step in our plan to complete a realignment of the company for the purpose of greater business efficiency."
"The acquisition of eSignSystems by DocMagic is a marriage of extraordinarily talented and visionary people with incredible SaaS and on premise expertise and robust products and services," said Dominic Iannitti, President and CEO of DocMagic. "We are very pleased that this is a mutually beneficial event for both WAVE and DocMagic.
Security Research Associates of San Francisco, CA served as M&A advisors to Wave for this sale.
About eSignSystems
eSignSystems, a division of Wave Systems Corp. (
About Wave Systems
Wave Systems Corp. (
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Company: Wave Systems Corp. Walter A. Shephard CFO 413-243-1600 investors@wave.com Investor Relations: Catalyst Global David Collins, Chris Eddy 212-924-9800 wavx@catalyst-ir.com
