Wave systems
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Eröffnet am: | 01.07.13 17:10 | von: alpha77 | Anzahl Beiträge: | 14 |
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Quantencomputer?
Hat jemand D-Wave auf dem Radar? Ich hatte die vor längerem schonmal überlegt näher anzugucken. Entwickeln oder Bauen Quantencomputer. Gibt erste erfolgreiche Meldungen. Eigentlich sollten Quantencomputer die Zukunft werden, aber evtl. ist es noch viel zu früh da zu investieren.
Press Releases
Wave Systems Secures Financing Agreement and Engages Investment Bank to Evaluate Strategic Alternatives
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›Wave Systems Secures Financing Agreement and Engages Investment Bank to Evaluate Strategic Alternatives
Lee, MA -
December 15, 2015 -
Wave Systems Corp. (NASDAQ: WAVX), an enterprise security software provider, announced today that it has completed a financing agreement with Marble Bridge Funding Group, Inc. (MBFG) in the form of a secured accounts receivable and purchase orders financing facility of up to $3 million. The Company has also engaged GrowthPoint Technology Partners to advise it in evaluating its strategic alternatives, including potential M&A opportunities.
Advances on the accounts receivable facility will be made on qualified accounts receivable that are approved by MBFG. The duration of this facility is for 12 months with an automatic 12-month renewal unless Wave terminates the facility or is in default with MBFG.
Advances on the purchase order facility can be made on qualified purchase orders or contracts approved by MBFG that will convert into an account receivable within 45 days from funding. The duration of the purchase order facility is for 9 months or the termination of the credit facility, whichever occurs first.
Additionally, Wave issued a total of 5.5 million warrants to MBFG and its co-lender of Class A common stock at an exercise price of $0.15 per share. These warrants cannot be exercised for a period six months after the effective date of the transaction and will expire on the fifth anniversary of the issue date.
“Closing on this financing agreement is an important development for Wave as it provides capital to help finance current operations and was an important condition for us to engage a firm to advise us on pursuing our strategic alternatives,” said Bill Solms, President and CEO, Wave Systems Corp. “This type of financing facility is not new to Wave as the Company factored its royalties from Dell for several years. Wave is continuing to pursue raising additional capital to meet our needs as required.”
About Marble Bridge Funding Group
Marble Bridge Funding Group is a strategic commercial finance partner providing funding, capital strategies, cash-flow management, and advisory services to growth-driven entrepreneurial companies. As a privately held direct lender, Marble Bridge finances growing businesses from startups to companies with over $50 million in sales, with a variety of customized programs and services. Since 1997 Marble Bridge Funding Group has been working with bankers, brokers, CPAs, financial advisors, and local, state and federal agencies to provide capital and related financial services to our clients. We remain a visible presence in the community, assisting government and private institutions that serve small businesses.
About GrowthPoint Technology Partners
GrowthPoint Technology Partners provides M&A and financial advisory services to technology companies around the world. We have the depth of expertise acquired from hundreds of completed transactions. As former CEOs, founders, inventors, venture capitalists and advisors, we bring a wealth of strategic and financial experience to our clients with the sole objective of helping them achieve success. Headquartered in Silicon Valley, GrowthPoint has completed transactions with virtually all of the major technology companies and has client relationships that span the globe. Our uniqueness is the depth of our technology expertise and curiosity. Whether it is M&A, capital raising or strategic advisory services, we bring the same process expertise and focused commitment to every engagement.
5 Jahres Lizenzvertrag !
Wave Systems (WAVX) Reports 5-Year MLA for Virtual Smart Card 2.0 With Leading Global Financial Services Company
Wave Systems Corp. (NASDAQ: WAVX) announces a five-year master licensing agreement (MLA) with a leading global corporation (as determined by the 2015 Fortune Global 500 List) for its Virtual Smart Card 2.0 solution. This MLA sets the terms and pricing for licenses and maintenance across the customer's global organization and establishes it as their preferred two-factor authentication solution. Instead of one large license purchase for the entire organization, each of the customer's subordinate divisions will make separate orders in accordance with the terms of this MLA.
The first purchase of 2,000 VSC 2.0 licenses under this agreement, when added to a previous purchase, completes the requirement for the customer's global IT division. That division will now lead the internal effort to standardize the remaining 150,000+ endpoints within their organization with the new Wave VSC 2.0 solution. While there are no minimum order requirements under the agreement, discussions for additional orders are underway.
"Our five-year agreement with this customer is the first very large scale contract for VSC 2.0 and is an important milestone for Wave," said Bill Solms, President and CEO of Wave Systems. "This customer is a major global financial services company and their standards for protecting their systems from unauthorized access and the integrity of their data are of the highest order. Wave had to pass a very rigorous technical and business review to win the competition. We believe that this client's decision to choose Wave Virtual Smart Card 2.0 over their incumbent solution gives us tremendous credibility in the two-factor authentication market. We will remain engaged with this company in order to complete the additional sales and deployments in the months ahead."
Wave Virtual Smart Card 2.0 is a tokenless, hardware-based, two-factor authentication solution that offers superior security at less than half the cost of comparable solutions. It is the industry's only enterprise-grade virtual smart card management solution that works on Windows 7, 8 and 10. It also provides management support for the Microsoft Virtual Smart Card on Windows 8 and 10. Wave's VSC solution emulates the functionality of physical smart cards or tokens, but offers greater convenience to users, significantly lower total cost of ownership, and a greatly reduced risk of unauthorized access.