Wave Systems Corp. (Wave) develops, produces and markets products for hardware-based digital security, including security applications and services that are complementary to and work with the specifications of the Trusted Computing Group (TCG), an industry standards organization consisted of computer and device manufacturers, software vendors and other computing products manufacturers. Specifications developed by the TCG are designed to address a range of digital security issues. These issues include identity protection, data security, digital signatures, electronic transaction integrity, platform trustworthiness, network security and regulatory compliance. On September 22, 2011, the Company completed its acquisition of Safend Ltd.