Wave Receives $5.7 Million in Software License and Maintenance Orders for a Global Automaker
Initial $1.9 Million in Orders Delivered in December 2009
Wave Systems Corp. (NASDAQ:WAVX ) today announced that it has received a series of significant license and maintenance orders for its EMBASSY® Remote Administration Server (ERAS) software for a U.S.-based automotive company for managing its worldwide employees' laptop computers equipped with hardware-based, self-encrypting drives for the protection of sensitive customer, financial, competitive and other confidential data.
The orders were received by Wave through an OEM partner in late December and total approximately $5.7 million. On average, the orders account for tens of thousands of new licenses per year for each of the next three years, along with maintenance orders for each of the next five years.
- Published: 05 January 2010
- Written by Editor