Micron Technology and Wave Systems Collaborate to Secure Connected Devices Against Emerging Threats
April 15 2014 - 5:00AM
BOISE, Idaho and LEE,
Mass., April 15, 2014 (GLOBE NEWSWIRE) -- Micron Technology, Inc.
(Nasdaq:MU), a global leader in advanced semiconductor systems, and
Wave Systems Corp. (Nasdaq:WAVX), a leading provider of endpoint
security, today announced they are expanding their relationship to
develop solutions designed to strengthen user protection against
current and emerging threats to compute and embedded
platforms.
Given the pervasive connectivity associated with cloud computing
and data/asset management models, it is becoming even more critical
to architect comprehensive security solutions that leverage close
integration of software and hardware components. This collaboration
is focused on the detection and remediation of advanced persistent
threats (APTs), the most advanced forms of malware capable of
infecting a wide array of IP-connected devices.
Security breaches from laptops, cell phones and other portable
devices involved almost 1.5 million records in 2013. Of the total
number of breaches, 37% involved an unknown number of records, so
the actual number could easily be 2 million or more. (Source,
Greenview Data, 2013).
"The many benefits of increased connectivity with IP-connected
devices create a new class of threats. We're pleased to collaborate
with Wave because they have pioneered innovative approaches in the
early detection of APTs," said Andreas Schlapka, director of
Micron's client segment.
"We're pleased to be working with Micron in developing advanced
solutions that combine hardware and software security protection,"
said Wave CEO Bill Solms. "Our expanded agreement will allow us to
build on our existing software solutions and take security of
client applications to the next level."
The collaboration expands on the two companies' ongoing activities
around management for Micron's self-encrypting SSD drives.
Together, Micron and Wave deliver advanced data protection for
large corporations, as well as state and federal
governments-without cumbersome workflow interruptions or decreased
performance.
The companies are targeting the second half of 2014 for future
announcements regarding products in development.
About Micron
Micron Technology, Inc., is a global leader in advanced
semiconductor systems. Micron's broad portfolio of high-performance
memory technologies-including DRAM, NAND and NOR Flash-is the basis
for solid state drives, modules, multichip packages and other
system solutions. Backed by more than 35 years of technology
leadership, Micron's memory solutions enable the world's most
innovative computing, consumer, enterprise storage, networking,
mobile, embedded and automotive applications. Micron's common stock
is traded on the NASDAQ under the MU symbol. To learn more
about Micron Technology, Inc.,
visit www.micron.com.
The Micron Technology, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6950
About Wave Systems Corp.
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 hardware security
capabilities built directly into endpoint computing platforms
themselves. Wave has been among the foremost experts 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.
CONTACT: Micron Media Contact:
Karl Stetson
Zeno Group
206.297.5943
Karl.stetson@zenogroup.com
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Source: Micron Technology, Inc. via Globenewswire
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