Wave Systems Acquires Safend to Expand Security, Encryption Portfolio

Wave Systems acquired Safend, a provider of endpoint data loss prevention, including port and device control, encryption for removable media, content inspection and discovery. – Wave Systems has acquired Israeli company Safend for
approximately $12.8 million to expand its portfolio of security and encryption
The Cupertino Calif-based paid $1.1 million in cash and 5.2
million shares of Wave Systems common stock, valued at $2.214 per share to
close the deal, W…