PingIdentity

Ping Identity and Wave Systems Collaborate to Provide Strong Authentication for Federated Single Sign-On

Digital ID World Demonstrations will Showcase Standards-Based Trusted Platform Module Capabilities, Public Key Infrastructure (PKI) Security and Identity Federation



San Francisco, CASeptember 24, 2007 (Digital ID World, Booth #507)Ping Identity, a market leader in secure Internet single sign-on, and Wave Systems Corp. (NASDAQ:WAVX), a leader in trusted computing applications and services, today announced that they are demonstrating how their respective, standards-based products can be integrated to provide strong multifactor authentication of individual identity and then federate that identity from the desktop to any standards-based Web application. The combined solution can allow enterprise customers to seamlessly achieve stronger user authentication security and single sign-on access to data and services inside and outside the enterprise network.

Ping Identity’s PingFederate® is a federated identity server for enabling secure Internet single sign-on to online services for employees, customers and business partners; it provides bundled adaptors for streamlined integration with identity management systems, packaged enterprise applications, home-grown web applications and popular SaaS services. Installed in over 100 Fortune 500 companies, service providers and government agencies, PingFederate provides secure Internet single sign-on via support for the SAML and WS-Federation standards.

Visitors to Wave’s booth will see how Wave’s EMBASSY® Trust Suite software, designed to manage the security features of an open standards hardware security chip called a Trusted Platform Module (TPM) can strengthen single sign-on, including multifactor authentication support, and be used in conjunction with PingFederate.

TPMs, now shipping on most enterprise-class PCs today, serve as a hardware "storage vault" protecting identity types. When a user authenticates to his or her PC, the digital identity certificate, protected by the TPM, is used to provide strong authentication to the enterprise network using his or her Active Directory domain identity. This capability represents a significant step forward in replacing passwords and making standards-based multi-factor authentication easy, less expensive and more secure.

Combined, PingFederate and Wave’s EMBASSY Trust Suite can allow PKI-based authentication, protected by the TPMs, to be leveraged in single sign-on to both internal and external websites, data and services.

“Together, Wave Systems and Ping Identity unlock many the valuable of security features already built into many enterprise laptop and desktop computers," according to Andre Durand, CEO, Ping Identity. "For the first time, an enterprise can enable secure PKI, smartcard or biometrically-based single sign-on directly from the desktop. The combined solution creates a seamlessly unbroken chain of security from the end-user all the way through to the Internet, while simultaneously delivering on the user convenience of single sign-on."

"There are estimates that nearly 100 million PCs are in the marketplace with TPMs onboard, and the growth that installed base is accelerating. That’s five years of shipping platforms based on the open standards of the Trusted Computing Group. Enterprises can now more easily realize the enhanced security benefits that this security hardware was designed to provide," said Steven Sprague, CEO and President, Wave Systems.  "Ping Identity and Wave are demonstrating the power that comes from combining the security of Trusted Computing standards with the flexibility and connectivity provided by Identity Federation."

Where, When:
Wave Systems and Ping Identity will be demonstrating this solution in the Wave booth (#507) at the Digital ID World Conference, at the Hilton San Francisco, September 24th-26th, 2007. More information on Ping Identity’s products is available at www.pingidentity.com and for Wave Systems’ EMBASSY products, visit www.wave.com.

About Ping Identity Corporation
Ping Identity is uniquely dedicated to delivering Internet-Scale Identity management software and services to organizations and individuals worldwide. Over 100 large enterprises, service providers and government agencies rely on PingFederate, the industry benchmark for standards-based federated identity management, to secure, protect and control their identity interactions with other organizations. Now, SignOn.com brings these same capabilities to individuals. For more information, please visit www.pingidentity.com, dial toll-free 877.898.2905 or + 1 303.468.2882, or email sales@pingidentity.com.


Wave Logo

About Wave Systems Corp.

Wave is a pioneer in hardware-based PC security that provides software to help solve critical enterprise PC security challenges such as data protection, strong authentication, network access control and the management of these enterprise functions.  Wave is a founding member of the Trusted Computing Group (TCG), a consortium of more than 100 companies that forged open standards for hardware security.  Wave’s EMBASSY® line of client- and server-side software leverages and manages the security functions of the TCG’s industry standard hardware security chip, the Trusted Platform Module (TPM) as well as hard drives that comply with TCG’s “Opal” self-encrypting drive (SED) standard.  Self-encrypting drives are a growing segment of the data protection market, offering increased security and better performance than most existing software-based encryption solutions.  TPMs are standard equipment on many enterprise-class PCs shipping today and have shipped on an estimated 300 million PCs worldwide.  Using TPMs and/or SEDs and Wave software, enterprises can substantially and cost-effectively strengthen their current security solutions.  Visit http://www.wave.com for more information.

Safe Harbor for Forward Looking Statements

Under the Private Securities Litigation Reform Act of 1995. This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company’s financing plans; (ii) trends affecting the company’s financial condition or results of operations; (iii) the company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

All brands are the property of their respective owners.

All brands are the property of their respective owners

For more information please contact:

Company:
Wave Systems Corp.
Michael Wheeler
413-243-7026
mwheeler@wave.com
Wave Media Contact:
Schwartz Communications
Michael Schultz / Tiffany Archambault
781-684-0770
wave@schwartz-pr.com
Wave Investor Relations Contact
David Collins, Ratula Roy
Catalyst Global LLC
212-924-9800
wavx@catalyst-ir.com

 


Stay up-to-date on news relating to Wave. Join our email list by putting your email address in the space below.