{"schema":"rootz.ai/sec-company/v1","layer":1,"cik":"0000919013","name":"Wave Systems Corp.","summary":"Hardware-based digital security company. Founding member of Trusted Computing Platform Alliance (TCPA, 1999) and its successor the Trusted Computing Group (TCG, 2003). Developed EMBASSY platform for TPM chip management. Permanent TCG board member alongside AMD, HP, IBM, Intel, Lenovo, Microsoft, Oracle. Software shipped on 500M+ PCs via Dell, Acer, HP, Lenovo. Peak market cap exceeded $1.8B in March 2000. CEO Steven Sprague served 14 years as principal industry evangelist for trusted computing.","people":[{"name":"Steven Sprague","role":"Board of Directors","role_type":"board","period_start":"1999","period_end":"2014","notes":"President then CEO of Wave Systems for 14 years. One of the original founders of TCG. Principal industry evangelist for trusted computing. Later founded Rivetz Corp."},{"name":"Nolan Bushnell","role":"Board of Directors","role_type":"board","period_start":"1999","period_end":null,"notes":"Founder of Atari and Chuck E. Cheese. Wave Systems board member."},{"name":"George Gilder","role":"Board of Directors","role_type":"board","period_start":"1999","period_end":null,"notes":"Author, technology futurist. Wave Systems board member."},{"name":"John E. Bagalay, Jr.","role":"Board of Directors","role_type":"board","period_start":"1999","period_end":null,"notes":"Wave Systems board member."},{"name":"Philippe Bertin","role":"Board of Directors","role_type":"board","period_start":"1999","period_end":null,"notes":"Wave Systems board member."},{"name":"John E. McConnaughy, Jr.","role":"Board of Directors","role_type":"board","period_start":"1999","period_end":null,"notes":"Wave Systems board member."},{"name":"Steven Sprague","role":"President","role_type":"executive","period_start":"1999","period_end":"2000","notes":"President then CEO of Wave Systems for 14 years. One of the original founders of TCG. Principal industry evangelist for trusted computing. Later founded Rivetz Corp."},{"name":"Steven Sprague","role":"CEO","role_type":"executive","period_start":"2000","period_end":"2014","notes":"President then CEO of Wave Systems for 14 years. One of the original founders of TCG. Principal industry evangelist for trusted computing. Later founded Rivetz Corp."},{"name":"William Solms","role":"CEO","role_type":"executive","period_start":"2014","period_end":null,"notes":"Final CEO of Wave Systems."},{"name":"Peter J. Sprague","role":"Founder & Chairman & CEO","role_type":"founder","period_start":"1988-02-12","period_end":"2000","notes":"Founded Wave Systems (as Indata Corp) in 1988. Chairman and CEO."},{"name":"Steven Sprague","role":"CEO & Co-Founder, Rivetz Corp","role_type":"founder","period_start":"2014","period_end":null,"notes":"President then CEO of Wave Systems for 14 years. One of the original founders of TCG. Principal industry evangelist for trusted computing. Later founded Rivetz Corp."}],"products":[{"name":"EMBASSY (EMBedded Application Security SYstem)","type":"platform","description":"Core hardware/software security platform. Programmable system-within-a-system for secure storage, authentication, and transaction processing."},{"name":"EMBASSY Trust Suite","type":"software","description":"Enterprise TPM management and deployment software. Shipped via Dell, Acer, HP, Lenovo."},{"name":"EMBASSY Security Center","type":"software","description":"Client-side security management for end users."},{"name":"EMBASSY Remote Administration Server (ERAS)","type":"software","description":"Enterprise-scale TPM deployment and management."},{"name":"WaveMeter","type":"software","description":"Digital content metering/DRM system. Early product, pre-TCPA era."},{"name":"WaveNet","type":"platform","description":"Central transaction processing network for content metering."},{"name":"WaveXpress","type":"joint_venture","description":"Joint venture with Sarnoff Corp for secure DTV content distribution."}],"partnerships":[{"partner_name":"Compaq Computer","partnership_type":"development","description":"TCPA Trusted Client co-development. Joint announcement Aug 22, 2000.","start_date":"2000-08-22"},{"partner_name":"Advanced Micro Devices (AMD)","partnership_type":"development","description":"First Wave/AMD TCPA-compliant Trusted Client PC reference platform. Demonstrated Nov 13, 2000.","start_date":"2000-11-13"},{"partner_name":"National Semiconductor","partnership_type":"licensing","description":"Licensed cryptographic technology from Wave for TCPA security co-processor. Announced Aug 22, 2000.","start_date":"2000-08-22"},{"partner_name":"Infineon Technologies","partnership_type":"development","description":"Joint TPM promotional activities. EMBASSY services on Infineon TPM.","start_date":"2002"},{"partner_name":"Dell","partnership_type":"OEM","description":"Shipped Wave EMBASSY Trust Suite on business PCs.","start_date":"2005"},{"partner_name":"Acer","partnership_type":"OEM","description":"License agreement. 4-5 million copies of software per quarter.","start_date":"2008"},{"partner_name":"HP / Hewlett-Packard","partnership_type":"development","description":"Strategic alliance (1998) for HP VerSecure in EMBASSY architecture.","start_date":"1998"},{"partner_name":"Lenovo","partnership_type":"OEM","description":"Distribution partner for EMBASSY Trust Suite.","start_date":"2008"},{"partner_name":"Samsung Electronics","partnership_type":"component","description":"TPM chip + Wave software bundling.","start_date":"2008"},{"partner_name":"Intel","partnership_type":"component","description":"Selected Wave to manage SSD security. Joint TPM initiatives.","start_date":"2009"},{"partner_name":"Seagate","partnership_type":"component","description":"Self-encrypting drive management.","start_date":"2009"},{"partner_name":"STMicroelectronics","partnership_type":"licensing","description":"TPM licensing for complete trusted computing solution.","start_date":"2004"},{"partner_name":"Giesecke & Devrient","partnership_type":"strategic","description":"Strategic partnership for enhanced trusted computing security solution. Announced Apr 12, 2005.","start_date":"2005-04-12"},{"partner_name":"NEC Computers International","partnership_type":"OEM","description":"Trusted PC product bundling EMBASSY smartcard reader.","start_date":"2002"},{"partner_name":"Sarnoff Corporation","partnership_type":"joint_venture","description":"WaveXpress joint venture for secure DTV content. 40% Sarnoff / 60% Wave.","start_date":"1999-04"},{"partner_name":"RSA Data Security","partnership_type":"technology","description":"Security technology relationship.","start_date":"1998"},{"partner_name":"Cyber-COMM","partnership_type":"licensing","description":"French banking consortium. Licensed EMBASSY for European smart card readers.","start_date":"1999-09"}],"affiliations":[{"organization":"Trusted Computing Platform Alliance (TCPA)","role":"founding_member","start_date":"1999-11-19","source_description":"Listed on founding conference member list, IBM press release Nov 19, 1999 (Houston, TX). 70+ companies joined."},{"organization":"Trusted Computing Group (TCG)","role":"founding_member","start_date":"2003","source_description":"NBC/PRNewswire 2009: \"Wave is a founding member of the TCG, a consortium of more than 100 companies\""},{"organization":"Trusted Computing Group (TCG)","role":"permanent_board_member","start_date":"2003","source_description":"TCG website + Wikipedia. Permanent board alongside AMD, Fujitsu, HP, IBM, Infineon, Intel, Lenovo, Microsoft, Oracle."}],"origin":{"leaf":"873fb16631f9258fb7d055fa751a7accdc4af32434a3409733f748253abc1d68","parent":"7a2badf810b58e580de0b6b029dc70d8af58764f35bada18191101cb498f70f0","timestamp":"2026-08-18T01:45:08.263Z","source":"0001047469-99-038521, 0000912057-00-012855, 0000912057-00-017464, 0000912057-01-506188, 0001047469-03-011282","chain":"SEC.gov PEM > origin.rootz.global extraction > this response","registry":"origin.rootz.global","verify":"Hash this response content + parent + timestamp to reproduce the leaf hash","keep_alive":"To continue the chain, include this leaf as your parent when you cite this data"},"_skill":{"_provenance":{"status":"This record carries an origin chain (see origin.leaf) traceable to an SEC-signed source. 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