Wave Systems Secures $11,118,617 New Financing Round

  • Feed Type
  • Date
    10/6/2011
  • Company Name
    Wave Systems
  • Mailing Address
    480 Pleasant Street Lee, MA 01238
  • Company Description
    Wave Systems is a leading provider of client and server software for hardware-based digital security, enabling organizations to know who is connecting to their critical IT infrastructure, protect corporate data, and strengthen the boundaries of their networks.
  • Website
    http://www.wave.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $11,118,617
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Wave Systems Corp. issued shares of its Class A common stock to the shareholders of Safend Ltd. in connection with its acquisition of all of the outstanding share capital of Safend Ltd.
  • M&A Terms
  • Venture Investor
    Undisclosed

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  • This was not a fund raising exercise – but merely relates to stock that was issued in the purchase of Safend. The Form D filing has caused some confusing reporting of the share issuance, making it sound like venture funding when in fact it related to M&A activity BY Wave Systems.