Wave Systems Corp. develops, produces and markets products for hardware-based digital security, including security applications and services that are complementary to, and work with, the specifications of the Trusted Computing Group (TCG). TCG is an industry standards organization comprised of computer and device manufacturers, software vendors and other computing products manufacturers. The specifications developed by the TCG are designed to address a broad range of current and evolving digital security issues. The company's products include the Wave EMBASSY, which provides digital security products and services; and Safend's, which provides endpoint data loss protection products and services. The company was founded by Peter Sprague on August 12, 1988 and is headquartered in Lee, MA.