Wave Systems (WAVX) Appoints Industry Vet Robert Frankenberg to Board

December 21, 2011 8:32 AM EST
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Wave Systems Corp. (Nasdaq: WAVX), has named Robert Frankenberg to the company's Board of Directors, increasing Wave's Board to six members.

Frankenberg's decades of management experience in the software industry will help guide the company's business development strategy across key verticals including government, technology, healthcare, financial services, industrial and energy.

Frankenberg heads NetVentures, a management consulting firm he founded that focuses on the high tech industry. He was previously chairman of Kinzan, a leading provider of Internet services platforms that was sold in 2004. He served for four years as chairman, president, and CEO of eBusiness software and services provider Encanto Networks through the sale of its major business to Avaya. And for three years Mr. Frankenberg was Chairman and CEO of Novell, one of the largest networking software companies in the world, where he lead the businesses through a major strategy change.

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