The server activates the German chemical company’s self-encrypting drives (SEDs) for PCs and laptops in seconds, sets security policies and protects data if a laptop goes missing.

SEDs, which are built in solid state or traditional rotating disks, are among the most secure, transparent and high speed encryption options available, said the company.

Joseph Souren, VP at Wave Systems, said the partnership ensures that data is always safe, even if a device is lost or stolen.

"Thanks to a strong partnership with the BASF’s IT Governance and Information Services groups, Wave and BASF were able to complete the deployment of a fully-managed, hardware-based encryption solution across a hundred thousand endpoints in record time," he explained.

BASF, the portfolio of which includes chemicals, plastics, performance products, oil, and agricultural products, has extended its license with Wave until 2015.

Steven Sprague, CEO and president of Wave Systems, said: "This collaboration is yet another example of Wave’s ability to bring our world-class solutions to customers of every size, across a variety of industries."