SuperCom (Nasdaq: SPCB), seller of secure-ID and secure payment solutions, has acquired Safend Ltd., provider of encryption and data theft protection software.

As a part of the deal, SuperCom will provide Safend with up to $1.5 million of working capital through a structured debt and equity vehicle. Safend was a division of Wave Systems Corp., a Cupertino, California, company that filed on Feb. 1 for liquidation under Chapter 7 of federal bankruptcy law.

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