SafeNet Celebrates 25 Years as Information Security Leader

Mon Apr 7, 2008 8:00am EDT

* Reuters is not responsible for the content in this press release.

Company Holds Leadership Position in Every Security Market it
BALTIMORE--(Business Wire)--
On April 7, 1983, SafeNet, Inc. was founded by two security
engineers in Timonium, Maryland. Today, the Company celebrates its
25th anniversary as an information security leader.

   "Twenty five years in the information security industry is an
amazing achievement. We have succeeded through all kinds of economic
environments, in a business that demands continuous improvement," said
Chris Fedde, SafeNet's president and chief operating officer. "To make
it this far the professionals at SafeNet have consistently delivered
quality and innovation, and have always set industry and government
standards for high grade security. We are grateful to our customers
and partners for their support as we reach this milestone."

   As the demand for security advances, more industry experts,
regulators and customers view encryption as one of the core elements
needed to address demands for compliance and privacy. SafeNet's most
recent acquisition, Ingrian Networks, is in recognition of this need
and adds award-winning database application protection to SafeNet's
information security suite. With this acquisition, SafeNet becomes the
first vendor to offer a comprehensive Enterprise Data Protection
Solution that secures sensitive data across devices, applications,
networks, and databases.

   Originally established as Industrial Resource Engineering (IRE),
the Company made a name for itself selling enterprise network security
solutions to protect the public and private networks of financial
institutions. IRE expanded into the federal government sector and
became a fast-rising star in the information security industry.

   The Company was officially renamed SafeNet in 2001 after its
award-winning VPN product line. Combining strong organic growth with a
series of strategic acquisitions from 2001 to 2005, SafeNet increased
its revenue by a multiple of fifteen and became the world's seventh
largest information security company.

   In March of 2007, SafeNet was acquired for $634 million by Vector
Capital, a private equity firm based in San Francisco, Calif. Today,
the Company has more than 1,100 employees across 100 countries,
including a technology base of 500 security professionals. Serving
more than 10,000 customers, SafeNet is a top security provider to the
financial community, government community, the high-value software
industry and global corporations. SafeNet's revenue for 2007 exceeded
$300 million.

   About SafeNet, Inc.

   SafeNet is a global leader in information security. Founded 25
years ago, the company provides complete security utilizing its
encryption technologies to protect communications, intellectual
property and digital identities, and offers a full spectrum of
products including hardware, software, and chips. UBS, Nokia, Fujitsu,
Hitachi, Bank of America, Adobe, Cisco Systems, Microsoft, Samsung,
Texas Instruments, the U.S. Departments of Defense and Homeland
Security, the U.S. Internal Revenue Service and scores of other
customers entrust their security needs to SafeNet For more
information, visit

   Editor's Note: SafeNet is a registered trademark of SafeNet, Inc.
All other trademarks are the property of their respective owners.

SafeNet, Inc.
Public Relations:
Donna St.Germain, 443-327-1454
Analyst Relations:
Gregg Lampf, 443-327-1532

Copyright Business Wire 2008
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.