Press Release |
SafeNet Celebrates 25 Years as Information Security Leader
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Company Holds Leadership Position in Every Security Market it Serves 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 www.safenet-inc.com. 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 email@example.com www.safenet-inc.com or Analyst Relations: Gregg Lampf, 443-327-1532 firstname.lastname@example.org www.safenet-inc.com Copyright Business Wire 2008