BALTIMORE--(Business Wire)--
SafeNet, Inc., a global leader in information security, now affiliated under
common management with Aladdin Knowledge Systems, today announced that Mr. Mark
A. Floyd has joined SafeNet as Chief Executive Officer (CEO).
Mr. Floyd joined the executive management team at SafeNet July 1st, assuming a
position that had been vacant since October of 2006.
"Mark brings more than 30 years of executive leadership to our company, with
experience that complements our management team and company goals superbly. His
successes range from founding his own company to running multi-billion dollar
technology organizations to public offerings," said Chris Fedde, President and
COO, SafeNet. "This is a true case of adding strength to strength, with Mark`s
expertise and understanding of growing business building on SafeNet`s position
in the information security market. This is the combination that will meet our
strategic goals for SafeNet`s future."
Previously, Mr. Floyd served as CEO of Entrisphere, a communications equipment
provider, which was successfully sold to Ericsson in 2007. Prior to that, Mr.
Floyd was the founder and CEO of Efficient Networks, a leading
telecommunications equipment company specializing in Digital Subscriber Lines
(DSL), which he took public and later sold to Siemens for $1.7 billion. Most
recently, Mr. Floyd was a Partner with El Dorado Ventures. He currently serves
as the Chairman of Tekelec (Nasdaq:TKLC) and is also on the Board of Riverbed
Technology, Inc. (Nasdaq:RVBD) and Cyan Optics, Inc.
Mark Floyd commented, "What really attracted me to SafeNet was the unique
combination of scale and intellectual property advantage along with an extremely
talented management team and employee base. The company is truly a leader in a
dynamic sector, selling the most important products to the most security
conscious commercial and government customers in the world. With that platform,
I think we can do incredible things to drive and grow this business and I feel
very fortunate to be part of the team to lead this effort."
"More than a year ago, the Board embarked on a highly selective executive search
hopeful to find a great complement to SafeNet`s strong executive management
team," said David Fishman, Partner, Vector Capital. "With nearly $500 million in
revenue, SafeNet is the third largest provider of information security in the
world with leadership positions across all segments of its business, including
rights management and enterprise data protection. We believe Mark`s proven
achievements in leading companies of this size will be valuable as we continue
to take advantage of the robust growth opportunities afforded by this dynamic
market. We also believe it sends a strong message of commitment to all of our
employees, customers and partners."
About SafeNet and Aladdin Knowledge Systems
In 2007, SafeNet was acquired by Vector Capital, a $2 billion private equity
firm specializing in the technology sector. Vector Capital acquired Aladdin in
March of 2009, and placed it under common management with SafeNet. Together,
these leading global companies are the third largest information security
company in the world, and brings to market integrated solutions required to
solve customers` increasing security challenges. SafeNet`s encryption technology
solutions protect communications, intellectual property, and digital identities
for enterprises and government organizations. Aladdin`s software protection,
licensing, and authentication solutions protect companies` information, assets
and employees from piracy and fraud. Together, SafeNet and Aladdin have more
than 50 years of security expertise in more than 100 countries around the world.
Aladdin is expected to be fully integrated into SafeNet in the future. For more
information, visit www.safenet-inc.com or www.aladdin.com.
Editor's Note: SafeNet is a registered trademark of SafeNet, Inc. All other
trademarks are the property of their respective owners.
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SafeNet, Inc.
Public Relations:
Donna St.Germain, 443-327-1454
donna.stgermain@safenet-inc.com
or
Analyst Relations:
Gregg Lampf, 443-327-1532
gregg.lampf@safenet-inc.com
Copyright Business Wire 2009
