SafeNet Inc. Completes Sale of Government Solutions Business Unit
Sharpens Focus on Data Protection and Rights Management
BALTIMORE -- December 12, 2012
SafeNet, Inc., a global leader in data protection, today announced it is
increasing its focus on data protection and rights management for enterprise
customers following the sale of its Government Solutions business unit to
Raytheon Company. Financial terms of the agreement were not disclosed.
In November, SafeNet announced that it was divesting government solutions that
were largely defense related to focus on the company’s data protection and
rights management portfolios. In addition to its enterprise customers, SafeNet
will continue to provide government customers with its high-assurance data
protection solutions, delivering strong authentication, key management,
information sharing, and intelligent encryption necessary to protect critical
data as the government migrates from the data center to the virtual data
center and to the cloud.
Dave Hansen, SafeNet’s President and Chief Executive Officer, stated “All of
our data protection and rights management customers will benefit from today’s
announcement, whether they are commercial, critical infrastructure, or
government enterprises. It will enable us to continue to sharpen our focus and
extend our leadership in the explosive growth markets of data protection for
cloud and virtual environments, and security from the cloud.”
SafeNet’s recent product introductions include SafeNet Authentication Service,
a pure cloud, strong authentication platform; ProtectV, a high-assurance
solution for securing cloud and virtual infrastructure and related data;
SentinelCloud, cloud-based software licensing management; StorageSecure, the
market’s only multi-gigabit storage data protection appliance; and KeySecure,
providing enterprise-scale key management for on-premise, cloud, and mobile
environments. In addition, SafeNet has announced several cloud-related
strategic alliances with VMware (NYSE: VMW), Amazon Web Services (NASDAQ:
AMZN), and NetApp (NASDAQ: NTAP).
About SafeNet, Inc.
Founded in 1983, SafeNet, Inc. is one of the largest information security
companies in the world, and is trusted to protect the most sensitive data for
market-leading organizations around the globe. SafeNet’s data-centric approach
focuses on the protection of high value information throughout its lifecycle,
from the data center to the cloud. More than 25,000 customers across
commercial enterprises and government agencies trust SafeNet to protect and
control access to sensitive data, manage risk, ensure compliance, and secure
virtual and cloud environments.
Michele Loguidice, 443-327-1409
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