SafeNet

Last updated
SafeNet, Inc.
Company type Subsidiary
Industry Information security
Founded1983;41 years ago (1983), in Timonium, Maryland
Headquarters,
United States
Area served
Worldwide
Products Encryption, Semiconductor IP, software monetization, Software as a Service, hardware security modules, authentication, security tokens
Number of employees
1,600 (2011)
Parent Thales Group
Divisions Data Protection, Software Monetization
Website cpl.thalesgroup.com

SafeNet, Inc. was an information security company based in Belcamp, Maryland, United States, which was acquired in August 2014 by the French security company Gemalto. Gemalto was, in turn, acquired by Thales Group in 2019. The former SafeNet's products include solutions for enterprise authentication, data encryption, and key management. SafeNet's software monetization products are sold under the Thales Sentinel brand.

Contents

SafeNet was notably one of the largest suppliers of encryption technology to the United States Government. [1]

On 8 August 2014, Gemalto announced that it had signed a definitive agreement to acquire 100% of the share capital of SafeNet from Vector Capital for US$890 million on a debt free/cash free basis. [2] A subsequent acquisition of Gemalto by French rival Thales Group was completed on 2 April 2019. [3]

History

Current and former subsidiaries

The former Rainbow Technologies subsidiary SafeNet Government Solutions, formerly SafeNet Mykotronx, is still based in Torrance, California with offices in Irvine, California and Columbia, Maryland. [20] The company was founded in 1979 as Myko Enterprises. It changed its name to Mykotronx, Inc in 1987 and merged with SafeNet as part of the SafeNet merger with Rainbow in 2004. [21] SafeNet Government Solutions, LLC has been operationally merged into SafeNet and the lines between the two organizations have been intentionally blurred due to financial reasons. SafeNet Government Solutions is no longer considered a subsidiary. SafeNet Government Solutions provides information security and communications security technology for the US government. The firm has an indefinite-delivery, indefinite-quantity contract for its KIV-7 line of commercial off-the-shelf cryptographic devices that provide protection for digital and voice communications through TOP SECRET, used by agencies such as the National Security Agency (NSA) and the National Reconnaissance Office. [22] Other products include the KOV-14 Fortezza Plus PC card which was developed as part of the NSA's NSSI program and is used on Secure Terminal Equipment. [23] They previously developed the Clipper chip. [24] [25]

In 2009, Vector Capital acquires Aladdin Knowledge Systems, and placed it under SafeNet with the annotation of 'under common management'. In 2010, the two companies were officially merged.

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References

  1. Roseanne Gerin (2005-04-10). "SafeNet wins DOD network security deal". Washington Technology Magazine. Retrieved 2008-12-08.
  2. "Gemalto to acquire SafeNet, the worldwide leader in data and software protection". 2014-08-08. Retrieved 2014-08-13.
  3. "Thales Completes Acquisition of Gemalto to Become a Global Leader in Digital Identity and Security, Extending U.S. Footprint" (Press release).
  4. "Coup fails". 11 July 1998.
  5. EETimes (2003-02-28). "EETimes - SafeNet acquires assets of Raqia Networks -". EETimes. Retrieved 2020-09-17.
  6. "SSH sells its OEM business to SafeNet". 2003-10-14. Archived from the original on 2006-11-28. Retrieved 2008-12-03.
  7. "SafeNet, Inc. Announces Close of Merger with Rainbow Technologies". 2004-03-14.
  8. EETimes (2005-03-25). "EETimes - SafeNet to acquire software provider -". EETimes. Retrieved 2020-09-17.
  9. GmbH, finanzen net. "SafeNet Completes Acquisition of Eracom Technologies AG | Markets Insider". markets.businessinsider.com. Retrieved 2020-09-17.
  10. Jones/Associated, Dow (October 19, 2006). "SafeNet Is Roiled by Options Inquiry". The New York Times. Retrieved 2013-11-21.
  11. Graybow, Martha (28 January 2008). "Ex-Safenet CFO gets prison term in options case". reuters.com.
  12. "Cost of Backdating: Six Months, $1 Million". 2008-01-30. Retrieved 2013-11-21.
  13. "SafeNet sold, goes private". 2007-04-13.
  14. "Aladdin Knowledge Systems Completes Merger with Vector Capital Affiliate" (PDF). 2009-03-24. Archived from the original (PDF) on 2009-04-19. Retrieved 2010-06-02.
  15. "SafeNet to Acquire Assured Decisions, LLC". Bloomberg News . 2009-12-23.
  16. "Raytheon Acquires SafeNet Inc". finance.yahoo.com. 13 December 2012. Retrieved 2020-09-17.
  17. "Gemalto Buys SafeNet for $890 Million". WSJ.com. 2014-08-08. Retrieved 2015-01-09.
  18. "SafeNet Assured Technologies, LLC Formally Launches U.S. Based Business". 2015-02-09.
  19. "Thales buys Gemalto". 2019-04-02.
  20. "SafeNet Offices - North America".
  21. "About SafeNet Mykotronx".
  22. "KIV-7 Family". Federation of American Scientists.
  23. "Mykotronx wins defense card work".
  24. "INFORMATION ABOUT THE CLIPPER WIRETAP CHIP".
  25. Neumann, Peter G. (21 April 1993). "THE CLIPPER CHIP: A TECHNICAL SUMMARY". The Risks Digest. 14 (52).