Main News Desk

SafeNet to acquire Ingrian Networks, Inc.

~ acquisition to strengthen SafeNet’s enterprise data protection business integrating solutions for data centres and client devices ~

London, UK - February 29, 2008

SafeNet, Inc., a global leader in information security, has announced that it has signed a definitive agreement to acquire Ingrian Networks, Inc., a leading provider of enterprise data protection and privacy solutions. This transaction is expected to close in three to four weeks.

“This acquisition enables SafeNet to offer enterprise data security for database and server centres, and to become the first enterprise data protection solutions vendor to provide comprehensive offerings for the data centres and client devices,” said Chris Fedde, SafeNet’s president and chief operating officer. “Ingrian complements SafeNet’s solutions and allows customers already purchasing identity and access management products, like hardware security modules (HSM), and disk and file encryption solutions like data at rest protection (DARP), to add more depth to their protection strategies and enhance their compliance posture.”

Ingrian has been a global leader in providing enterprise encryption within the data centre. Government agencies and some of the world’s most recognised corporations including Dell, Hyundai Motor and AIRMILES have deployed the company’s award-winning encryption solutions. Ingrian has also formed technology partnerships with a broad range of complementary market leaders, including Dell, HP, IBM, Microsoft and Oracle. They also have sales channel relationships with businesses throughout Europe and Asia.

“We are pleased to be joining SafeNet, an industry leader in information security,” said Michael Howard, CEO at Ingrian. “As organisations continue to invest in encryption technologies, they are looking to expand the benefits of enterprise data protection throughout the data centre and beyond the edge to mobile devices.”

As the market continues to mature from one primarily driven by PCI DSS (a security standard driven by the Payment Cards Industry) to one that more broadly protects sensitive data, SafeNet and Ingrian will be uniquely positioned with a proven technology. Industry analysts are projecting that new and existing government reforms, privacy laws and company mandates to secure sensitive financial and customer records are driving a large and fast-growing market. Certain analysts are recommending that organisations protect data using technology such as the database, file and mainframe encryption software provided by Ingrian. As such, enterprises are being encouraged to encrypt all credit card numbers, Social Security numbers, bank account numbers and other information that is deemed sensitive within two to three years.

“Threat levels for electronically stored and transmitted data are increasing and it is important for information security vendors to be able to provide comprehensive Data Leak Prevention (DLP) tools that are designed to work together and close gaps that could otherwise exist in protection schemes,” said Michael Suby, Director of Stratecast (a division of Frost & Sullivan). “In this way, SafeNet’s acquisition of Ingrian Networks, Inc. speaks to elements of the DLP synchronisation of functionality that Stratecast believes is important for organisations to deploy. Ingrian’s technologies complement SafeNet’s already broad offering allowing customers to protect and manage sensitive information at rest and in motion.”

SafeNet, already the leader in application encryption hardware with its HSM product line (including the recently released Luna XML) and endpoint protection with its Protect Drive and File products, will integrate the Ingrian’s Data Centre centric Database and file encryption products to offer a truly robust and scalable solution for the protection of Enterprise data. SafeNet will continue to work with its partners to ensure that emerging standards such as IEEE 1619 allow interoperability between vendor solutions, further protecting Enterprise investments. SafeNet also intends to enhance the product to meet the more rigorous security requirements of its government customers.

Executive quote

“This acquisition enables SafeNet to offer enterprise data security for database and server centres, and to become the first enterprise data protection solutions vendor to provide comprehensive offerings for the data centres and client devices,” said Chris Fedde, SafeNet’s president and chief operating officer. “Ingrian complements SafeNet’s solutions and allows customers already purchasing identity and access management products, like hardware security modules (HSM), and disk and file encryption solutions like data at rest protection (DARP), to add more depth to their protection strategies and enhance their compliance posture.”

About the company

SafeNet is a global leader in information security. Founded 25 years ago, the company provides complete security utilising 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 Defence and Homeland Security, the U.S. Internal Revenue Service and scores of other customers entrust their security needs to SafeNet. In 2007, SafeNet was acquired by Vector Capital, a $2 billion private equity firm specialising in the technology sector. For more information, visit www.safenet-inc.com.

SafeNet is a registered trademark of SafeNet, Inc. All other trademarks are the property of their respective owners.

Contact details

For further press information and photography please contact:
Tulna Shah or Steven George at LEWIS
Tel: +44 (0) 20 7802 2626
Fax: +44 (0) 20 7802 2627
safenet@lewispr.com
Internet: http://www.safenet-inc.com/

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