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Nasdaq:SFNT
SafeNet,
Inc. operates in three business segments: Technology Operations, Product
Operations and European Operations. The Technology Operations segment designs
and manufactures products, chips and software for sale to companies that
will embed these products into their products for ultimate sale to end
users.
http://www.safenet-inc.com
SafeNet
Receives Stock Options Related Inquiries
BALTIMORE,
Maryland –May 18, 2006 - SafeNet, Inc. (NASDAQ: SFNT), setting the standard
for information security, today announced that it received a subpoena from
the office of the United States Attorney for the Southern District of New
York relating to the Company’s granting of stock options. The Company also
announced that it has received an informal inquiry from the Securities
and Exchange Commission requesting information relating to stock option
grants to directors and officers of the Company, as well as information
relating to certain accounting policies and practices. The Company is actively
engaged in responding to these requests, and will cooperate fully with
both offices.
SafeNet
Inc. Decides Not to Pursue Acquisition of nCipher
BALTIMORE, Maryland,
April 6, 2006 – SafeNet, Inc. (NASDAQ: SFNT), setting the standard for
information security, notes that on March 30, 2006, United Kingdom regulatory
authorities referred the proposed acquisition for nCipher plc for further
review, because SafeNet and nCipher are two of the largest suppliers of
Hardware Security Modules in the UK. As the additional review process involves
considerable expense and lasts for several months, SafeNet has decided
to abandon this transaction.
"SafeNet will continue its
leadership role in the hardware secure modules market," said Anthony Caputo,
CEO and Chairman, SafeNet Inc. "SafeNet's product portfolio for identity
management remains among the strongest in the industry and we will continue
our technology innovations to maintain that leadership position."
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