Customers Embrace SafeNet's Vision for Software Anti-piracy and Digital Rights Management
Baltimore, MARYLAND -SafeNet (NASDAQ: SFNT), a leading provider of private and public network security solutions that set the standard for securing virtual private and wide area networks, today announced new initiatives for its Sentinel brand of Software Protection and License Management products, now part of the company which merged with Rainbow Technologies on 15 March, 2004. As a testament to the importance of the Sentinel business and the belief that it will continue to contribute to SafeNet's growth, SafeNet has established a new Sentinel Business Unit.
"Our mission is to build on Sentinel's position as the leading vendor of software anti-piracy and to be the worldwide leader, providing comprehensive solutions for software protection and digital rights management," said Anthony A. Caputo, chairman and CEO of SafeNet. "We see these markets as having tremendous growth potential and are committed to investing in Sentinel as a core element in SafeNet's overall business strategy. Creation of the business unit, which combines all key sales, marketing, engineering, and customer support functions, allows us additional focus to capitalise on this growth opportunity."
"Our vision for Sentinel is founded on alignment with customers' requirements and values, product and process innovation, and a focus on ensuring our customer's business success," said Prakash Panjwani, vice president and general manager for the Sentinel Business Unit. "We have the strong financial position and depth of distribution, as well as the abundance of technical know-how to ensure that our vision for Sentinel is met."
With over 35 million client applications protected around the world, Sentinel secures more applications than any other vendor. Sentinel includes hardware keys for anti-piracy, software based license management solutions, as well as offerings for digital rights management application.
"We have relied on SafeNet's Sentinel technology for years and are pleased with both the continuation of the company's commitment to promoting Sentinel and its future plans for the product line. The Sentinel roadmap indicates new features that will address our growing need for license management across all of our products," said Stephen Brehm, project manager, R&D Engineering Services at SPSS Inc. "We view Sentinel as a great fit for our future license management requirements, particularly in providing advanced capabilities to our customers on all operating systems."
"The combined company resources for SafeNet are very strong," said Pat Grogan, vice president, Operations for NewTek, a leading provider of full-featured video editing, animation and special effects tools. "We're pleased that SafeNet has quickly stepped forward to share its enthusiasm for the product line and to state emphatically that this is a core business for the company."
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About SafeNet, Inc.
SafeNet, Inc. (NASDAQ: SFNT), a leading provider of private and public network security solutions, has set the industry standard for VPN technology and secure business communications and offers the only encryption platform for both WAN and VPN networks. With more than 20 years experience in developing, deploying and managing network security systems for the most security-conscious government, financial institutions and large enterprise organisations around the world, SafeNet's proven technology has emerged as the de facto industry standard for VPNs. SafeNet is the single-source vendor for WAN and VPN security solutions teamed with an easy and low-cost migration path to a broad range of VPN products. SafeNet security solutions, based on SecureIP TechnologyT, and part of the CGX Security Platform, have become the products of choice for leading Internet infrastructure manufacturers, service providers and security vendors. Securing the infrastructure of today's e-business communications as well as leading the way in government Homeland and classified data security, SafeNet has opened new markets for interoperable, secure and deployable VPN communications. Commercial customers include Texas Instruments, Microsoft, Samsung, Centillium Communications, ARM and Cisco Systems. Government, financial and large enterprise customers include the National Security Agency, Federal Bureau of Investigation, U.S. Postal Service, U.S. Department of Defense, U.S. Internal Revenue Service, Social Security Administration, Bank of America, Eastman Kodak, Hewlett-Packard and Motorola. For more information, visit http://www.safenet-inc.com/.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include contract termination risks, risks associated with acquiring other companies, including integration risks, and other risks described in SafeNet's Securities and Exchange Commission filings.
Editor's Note: SafeNet is a registered trademark SecureIP Technology is a trademark of SafeNet, Inc. All other trademarks are the property of their respective owners.
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