SafeNet Announces OEM/Networking Business Unit
Team to capitalize on the success of partnerships and growth opportunities
BALTIMORE, Md. July 21, 2004 SafeNet (NASDAQ: SFNT), setting the standard for information security, today announced the creation of an OEM/Networking business unit and appointed Henk Pruim as Vice President and General Manager.
The OEM/Networking business unit will remain part of SafeNet's Embedded Security Division, reporting to David Potts, Senior Vice President and General Manager. Modeled after the recently created SafeNet's Rights Management business unit, this new business unit will focus on SafeNet chips, Intellectual Property and software toolkits to the networking markets. The team will be responsible for all key sales, marketing, development, and customer support functions.
"Our OEM/Networking business has been identified as an area with terrific business opportunities," said Anthony A. Caputo, Chairman, and CEO of SafeNet. "By creating this business unit we assembled a team of people who will totally focus on product offerings and market growth. Henk Pruim has years of industry experience and is very familiar with all aspects of our global business. The contributions he has made to SafeNet and our shared vision, make him the right person for this key position."
Pruim was President of SafeNet's Netherlands office, overseeing development of the company's integrated circuits and intellectual property (IP). Previously he was the President of Securealink, which was acquired by SafeNet in 2002. Pruim has over 26 years of experience in IC design/management and 12 years of experience in cryptographic IC design. He started his career at Philips Semiconductors, first in the CMOS department and thereafter in the bipolar group. Pruim left Philips and joined ICN, a Dutch IC design company. In 1986, he joined Pijnenburg, where he began chip design activities.
SafeNet's OEM business is a market leader in providing hardware, software and IP solutions for the networking and wireless segments. SafeNet's OEM customers include Cisco, Microsoft, Juniper, Nortel and NetGear.
About SafeNet, Inc
SafeNet is a global leader in information security. Founded more than 20 years ago, the company provides complete security utilizing its encryption technologies to protect communications, intellectual property and digital identities, and offers a full spectrum of products including hardware, software, and chips. ARM, Bank of America, Cisco Systems, the Departments of Defense and Homeland Security, Adobe, Samsung, Texas Instruments, the U.S. Internal Revenue Service and scores of other customers entrust their security needs to SafeNet. For more information, visit 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. Important factors that could cause actual results to differ materially are included but are not limited to those listed in SafeNet's periodic reports and registration statements filed with the Securities and Exchange Commission. The Company assumes no obligation to update information concerning its expectations.
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