Gemalto Inks $890M Cash Deal to Buy SafeNet

Cybersecurity
Online security firm Gemalto has agreed to acquire enterprise data protection technology provider SafeNet from Vector Capital for $890 million in cash. Gemalto expects the SafeNet purchase to close in the fourth quarter of this year and will finance the deal with cash on hand and money under existing credit facilities, Gemalto said Friday. The companies aim to integrate their platform and service offerings...

SafeNet Names BMC Vet Michael Branca CFO; Dave Hansen Comments

Michael Branca Information security firm SafeNet has appointed BMC Software (NASDAQ: BMC) veteran Michael Branca chief financial officer, effective immediately. Dave Hansen The company said he will report to Dave Hansen, president and CEO, and succeed Greg Repas, who served as interim CFO since June 2012 after Charles Neral left the company. Rapas will continue serving as vice president and chief accounting...

Raytheon Acquires SafeNet’s Government Solutions Business; Daniel Crowley Comments

Daniel J. Crowley Raytheon Co. (NYSE: RTN) has acquired the government solutions business of SafeNet Inc. for an undisclosed amount and will add around 170 SafeNet employees to form a new information systems product area. Jim Summers, general manager of SafeNet Government Solutions, will lead that area, which will be housed within the integrated communication systems segment of Raytheon’s network...

SafeNet Names Dave Hansen CEO, Succeeding Chris Fedde

Dave Hansen SafeNet has appointed Dave Hansen to succeed Chris Fedde as president and CEO, the company said Monday, also announcing Hansen will join the board of directors. Hansen comes to the company from BMC Software (NASDAQ: BMC), where he most recently served as a vice president and general manager. Fedde joined Safenet in 2001 and served as president and CEO starting in May 2011, five years after...

SafeNet to Sell Government Solutions Business; Chris Fedde Comments

Chris Fedde, SafeNet Inc. SafeNet Inc. has entered into a definitive agreement to sell its government solutions business unit to an undisclosed buyer, the company announced Thursday. “Over the years, SafeNet’s name has become synonymous with data protection,”  said Chris Fedde, SafeNet’s president and CEO. “Today’s announcement will allow us to sharpen our focus and extend our leadership...

SafeNet CFO Charles Neral Stepping Down June 30

SafeNet Inc. Chief Financial Officer Charles Neral is stepping down to pursue another opportunity, effective June 30, the company announced Friday. The company said it will search externally for Neral’s successor and Chief Accounting Officer Greg Repas will become CFO on an interim basis. Repas will oversee corporate finance functions such as controllership, corporate financial planning and analysis,...

Raytheon and Safenet Team Up for Malware Detection Technology

Raytheon Company (NYSE: RTN) has entered into an exclusive licensing agreement with SafeNet, Inc. to market Raytheon’s advanced malware detection product, RShield. RShield analyzes e-mail attachments and embedded Web links by rapidly routing e-mail to detection farms where it is opened and observed for malicious activity. “Organizations with the most sensitive data are being strategically...

SafeNet Exec Chris Holland to Present at Calif. Cloud Conference

Chris Holland, SafeNet Chris Holland, SafeNet‘s VP of software rights management, will present at the Software and Information Industry Association’s All About the Cloud Conference in San Francisco held May 25. In addition to Holland’s presentation “Understanding and Avoiding Four Common Pitfalls of Cloud Service Monetization,” SafeNet will also showcase Sentinel Cloud Services,...

SafeNet Completes Acquistion of Assured Decisions

SafeNet, Inc announced the completion of its acquisition of Assured Decisions, which will join SafeNet’s Cyber Security Group.The move will strengthen SafeNet’s cyber security capacity. Chris Fedde, president and COO of SafeNet, said “The unique expertise brought to SafeNet by Assured Decisions enables us to expand our solutions that protect the data within the U.S. Government’s...