SafeNet completes acquisition of DMDsecure B.V.
BALTIMORE, Maryland, April 4, 2005– SafeNet, Inc. (NASDAQ: SFNT), setting the standard for information security, today announced that it has completed the acquisition of DMDsecure B.V., a global leader in digital rights management (DRM) software.
The acquisition will expand SafeNet’s Digital Rights Management Business growth into the electronic content protection market. According to the plan previously announced, a subsidiary of SafeNet acquired all the equity interest of DMDsecure for 7.5 million euros. Shareholders of DMDsecure may receive additional compensation during the next 12 months pursuant to an earn out schedule tied to revenues. About DMDsecure DMDsecure, Digital Media Distribution Secure, is a global leader in carrier grade server
Digital Rights Management (DRM) software for solution providers and software vendors as well as broadcasters, broadband & mobile operators and service providers. 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, NetGear, 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 DMDSecure B.V.'s and SafeNet's periodic reports and registration statements filed with the Securities and Exchange Commission and neither company assumes any obligation to update information concerning its expectations. xx Publisher Contact Information:
DMDsecure.com +1 443 327 1238 mkolb@safenet-inc.comCompany profile of DMDsecure.com (Acquired by SafeNet Inc.) Past press releases of DMDsecure.com (Acquired by SafeNet Inc.).
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