April 17, 2014 6:06 AM ET

Software

Company Overview of SafeNet, Inc.

Company Overview

SafeNet, Inc. provides data protection and software monetization solutions for commercial enterprises and government agencies worldwide. The company develops, markets, sells, and supports hardware and software information security products and services that protect and secure communications, intellectual property, and information and identities. Its software monetization solutions include software protection and licensing, software packaging and pricing, software license and entitlement management, software usage tracking and reporting, SaaS monetization, embedded software monetization, software licensing management and virtualization, software monetization professional services, and other s...

4690 Millennium Drive

Belcamp, MD 21017

United States

Founded in 1983

1,600 Employees

Phone:

410-931-7500

Fax:

410-931-7524

Key Executives for SafeNet, Inc.

Chief Executive Officer
Chief Financial Officer
Corporate Vice President of Global Operations
Chief Accounting Officer and Vice President
Age: 48
Chief Technology Officer and Corporate Vice President of Product Development
Compensation as of Fiscal Year 2013.

SafeNet, Inc. Key Developments

SafeNet, Inc. Announces Executive Changes

SafeNet, Inc. announced that Jon McCabe has been appointed to the position of Chief Financial Officer, effective immediately. He succeeds Mike Branca, who has left the company to pursue other opportunities. In this role, Mr. McCabe will be responsible for SafeNet's global finance functions, including accounting, financial planning and analysis, controllership, treasury, and tax. Mr. McCabe will report directly to Dave Hansen, SafeNet's President and Chief Executive Officer. Mr. McCabe joined SafeNet in 2010, as vice president of financial planning and analysis, where he was responsible for the company's strategic and operating financial plans and performance, pricing strategy and administration, and operational performance assessment and decision support across all aspects of the business. Prior to joining SafeNet, Jon held a similar financial role at McAfee, Inc., as well as various accounting, finance, and business operations roles at Verizon and Genuity prior to McAfee.

Tata Communications Enters Agreement with Safenet, Inc. to Launch Multi-Factor Authentication Managed Service in the Cloud

Tata Communications has entered into a partnership with SafeNet, Inc. to provide cloud-based multi-factor authentication as a managed service -- globally. A first-of-its-kind service in India, the cloud-based delivery model enables businesses to implement an additional security layer that verifies the legitimacy of a transaction and secures access to corporate networks. The rise of enterprise trends, such as bring your own device (BYOD), increased use of cloud-based services and network-based application deployment, makes added user authentication measures vital -- especially within industries such as e-commerce and banking. Tata Communications' cloud-based multi-factor authentication offers both hard and soft token authentication, creating a layered defence system, which makes it more difficult for unauthorised personnel to access a computer system or network.

SafeNet, Inc. Announces Cloud-Based Solution for License Management in Virtual Environments

SafeNet, Inc. announced the first and only cloud-based solution for license management in virtual environments. Sentinel(R) Cloud, SafeNet's software licensing and entitlement management service, now eliminates the need for node-locking, decoupling software licenses from physical hardware and reducing monetization risks for vendors provisioning software and enforcing license compliance in virtualized environments. A common issue when deploying software in virtual environments is that it is very possible to maliciously or unintentionally duplicate license rights when spinning up new instances, or to move a license from one instance to another freely. By utilizing SafeNet's Sentinel Cloud, software providers can rest assured that users cannot virtualize the licensing system and over use beyond what was purchased. Sentinel Cloud licenses a user, not a physical machine, which promises legitimate use of licenses in virtual environments. ISVs have full control on how many licenses are running, and have complete visibility into the usage of their software, which can be used for billing purposes or business intelligence. In addition, Sentinel Cloud enables ISVs to automate the process of provisioning, applying updates, and renewing licenses. Sentinel Cloud enhances the end-user experience by allowing access to licensed applications via any device -- including smartphones, tablets, and desktop computers -- without needing to generate new licenses for usage on multiple machines. This usage-based license model ensures end users only pay for actual usage of features that are relevant to them, while also providing user insight to the ISV, helping them improve their future offerings. The benefits of Sentinel Cloud's cloud-based licensing for virtualized environments include: Software vendors have much greater assurance that use of their software is legitimate; User-centric licensing eliminates the dependency on specific end-user devices or virtual setups; ISVs have full control over how many licenses are running, allowing usage on parallel instances of VMs and enabling "pay-as-you-grow" usage-based licensing; Remote control functionality simplifies license provisioning, updates, and renewals/cancellations, which can be done quickly on the fly; Advanced usage data collection provides ISVs with valuable insight into how customers are using their software in order to develop software that better meets users' needs.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 4, 2014
SafeNet, Inc., ProtectDrive
 

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