"Safenet, Inc. develops, markets, sells and supports a portfolio of hardware and software network security products and services that provide secure communications and data services over WANs and the Internet. The Company has two business divisions: Enterprise Security, through which it sells security solutions to address the needs of its government, financial institution and other security-sensitive commercial customers and Embedded Security, through which it provides a range of network security products including silicon chips, accelerator cards, licensed intellectual property and software products, to original equipment manufacturers that embed them in their own network infrastructure and wireless products. In March 2004, the Company merged with Rainbow Technologies, Inc., a provider of information security solutions for mission-critical data and applications used in business, organization and government computing environments."
"November 1, 2004 Fed contracts boost SafeNet earnings SafeNet, an information security firm that recently won a significant number of military contracts, reported higher third-quarter earnings. Net income for the quarter ended Sept. 30 was $9.6 million, or 39 cents per diluted share, compared to $2.7 million, or 20 cents per diluted share for third quarter 2003. Revenues increased 242 percent, to $59.5 million from $17.4 million, a spike, the company says, caused by significant customer development within the federal government. Since the beginning of the third quarter, SafeNet announced it won a multiyear production contract with the U.S. Air Force, delivered 100 high-assurance encryption products to a Homeland Security systems integrator and a "substantial" Department of Defense contract. SafeNet shares (NASDAQ: SFNT) were trading at $30.53 Monday morning, down 10 cents from the Oct. 29 close."
"June 25, 2002 SafeNet wins DOD contract The U.S. Department of Defense hired Baltimore County-based SafeNet Inc., a developer of Internet security technologies, to create an Internet security system for the agency.
Financial terms of the deal were not disclosed. Company officials said it is a "multi-million dollar project."
Anthony Caputo, CEO of SafeNet, said working with the government in a time of heightened security is a good opportunity for the company. The project, which will provide security for communications systems used by different agencies, is expected to be completed next year."