SafeNet Buys Beep Science

SafeNet Inc., an information security company owned by Vector Capital, has acquired the assets of Beep Science AS, a provider of mobile digital rights management software. No financial terms were disclosed.

PRESS RELEASE

SafeNet, Inc., a global leader in information security, today announced that it has acquired assets of Beep Science AS, a leading provider of mobile Digital Rights Management (DRM) software.

“This acquisition supports SafeNet's ongoing commitment to delivering complete end-to-end security solutions to the mobile industry,” said Prakash Panjwani, senior vice president and general manager, Commercial Security Division, SafeNet. “Beep Science's DRM software solutions complements SafeNet's portfolio of mobile security solutions to comprehensively address the encryption and data protection needs of all customers across the mobile value chain.”

SafeNet, already the leader in open standards-based DRM with its portfolio of server-side toolkits, will integrate Beep Science's mobile DRM software to offer the market's only end-to-end, open standards-based Digital Rights Management solutions for service providers, device manufacturers, platform vendors, and content owners.

Beep Science has been a leading provider of Industry Standard Mobile Digital Rights Management software solutions since the company was founded in 2000. Their standards-based client and server-side solutions have been deployed by world-class brands in the Media and Telecom Industries including Cosmote, HP, Huawei, MediaTek, Mobily, Nokia, and Sony.

“As accessing high bandwidth networks from mobile handsets becomes increasingly commonplace the requirement to protect high-value content, network data, and new premium services like mobile payments and mobile TV will become a priority,” said Jan Rune Hetle, CEO, Beep Science. “SafeNet has demonstrated a strong commitment to developing and delivering best-in-breed security solutions for stake-holders across the mobile value-chain, and we are proud to be joining their team.”

Beep Science's DRM software will join the portfolio of mobile content and mobile platform security applications already offered by SafeNet including IMS security, data-at-rest encryption, mobile VPN software, and protection against device cloning, SIM unlocking, and device re-imaging.

SafeNet will continue to work with Beep Science's customers, partners, standards bodies, and leading industry organizations to define the future of mobile-based service and content distribution, consumption, networking. The company is strongly committed to driving the adoption of standards-based DRM and mobile networking solutions.

The combination of SafeNet-Beep Science solutions will become part of SafeNet's Commercial Security Division under the direction of Mr. Panjwani.

About SafeNet, Inc.

SafeNet is a global leader in information security. Founded 25 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. UBS, Nokia, Fujitsu, Hitachi , Bank of America, Adobe, Cisco Systems, Microsoft, Samsung , Texas Instruments, the U.S. Departments of Defense and Homeland Security, the U.S. Internal Revenue Service and scores of other customers entrust their security needs to SafeNet. In 2007, SafeNet was acquired by Vector Capital, a $2 billion private equity firm specializing in the technology sector. For more information, visit www.safenet-inc.com.