SafeNet Files for $300 Million IPO

SafeNet Inc., a Belcamp, Md.-based information security company owned by Vector Capital, has filed for a $300 million IPO.  plans to trade on the Nasdaq under ticker symbol SAFE, with Morgan Stanley, Goldman Sachs and J.P. Morgan serving as co-lead underwriters.

The company reports a $49.7 million net loss in 2009 on $403.7 million in revenue. This compares to a $126.5 million net loss in 2008 on $329 million in revenue. www.safenet-inc.com