What is "safenet"

SafeNet, Inc. was an information security company based in Belcamp, Maryland, United States. The company is now the fifth largest vendor in the security market and third largest provider of information security solutions in the world with revenues ~$500M.

On 8 August 2014, Gemalto announced that it had signed a definitive agreement to acquire 100% of the share capital of SafeNet from Vector Capital for US$890 million on a debt free/cash free basis. It was notably one of the largest suppliers of encryption technology to the United States Government.

Now part of Gemalto and marketed under the SafeNet product brand, offerings include enterprise authentication, data encryption, key management and software monetization.