Wednesday, February 08, 2006

SafeNet Announces Plans to Acquire nCipher for Cash; Transaction Reinforces SafeNet's Leadership Position in the Broad IT Security Market

SafeNet, Inc. (NASDAQ:SFNT), setting the standard for information security, today announced that it has agreed with the board of directors of nCipher, plc the terms of a recommended cash offer to be made for the entire ordinary share capital of nCipher.