SafeNet Inc. has completed its acquisition of Rainbow Technologies Inc, which was announced in October last year and valued at over $450m. Shareholders voted in favour of the deal, issuing 11.1m shares of SafeNet (around 43% of the combined company) to Rainbow's shareholders.
SafeNet, a specialist in network security including VPNs and network encryption, has gained Rainbow's token, remote access and encryption technology as well as government contracts and penetration into the consumer market.
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iTnews State of Security Breakfast Sydney
iTnews Executive Retreat - Security Leaders Edition - VIC
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