SafeNet divests Govt solutions biz unit

SafeNet, information security company has announced its plans to sell Government solutions business unit to focus on commercial data protection products and solutions. The company has denied to disclose the name of the buyer and the financial terms of the agreement. The transacion is expected to close by the end of 2012.

The divestiture is in line with SafeNet’s long-term strategy to focus on the company’s data protection solutions, protecting high-value information for enterprises, critical infrastructure providers, and international governments, said a statement. SafeNet will concentrate its investment and product development in the areas of data protection and strong authentication for the data center, virtual data center, and the cloud.

The statement claimed, "SafeNet’s Government Solutions business unit is a leader in trusted and innovative mission-assurance Type 1 solutions used throughout U.S. government agencies, the Department of Defense, the intelligence community, and by systems integrators to protect the highest levels of classified information."