On November 15, 2005 SafeNet announced its plans to acquire Eracom Technologies AG; the transaction closed on December 1, 2005. SafeNet, the seventh largest information security company in the world, has encryption technologies to protect communications, intellectual property, digital identities, and offers a full spectrum of products including hardware, software and chips.

SafeNet's Commercial Enterprise Security Offering, with the addition of full disk and file encryption, strengthens the company's business in the financial services industry by opening opportunities in the Electronic Funds Transfer (EFT), credit card and ATM markets, new segments of the company's already established financial services offering.

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