April 7, 2014
SafeNet is having a strong position in market in term of providing security solutions, protecting over 80% of the world’s fund transfers.
SafeNet hosts an array of Multi-Factor Authentication products providing authentication as a service (AaaS) as well authentication management platforms.It provides security products that protect networks, intellectual property, software, and personal identity.
Its software and hardware systems employ encryption technology in USB identity tokens, virtual private networks (VPNs) and security appliances, and software antipiracy and digital rights management products.
For payment sector, the company offers a range of authenticators prominent one being the certificate-based PKI smart cards combined with strong security and cost effective measures. Such smart cards providea single solution for strong authentication and applications access control, including remote access, network access, password management, network logon, as well as corporate ID badges, magnetic stripes and proximity.
SafeNet provides different financial data security solutions to the concerned institutions including eTransaction Security and Online Banking Security. By implementation of virtualized environments, risks of frauds are mitigated enabling safe and secure transactions. Additionally the company offers virtualized infrastructure based solutions enabling both enterprises and cloud providers to store and protect private data in the cloud.
Major customers in payment segment include Egg Plc, NH Bank,Bank of America, and Citigroup.
The Company is looking forward to expand its boundaries through focus on increasing its cloud based services globally.
Recently, SafeNet entered into a partnership with Tata Communications, a leading provider of A New World of Communications. The agreement enables Tata Communications to provide cloud-based multi-factor authentication as a managed service globally.
In April 2013, SafeNet launched Crypto Hypervisor, the world’s first high-assurance key vaulting and PKI services solution built for the cloud operational model. This will enable organizations to virtualize their crypto resources in an efficient and scalable way, and ensuring that all data can be safely encrypted, even as it moves in a virtualized environment, in order to prevent data loss.
SafeNetis headquartered in USA, and it operates as a subsidiary of SafeNet Holding Corporation. The company has more than 50 office locations in 25 countries. Also, the company clicked revenues of approximately $455 million in 2010.