SafeNet Appoints Senior Vice President of Worldwide Sales; Former BMC Software and IBM Executive Appointed to Lead Expanded Sales Organization

Business Wire, Jan 31, 2005

BALTIMORE -- SafeNet (NASDAQ: SFNT), setting the standard for information security, today announced the appointment of Steve Lesem as Senior Vice President of Worldwide Sales, to lead the global sales force.

In this newly created position, Mr. Lesem's responsibilities include delivering the company's overall revenue and senior sales leadership across all business lines globally. He will also interface with the business unit product and marketing groups to ensure all SafeNet products are represented in the marketplace. Mr. Lesem will be reporting to Carole Argo, President and COO.

"SafeNet has new and exciting integrated products and solutions. Steve's deep knowledge of hardware and software products and applications will enhance our cross-selling capabilities to existing and potential customers," said Carole Argo, President and COO, SafeNet. "I am confident, that with Steve's leadership, we will achieve additional focus and market penetration. Our U.S., APAC and EMEA sales leadership will report to Steve."

Mr. Lesem brings more than 20 years of experience in both sales and marketing in large sales organizations. His last position was Vice President, Asia Pacific. In this role, he was responsible for channel sales and China business development, along with various business unit responsibilities related to the Asia Pacific market for BMC. He previously served as Vice President of Sales and Marketing for BMC's Security Business Unit. Prior to BMC, Mr. Lesem held several important sales and marketing positions at IBM including General Manager, PC Server Sales and Marketing for North America.

"I am honored to receive this important assignment and join the SafeNet team," said Lesem. "SafeNet's significant contributions to the information security industry are truly exciting. SafeNet has a world-class sales force, great solutions, a seasoned management team, and an extremely strong commitment to their customers. I look forward to working with the team as we accelerate the company's success in this fast, dynamic and rapidly growing market."

About SafeNet, Inc.

SafeNet is a global leader in information security. Founded more than 20 years ago, the company provides complete security utilizing its encryption technologies to protect communications, intellectual property and digital identities, and offers a full spectrum of products including hardware, software, and chips. Samsung, Texas Instruments, Nokia, Ericsson, NEC, ARM, Bank of America, NetGear, the Departments of Defense and Homeland Security, Adobe, the U.S. Internal Revenue Service and scores of other customers entrust their security needs to SafeNet. For more information, visit www.safenet-inc.com.