SafeNet Achieves Software Engineering Institute's Capability Maturity Model Level 3 Rating; Milestone Marks a Mature Level of Software Processes

Business Wire, March 28, 2005

BALTIMORE -- SafeNet, Inc. (NASDAQ:SFNT), setting the standard for information security, announced that it's subsidiary, SafeNet Mykotronx, was assessed under the Software Engineering Institute's (SEI) Capability Maturity Model(R) (CMM) and rated at level 3. This significant milestone is the culmination of diligent work over the past several years to ensure our company's software processes are mature.

A CMM Level 3 rating is the Software Engineering Institute's standard for benchmarking the commercial and defense industry's best practices for systems engineering. Because high-quality software that is produced on schedule and within budget is a critical component of U.S. defense systems, the SEI CMM assesses the maturity of an organization's software processes--it provides a method for the United States Department of Defense to more effectively evaluate the abilities of vendors and contractors to competently perform on software engineering contracts. The Department of Defense views CMM as a necessity and now requires all their software developments to be performed by contractors that are rated CMM Level 3.

"We want our Department of Defense customers to know that we are committed to developing quality software products and that we are capable of doing so now, and for many years to come. I'm pleased with not only this accomplishment, but with the overall process maturity path this establishes for our entire organization. Our customers have our assurance that we view this event not as an end, but a beginning as we remain dedicated to continuous process improvement," said Jim Summers, SafeNet Mykotronx's President.

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. ARM, Bank of America, Cisco Systems, the Departments of Defense and Homeland Security, Adobe, Samsung, Texas Instruments, 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.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

These statements are subject to uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. Important factors that could cause actual results to differ materially are included but are not limited to those listed in SafeNet's periodic reports and registration statements filed with the Securities and Exchange Commission. The Company assumes no obligation to update information concerning its expectations.

Editor's Note: SafeNet is a registered trademark of SafeNet, Inc.