Vector leads purchase of SafeNet for $635M
Vector Capital, a San Francisco private equity firm, has led a group of investors in an agreement to buy SafeNet Inc., an information security firm about $634 million.
Vector’s offer represents a premium of about 1.6 percent over SafeNet’s Friday closing price of $28.30.
SafeNet, of Belcamp, Md., won a contract last year to provide security for Swift, the international banking cooperative which reportedly permitted U.S.-government monitoring of its transactions. The company had revenues of $263 million in 2005.
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