SafeNet, Inc. Announces Departure of Chief Financial Officer

Greg Repas, Chief Accounting Officer, to Serve as Interim CFO

BALTIMORE--(BUSINESS WIRE)--SafeNet, Inc. today announced that Chief Financial Officer Charles Neral, 53, has decided to leave the company to pursue another opportunity. His last day as Chief Financial Officer will be June 30, 2012.

“On behalf of all of us at SafeNet, I want to thank Charles for his contributions to our company. He’s played an integral role in rebuilding the company’s financial organization, fortifying the company’s balance sheet and instilling the financial disciplines across the organization that exists today.”

Chris Fedde said, “On behalf of all of us at SafeNet, I want to thank Charles for his contributions to our company. He’s played an integral role in rebuilding the company’s financial organization, fortifying the company’s balance sheet and instilling the financial disciplines across the organization that exists today.”

The company also announced that Greg Repas, 47, currently Chief Accounting Officer and a twenty five year finance veteran, will serve as interim Chief Financial Officer while the company conducts an external search for a new Chief Financial Officer.

As Interim Chief Financial Officer, Mr. Repas will now oversee all corporate finance functions including controllership, corporate financial planning and analysis, treasury, tax and risk management. Prior to joining SafeNet in October 2010, he served as Vice President and Assistant Controller at Black & Decker. Mr. Repas graduated from Pennsylvania State University with a Bachelor of Science degree in accounting.

Commenting on his time with the company, Mr. Neral said, “I’m proud of the progress that we’ve made over the past few years and continue to be excited about SafeNet’s potential. I am confident that the talented team at SafeNet will continue to execute against the company’s long-term priorities. I wish the company every success in the future.”

About SafeNet, Inc.

Founded in 1983, SafeNet, Inc. is one of the largest information security companies in the world, and is trusted to protect the most sensitive data for market-leading organizations around the globe. SafeNet’s data-centric approach focuses on the protection of high value information throughout its lifecycle, from the data center to the cloud. More than 25,000 customers across commercial enterprises and government agencies trust SafeNet to protect and control access to sensitive data, manage risk, ensure compliance, and secure virtual and cloud environments.