Harford County-Based Safenet Inc. Expands Global Reach with $25m Deal

Summary


SafeNet Inc. is seeking to increase its worldwide presence with the acquisition of Eracom Technologies AG.

The Harford County-based information security company will pay $25 million in cash for Eracom, which specializes in cryptography and security for electronic funds transactions. Eracom is headquartered in Germany and has a little more than 100 employees in 12 countries.

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Harford County-Based Safenet Inc. Expands Global Reach with $25m Deal

Carole D. Argo, SafeNet's president and chief operating officer, said it is those worldwide connections that...

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