SafeNet acquire DRM software reseller DMD Secure

MANHASSET, N.Y. — Information security provider SafeNet Inc. announced Friday (March 25) it has signed a definitive agreement to acquire the stock of DMDsecure.com B.V., a supplier of carrier grade server Digital Rights Management (DRM) software for solution providers and software vendors.

Under the agreement, SafeNet (Belcamp, Md.) will pay 7.5 million Euro ($9.7 million) to be complemented by an earn out schedule. The transaction is expected to be neutral to earnings in 2005.
With current customers such as Arcor, British Telecom and Deutsche Telecom, DMDsecure (Amsterdam, Netherlands) is a leading technology provider of server DRM components for the PC, mobile and digital home domains. The company is active in driving DRM standards and contributes to the Open Mobile Alliance (OMA). the Digital Video Broadcasting Forum (DVB), the MPEG standards organization, and other industry organizations.

The DMDsecure team will operate as part of the rights management business unit, reporting to Prakash Panjwani. Rist Brouwer, the current chief executive of DMDsecure, will lead strategic business development activities for SafeNet in the broader market of content protection.