Proposed Merger Between Rainbow and SafeNet Receives Recommendation From Institutional Shareholder Services
March 04 2004 - 2:51PM
PR Newswire (US)
Proposed Merger Between Rainbow and SafeNet Receives Recommendation
From Institutional Shareholder Services IRVINE, Calif., March 4
/PRNewswire-FirstCall/ -- Rainbow Technologies, Inc. , a leading
provider of digital content and transaction securityfor the
Internet, software protection, SSL VPNs and secure remote access,
today announced that Institutional Shareholder Services (ISS) has
recommended that Rainbow Technologies' shareholders vote for the
proposed merger between Rainbow and SafeNet, Inc. . The special
meeting of stockholders of Rainbow to vote on the proposed merger
with SafeNet will be held at 9:00 am PST, Monday, March 15th, at
the offices of Rainbow Technologies, located at 50 Technology
Drive, Irvine, CA 92618. About Rainbow Technologies Making security
simple since 1979, Rainbow Technologies, a leading provider of
proven information security solutions for mission-critical data and
applications used in business, organization and government
computing environments, has been breaking the security paradigm by
making complex security simple to implement and use for more than
two decades. Rainbow is the market leader in several critical
security technologies including: USB authentication tokens that
eliminate user names and passwords; SSL acceleration devices that
provide fast and secure online transactions; software security and
licensing products that prevent software piracy; and high assurance
security products used by the U.S. government for applications in
the DoD, NSA and Homeland Security. Rainbow has leveraged these
market share-leading technologies to develop a new breed of secure
remote access control appliance known as the NetSwift iGate, which
provides secure access to legacy applications in an SSL-VPN and
Web-enabled applications. With headquarters in Irvine, CA, Rainbow
maintains offices and authorized distributors throughout the world.
For more information, visit the Web site at
http://www.rainbow.com/. Additional Information About the Merger
and Where You Can Find It In connection with the proposed merger of
SafeNet and Rainbow, SafeNet has filed with the SEC a Registration
Statement on Form S-4 (File No. 333-110520) containing a joint
proxy statement/prospectus and SafeNet and Rainbow have filed and
may file other relevant materials in connection with the merger
transaction. The joint proxy statement/prospectus has been mailed
to the stockholders of SafeNet and Rainbow. Investors and security
holders of SafeNet and Rainbow are urged to read thejoint proxy
statement/prospectus and the other relevant materials when they
become available because they contain important information about
SafeNet, Rainbow and the transaction. The joint proxy
statement/prospectus and other relevant materials, and any other
documents filed by SafeNet or Rainbow with the SEC, may be obtained
free of charge at the SEC's web site at http://www.sec.gov/. In
addition, investors and security holders may obtain free copies of
the documents filed with the SEC by SafeNetby contacting Michelle
Layne, SafeNet Investor Relations, 4690 Millennium Drive, Belcamp,
Maryland 21017, (443) 327-1239. Investors and security holders may
obtain free copies of the documents filed with the SEC by Rainbow
by contacting Rainbow Investor Relations, 50 Technology Drive,
Irvine, California 92718 (949) 450-7377. Investors and security
holders are urged to read the joint proxy statement/prospectus and
the other relevant materials before making any voting or investment
decision. Rainbow Technologies, Rainbow Mykotronx, NetSwift iGate,
Luna and iKey are trademarks of Rainbow Technologies, Inc. SafeNet
is a registered trademark and SecureIP Technology is a trademark of
SafeNet, Inc. All other trademarks are the property of their
respective owners. For further information, please contact Dan
Chmielewski of Rainbow Technologies, Inc., +1-949-450-7377, ; or
Deborah Jones of Strategies, +1-714-957-8880 ext. 113, , for
Rainbow Technologies, Inc. DATASOURCE: Rainbow Technologies, Inc.
CONTACT: Dan Chmielewski of Rainbow Technologies, Inc.,
+1-949-450-7377, ; or Deborah Jones of Strategies, +1-714-957-8880
ext. 113, , for Rainbow Technologies, Inc. Web site:
http://www.sec.gov/ Web site: http://www.rainbow.com/
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