SafeNet plans to acquire Datakey

Information security company SafeNet, Inc. has announced that it has signed a definitive agreement to tender an offer to acquire Datakey, Inc., US-based provider of smart card-based information security products.

Under the terms of the Agreement, SafeNet will acquire Datakey for USD0.65 per share of common stock and USD2.50 per share of convertible preferred stock in cash, for a transaction value of approximately USD8m.

The acquiaition of Datakey will add user access and authentication solutions to SafeNet's portfolio, says SafeNet's spokesperson.