Stealth Acquisition Corp. Announces Successful Completion of Tender Offer for All Outstanding Shares of SafeNet, Inc.

  
    
  
  
    
      Stealth Acquisition Corp. today announced the completion of its tender 
      offer for all outstanding shares of SafeNet, Inc. (NASDAQ: SFNT). The 
      tender offer expired at 8:00 p.m. ET on April 11, 2007. According to 
      information provided by Computershare, the depositary for the tender 
      offer, as of that time, 17,939,205 shares, representing more than 84% of 
      SafeNet’s outstanding shares, were tendered 
      and not withdrawn in the offer (including shares tendered by notice of 
      guaranteed delivery).
    
    
      The subsequent merger to finalize the acquisition is expected to close 
      later today. All remaining outstanding SafeNet shares will be converted 
      into the right to receive $28.75 in cash. Following the merger, SafeNet 
      will become a wholly owned subsidiary of an affiliate of Vector Capital.
    
    
      About Vector Capital
    
    
      Vector Capital is a leading private equity firm specializing in buyouts, 
      spinouts and recapitalizations of established technology businesses. 
      Vector identifies and pursues these complex investments in both the 
      private and public markets. Vector actively partners with management 
      teams to devise and execute new financial and business strategies that 
      materially improve the competitive standing of these businesses and 
      enhance their value for employees, customers and shareholders. Among 
      Vector’s notable investments are Savi 
      Technology, LANDesk Software, Corel Corporation (Nasdaq: CREL), 
      Register.com, and Watchguard Technologies. For more information, visit www.vectorcapital.com.
    
    
      About SafeNet, Inc.
    
    
      SafeNet is a global leader in information security. Founded more than 20 
      years ago, the company provides complete security utilizing its 
      encryption technologies to protect communications, intellectual property 
      and digital identities, and offers a full spectrum of products including 
      hardware, software, and chips. UBS, Nokia, Fujitsu, Hitachi, Bank of 
      America, Adobe, Cisco Systems, Microsoft, Samsung, Texas Instruments, 
      the U.S. Departments of Defense and Homeland Security, the U.S. Internal 
      Revenue Service and scores of other customers entrust their security 
      needs to SafeNet. For more information, visit www.safenet-inc.com.
    
    
      Forward Looking Statements.
    
    
      Statements made in this release which are not historical facts contain “forward-looking” 
      statements (as defined in the Private Securities Litigation Reform Act 
      of 1995) that involve risks and uncertainties and are subject to change 
      at any time. These forward-looking statements may include, but are not 
      limited to, statements containing words such as “anticipate,” 
      “contemplate,” “believe,” 
      “plan,” “estimate,” 
      “expect,” “intend,” 
      “may,” “target,” 
      “look forward to” 
      and similar expressions. The forward-looking statements involve known 
      and unknown risks, uncertainties and other factors that are, in some 
      cases, beyond our control. We caution investors that any forward-looking 
      statements made by us are not guarantees of future performance or 
      events. We disclaim any obligation to update any such factors or to 
      announce publicly the results of any revisions to any of the 
      forward-looking statements to reflect future events or developments, 
      except to the extent required by law.
    
    
      This document is for informational purposes only and is not an offer to 
      buy or the solicitation of an offer to sell any securities. The 
      solicitation and the offer to buy shares of SafeNet's common stock will 
      only be made pursuant to an offer to purchase and related materials that 
      Stealth Acquisition Corp. has filed with the Securities and Exchange 
      Commission. SafeNet stockholders should read these materials carefully 
      prior to making any decisions with respect to the offer because they 
      contain important information, including the terms and conditions of the 
      offer. SafeNet stockholders may obtain the offer to purchase and related 
      materials with respect to the offer free of charge at the SEC's website 
      at www.sec.gov, from the information 
      agent named in the tender offer materials or from Stealth Acquisition 
      Corp.