Tally Solutions Selects SafeNet for Software Security Solution; SafeNe

Tally Solutions Selects SafeNet for Software Security Solution; SafeNet to Provide Security Expertise for Licensing Framework for Tally Products

    Business Editors/Technology Writers

    BALTIMORE--(BUSINESS WIRE)--Feb. 1, 2005--SafeNet, Inc. (NASDAQ:SFNT), setting the standard for information security, today announced that it has been chosen by Tally Solutions Pvt. Ltd., India's biggest and most successful business accounting software, to help define software security mechanisms for Tally's products. The multi-year agreement will allow Tally Solutions to use SafeNet expertise, as Tally Solutions dramatically expands its distribution channels for the industry's leading software product.
    SafeNet security solutions are used to protect software, enabling customers to reduce piracy of their software, while enabling new revenue-generating business licensing models that are easy to use by both the software developer and their customers.
    "Software piracy affects consumers as well as software developers. We want to adopt a pro-active approach with our software by introducing new business models that are in line with customer demands, while fighting piracy with the right levels of security built into the product," said Bharat Goenka, Managing Director for Tally Solutions. "We have chosen SafeNet to assist us in developing the right solution, because of their immense expertise in security solutions for software industry, and ability to provide local engineering and technical support."
    This new agreement continues SafeNet's expansion into broader software protection markets, including not only highly specialized software applications but also software sold at lower price points to a wider market. For such software, creativity in distribution and licensing mechanisms is key to tackling piracy.
    The partnership with Tally Solutions will further strengthen SafeNet's License Management Software Solution, the latest release of which was announced earlier this month, on January 26th.
    "Tally Solutions is a global leading provider of financial accounting software packages and is an integral part a variety of large, medium and small businesses spanning Europe, South East Asia, the Middle East and Africa," said Carole Argo, President and Chief Operating Officer for SafeNet. "We are excited to be a security partner for them, and to offer a solution for their leading software. Together, we can offer Tally's customers new licensing opportunities, and tackle security issues."

    About Tally Solutions

    Tally has become one of the most successful Financial Accounting Software Packages in the world, with over 100,000 customers and over 1 million users in 88 countries worldwide. According to the International Data Corporation (India), Tally is bigger than all other accounting software brands in India put together.

--	Accredited by the Institute of Chartered Accountants of England and Wales
--	Winner of PC Quest User's Choice Award for eleven consecutive years
--	Awarded PC World Techies Award for four years in a row
--	Won Chip Magazine's Best Performance and Best Value Award
--	Rated as the fourth best Indian IT brand of the year 2003 following Wipro, HCL and TVSE in a survey conducted by PC Quest
--	Recognized as an in-house R&D center by the Department of Science and Technology, India
--	360 Magazine's Golden Rhino Awards in the software category, and 360 Magazine's Bhoomi Brands Awards in the financial software category

    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. ARM, Bank of America, Cisco Systems, the Departments of Defense and Homeland Security, Adobe, Samsung, Texas Instruments, 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.

    "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

    The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are subject to uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. Important factors that could cause actual results to differ materially are included but are not limited to those listed in SafeNet's periodic reports and registration statements filed with the Securities and Exchange Commission. The Company assumes no obligation to update information concerning its expectations.

    Editor's Note: SafeNet is a registered trademark of SafeNet, Inc. All other trademarks are the property of their respective owners.

--30--JM/ph*

CONTACT: SafeNet, Inc. Maureen Kolb, 443-327-1238 mkolb@safenet-inc.com www.safenet-inc.com

KEYWORD: MARYLAND INDIA INTERNATIONAL ASIA PACIFIC INDUSTRY KEYWORD: SOFTWARE NETWORKING PRODUCT MARKETING AGREEMENTS SOURCE: SafeNet, Inc.

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