HSINCHU, Taiwan and SUNNYVALE, Calif., Sept. 7 /PRNewswire/ --
Faraday Technology Corporation (TAIEX: 3035), a leading ASIC and IP provider,
and SafeNet, Inc. (Nasdaq: SFNT), a global leader in information security,
today announced that the two companies have entered a strategic marketing
partnership. The agreement will encourage both sales forces to jointly promote
custom security chip development capability utilizing SafeNet's security
technology and Faraday's ASIC infrastructure. In addition, Faraday will also
refer customers whose requirements fit within SafeNet's product portfolio to
Safenet. This is a first step of several programs to roll out jointly by the
two companies in 2005 and 2006.
With increasing connectivity and bandwidth requirements, the need to
protect network traffic with high-performance silicon products has become
integral to every network infrastructure, from large enterprises to the small
office/home office (SoHo) market.
Many customers can utilize standard, off-the-shelf security processor
chips, but some would require custom devices. Faraday and SafeNet's
partnership enables the two companies to better service customers by directing
them to the most economically efficient solutions available.
"I am very excited about this opportunity to partner with the industry
leader," said H.P. Lin, President at Faraday. "Ever since the development of
the NC-1, our communication infrastructure Structured ASIC, we have looked
forward to opportunities such as this to partner with industry leaders. This
is truly a synergistic alliance".
"SafeNet is very enthusiastic about this partnership with Faraday," adds
Henk Pruim, Vice President and General Manager of SafeNet's Networking
Business Unit. "The agreement adds tremendous value by enabling us to provide
custom security ASIC solutions to our customers and expand our portfolio of
best-in-class security processors."
"The Faraday - SafeNet partnership announcement is a big step in signaling
to the market place that we are serious about serving security applications
with a combination of our ASIC and structured ASIC products," said Christopher
Moezzi, Vice President of Business Development and Structured ASIC Marketing
at Faraday USA. "We intend to complement our ASIC and IP portfolio with
SafeNet's industry-leading security offerings to bring solid and proven high
security content ASIC solutions to our customers."
SafeNet, Inc. 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, NetGear, 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.
About Faraday Technology Corporation
Faraday Technology Corporation is a leading silicon IP and fabless ASIC
vendor. The company's broad IP portfolio includes 32-bit RISC CPUs, USB 2.0,
Ethernet, Serial ATA, and PCI-Express. With more than 500 employees and 2004
revenue of $159 million, Faraday is one of the largest fabless ASIC companies
in the Asia-Pacific region, and it also has a significant presence in other
markets, worldwide. Headquartered in Taiwan, Faraday has service and support
offices around the world, including the U.S., Japan, Europe, and China. For
more information, please visit: http://www.faraday-tech.com
Press Contact, Faraday Technology
+1-408-522-8888 ext: 139
Press Contact, SafeNet
SOURCE Faraday Technology Corporation