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BALTIMORE-Security technology company SafeNet Inc. said it will acquire DMDsecure B.V., a Dutch digital rights management software developer, for $9.7 million in cash.
SafeNet plans to combine its security offerings with DMD’s content DRM server, according to SafeNet Chief Executive Officer Anthony Caputo, in an effort to address the growing demand for the management of digital content. The deal is expected to close next month.
“The trend is clear that the PC market, the mobile market, and consumer electronics are converging,” Caputo said. “This acquisition moves our company into an additional DRM segment that will allow us to exploit more of this growth opportunity.”
