Mark Floyd, chairman of the board at Tekelec (Nasdaq: TKLC), is the new chief executive officer at .
The company, based in Baltimore, focuses on information security.
Floyd took the job on July 1. The position had been vacant since 2006.
Floyd has been a partner with El Dorado Ventures. He was CEO at two communications providers, Entrisphere and Efficient Networks, earlier in his career.
The press release from SafeNet follows:
SafeNet, Inc., a global leader in information security, now affiliated under common management with Aladdin Knowledge Systems, today announced that Mr. Mark A. Floyd has joined SafeNet as Chief Executive Officer (CEO).
Mr. Floyd joined the executive management team at SafeNet July 1st, assuming a position that had been vacant since October of 2006.
"Mark brings more than 30 years of executive leadership to our company, with experience that complements our management team and company goals superbly. His successes range from founding his own company to running multi-billion dollar technology organizations to public offerings,” said Chris Fedde, President and COO, SafeNet. “This is a true case of adding strength to strength, with Mark’s expertise and understanding of growing business building on SafeNet’s position in the information security market. This is the combination that will meet our strategic goals for SafeNet’s future.”
Previously, Mr. Floyd served as CEO of Entrisphere, a communications equipment provider, which was successfully sold to Ericsson in 2007. Prior to that, Mr. Floyd was the founder and CEO of Efficient Networks, a leading telecommunications equipment company specializing in Digital Subscriber Lines (DSL), which he took public and later sold to Siemens for $1.7 billion. Most recently, Mr. Floyd was a Partner with El Dorado Ventures. He currently serves as the Chairman of Tekelec (Nasdaq:TKLC) and is also on the Board of Riverbed Technology, Inc. (Nasdaq:RVBD) and Cyan Optics, Inc.
Mark Floyd commented, “What really attracted me to SafeNet was the unique combination of scale and intellectual property advantage along with an extremely talented management team and employee base. The company is truly a leader in a dynamic sector, selling the most important products to the most security conscious commercial and government customers in the world. With that platform, I think we can do incredible things to drive and grow this business and I feel very fortunate to be part of the team to lead this effort.”
“More than a year ago, the Board embarked on a highly selective executive search hopeful to find a great complement to SafeNet’s strong executive management team,” said David Fishman, Partner, Vector Capital. “With nearly $500 million in revenue, SafeNet is the third largest provider of information security in the world with leadership positions across all segments of its business, including rights management and enterprise data protection. We believe Mark’s proven achievements in leading companies of this size will be valuable as we continue to take advantage of the robust growth opportunities afforded by this dynamic market. We also believe it sends a strong message of commitment to all of our employees, customers and partners.”
About SafeNet and Aladdin Knowledge Systems
In 2007, SafeNet was acquired by Vector Capital, a $2 billion private equity firm specializing in the technology sector. Vector Capital acquired Aladdin in March of 2009, and placed it under common management with SafeNet. Together, these leading global companies are the third largest information security company in the world, and brings to market integrated solutions required to solve customers’ increasing security challenges. SafeNet’s encryption technology solutions protect communications, intellectual property, and digital identities for enterprises and government organizations. Aladdin’s software protection, licensing, and authentication solutions protect companies’ information, assets and employees from piracy and fraud. Together, SafeNet and Aladdin have more than 50 years of security expertise in more than 100 countries around the world. Aladdin is expected to be fully integrated into SafeNet in the future.