AUSTIN, Texas, Feb. 4, 2014 /PRNewswire/ — 2FA Inc., a cybersecurity company focused on user authentication and encryption, based in Austin, Texas, announced today that it has entered into a definitive agreement with SafeNet to acquire ProtectDrive, both client and server.

2FA has emerged as a cybersecurity leader for authentication and encryption with over 1,000,000 users around the world. Included are several of the largest US city-based deployments, leading enterprise, and healthcare organizations in all 50 states. Over the past year 2FA has drastically increased the number of biometric, smart card, RFID, magnetic swipe, and 2D barcode devices supported in 2FA ONE and created targeted clinical workflow performance enhancements to streamline adoption of EHR, increased productivity and convenience. “The addition of ProtectDrive to 2FA’s product line increases 2FA’s value to both existing and prospective customers. Our public sector, healthcare, and enterprise customers have been asking us for some time how to leverage our authentication solution for both pre-boot authentication and full-disk encryption, now we have an answer. The industries we serve have time-based compliance mandates that require the encryption of Data at Rest now and in the coming years. We look forward to integrating ProtectDrive into 2FA’s authentication and encryption product suite,” says Greg Salyards, President & CEO of 2FA.

About 2FA Inc.

2FA Inc. is an Austin, Texas based, veteran-owned cybersecurity company created on the single vision of simplifying strong authentication. Their product, 2FA ONE integrates authentication, password management, credential management, and encryption into a single solution. Since 2006, 2FA has been at the forefront of technological advances in security and authentication. Most recently, 2FA ONE was awarded overall “Best Security Solution for Government” and the overall “Best Authentication Product” at the 2013 Info Security Product Excellence Awards.

About SafeNet, Inc.

Founded in 1983, SafeNet, Inc. is one of the largest information security companies in the world, and is trusted to protect the most sensitive data for market-leading organizations around the globe. SafeNet’s data-centric approach focuses on the protection of high value information throughout its lifecycle, from the data center to the cloud. More than 25,000 customers across commercial enterprises and government agencies trust SafeNet to protect and control access to sensitive data, manage risk, ensure compliance, and secure virtual and cloud environments.

Media Contact: Bryan Culver 2FA Inc.
512.375.4394
bculver@2FA.com

SOURCE 2FA Inc.