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TMCNet:  SafeNet announces appointment of new CFO

[January 11, 2013]

SafeNet announces appointment of new CFO

Jan 11, 2013 (Datamonitor via COMTEX) -- SafeNet, Inc. has announced the appointment of Michael Branca as the new CFO of the company.

In this role, Mr Branca will be responsible for SafeNet's global finance functions, including accounting, financial planning and analysis, controllership, treasury, and tax. Mr Branca will report directly to Dave Hansen, SafeNet's president and CEO.

Mr Branca succeeds Greg Repas, who served as the company's interim CFO following the departure of Charles Neral in June 2012. Mr Repas will continue to serve as SafeNet's vice president and chief accounting officer.

Mr. Branca brings more than 30 years of experience in financial, operational, and business management. He joins SafeNet from BMC Software, where he served as vice president, Finance, focusing on integration activity.

Prior to BMC Software, he spent nearly six years as vice president and CFO of Numara Software, until the company's acquisition by BMC Software in January 2012. He has held CFO positions at MTS Medication Technologies Inc., Trak Communications, Inc., and Reptron Electronics Inc. He began his career at IBM, serving 13 years in various senior financial management positions.

"Mike's deep technology background, coupled with his 15-year tenure as both a public and private company CFO, make him an ideal fit for SafeNet," said Mr Hansen.

"I've had the privilege of working with Mike previously and believe that his financial acumen, operational expertise, and strong leadership skills will be instrumental in helping SafeNet continue its transformation and enter its next phase of growth." Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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