SafeNet has appointed Prakash Panjwani as the company’s new President, Chief Executive Officer, and member of the Board of Directors, effective immediately. The 12-year SafeNet veteran has held several executive positions within the organization, most recently the position of Senior Vice-President and General Manager of the company’s rapidly-growing Data Protection group. Panjwani will succeed current President and CEO, Dave Hansen, who has chosen to leave the organization for personal reasons.
“The board would like to thank Dave for his leadership, significant contributions, and continued support of both Prakash and the organization,” said Dave Fishman, a Partner at Vector Capital and member of SafeNet’s Board of Directors. “Prakash has been the driving force behind many of the company’s most critical initiatives for over a decade. He not only has a proven track record for driving positive change within the organization, but is an inspirational leader who has the trust and respect of the company’s employees, customers, and the Board. We look forward to continuing our relationship with Prakash in his new role as the company’s President and CEO.”
Since joining the company in 2002, Panjwani has taken on greater responsibilities and been instrumental in driving major product strategy, infrastructure, and operational shifts throughout the organization, including:
The strategic acquisition of 12 companies including Rainbow Technologies, SafeNet’s entry into the HSM, authentication, and software protection markets; Ingrian Networks, broadening SafeNet’s data encryption and encryption key management portfolio; Aladdin Knowledge Systems, doubling the size of SafeNet’s software monetization business; and most recently Cryptocard, which brought the company’s award-winning authentication business into the cloud.
Refocusing the company’s data protection product portfolio on three rapidly growing markets – crypto management, data encryption, and authentication and then successfully executing against a highly aggressive product development and go-to-market plan to support it.
