Information Resource Engineering - Neuer VPN- Star ? - 500 Beiträge pro Seite

[Mr.Siebel]

Bei Information Resource Engineering (IRE) handelt es sich um einen Anbieter von Virtual Privacy Networks (VPN), also demselben Segment, in dem auch Check Point Software tätig ist. IRE hat bereits diverse Kunden, vor allem Banken, aber auch das FBI und andere.
Allianzen bestehen mit dem Who is who der IT-Welt, z.B. Cisco, Nortel, 3Com, Lucent, Analog Dev., Verio, Cabletron.

Die gestern veröffentlichten Quartalszahlen waren gigantisch, der Gewinn übertraf die Schätzungen um 100 % !!!

Die MK von IRE ist noch sehr niedrig, knapp 200 Mio $ bei einem Umsatz von ca. 29 Mio. $.
Welche Margen Firmen in diesem Segment erreichen können, sieht man ja an Check Point, mit fast 50 % Nettomarge wohl einzigartig !

Die Homepage ist
www.ire.com

Die Aktie könnte ein extrem lukratives Investment werden, leider (noch) nicht in Deutschland gehandelt.

[Crestfallen]

Hallo Mr. Siebel,


inwieweit stellt denn IRE Konkurrenz zu CHKP dar?


Welches Unternehmen schneidet besser ab, wenn man die Technologie vergleicht?




Gruß,

Crestfallen.

[HenryIV]

Hallo Mr. Siebel,

die Aktie von IREG wird in Deutschland gehandelt. WKN ist 899161. Ticker ist IRH.

Die neuen Zahlen sind zwar sehr interessant, andererseits glaube ich aber, dass sich auch die "Großen" bald richtig in den Markt reinhängen werden. Dann werden die Marhen wohl nicht mehr so hoch ausfallen.

HenryIV

[Mr.Siebel]

IRE hat sich am 6. November in SafeNet umbenannt.
SafeNet macht zwar noch relativ wenig Umsatz, hat jedoch mit dem Produkt Soft-PK 5.0 ein sehr aussichtsreiches VPN an den Markt gebracht, dass breite Unterstützung am Markt findet, auch bei den Top Playern wie Cisco oder Lucent.
Schon jetzt zeigt sich, dass sehr hohe Margen erreicht werden können, weil es sich um ein Know-how Business handelt, und man derzeit technologisch an der Spitze steht.
Sicherlich ist ein Engagement spekulativ, weil die Firma umsatzmässig noch sehr klein ist. Aber die derzeitige Situation lässt eben noch sehr viel Phantasie im Kurs zu.

Ich möchte Check Point und SafeNet nicht vergleichen, schon wegen der Grösse, Margen, Bekanntheit.
Check Point hat das Potenzial, ein wirklicher Big Player im internationalen IT-Business zu werden. Check Point kann aber auch nicht die ganze Welt alleine mit ihren Produkten beliefern, d.h. es haben noch viele weitere Unternehmen Platz in diesem Geschäft.

Und an eines sollte man sich immer errinnern. Sicherheit im Internet ist die Vorraussetzung im E-Business!

[HenryIV]

Quartalszahlen sind da. Sind recht gut. Fraglich ist (bleibt), wie stark in Zukunft die "Großen" (insb. Checkpoint) in den Bereich eindringen (siehe auch Interview im Mr.Siebel Teil 2 Thread).

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Monday January 29, 4:17 pm Eastern Time
Press Release
SafeNet Reports Record Revenue and Profits
SafeNet Nearly Triples VPN revenues for the year
BALTIMORE--(BUSINESS WIRE)--Jan. 29, 2001--SafeNet, Inc. (SafeNet) (Nasdaq: SFNT - news), a leading provider of Virtual Private Network (VPN) technology and solutions for secure business communications, today reported record revenue and profits for the fourth quarter and year ended December 31, 2000.

Net income for the fourth quarter was $2.7 million or $0.36 per share on a fully diluted basis compared to a net loss of ($643,000), or ($0.11) per share for the fourth quarter of 1999. Revenues for the three-month period grew by 98% to $8.9 million, compared to $4.5 million for the same period in 1999.

Strong demand for VPN products was the growth driver. VPN product sales increased 175% this quarter compared to the same period in 1999. The company`s sales reflect a shift to higher-margin software and license products through OEM partners, resulting in a significant improvement in gross margins from 55% in the fourth quarter of 1999 to 74% in the fourth quarter of 2000.

Net income for the year ended December 31, 2000 was $5.8 million or $0.80 per diluted share compared to a net loss of ($3.1) million or ($0.56) per share for the year ended December 31, 1999. Revenues for the year increased by 52% to $28.8 million compared to $18.9 million in 1999.

Sales of VPN products increased by 187% for the year ended December 31, 2000 compared to 1999. Gross margins for the year 2000 increased to 73% from 62% for the year 1999 due to increased sales of VPN software and license products through OEM partners.

``SafeNet`s continued growth and profitability demonstrates our success in establishing SafeNet as a leader in the VPN space,`` said Anthony Caputo, Chairman and CEO of SafeNet. ``Our VPN revenue has increased 187% in 2000, which clearly demonstrates the rapid adoption of SafeNet`s VPN hardware and software technology in the market. Our ability to establish key relationships with leading OEM customers in 2000 has enabled us to widely deploy our technology to end-users and establish the SafeNet brand as emerging markets are introduced.``

SafeNet Emerges in 2001 as a VPN Leader

SafeNet ended the year 2000 as a leading player in the VPN market. The name change from Information Resource Engineering, Inc. to SafeNet, Inc. in November was a result of the strong market position and brand recognition that the company`s SafeNet VPN technology holds in the industry.

SafeNet achieved a significant number of accomplishments over the last year, which has gained the company industry recognition. International consulting firm Frost & Sullivan named SafeNet as the only recipient of its 1999 Market Engineering Marketing Strategy Award. According to Frost & Sullivan, SafeNet ``made a brilliant marketing move of developing solid business relationships with the large networking vendors such as Cisco, Lucent, and Nortel...``.

Deloitte & Touche`s ``Maryland Fast 50`` ranking listed SafeNet as one the nation`s fastest-growing technology companies for four years in a row. SafeNet has also been named to Deloitte & Touche`s ``Fast 500`` list of the fastest growing companies in the United States. Software Magazine named SafeNet to its annual software 500 list, which highlights companies in the enterprise software space that are fueling the Internet economy. Finally, Upside Magazine and The Yankee Group recognized SafeNet as an ``E-Biz 150`` winner in 2000 for its ``industry leading`` VPN technology.

Soft-PK(TM), SafeNet`s de facto standard VPN remote access client, also received several accolades from the media and industry experts for its strong performance and features. Internet Telephony selected Soft-PK as its Product of the Year in the VPN category. Soft-PK was also selected as a ``Pick of 2000`` in the VPN category by SC Magazine for its 2001 Buyers` Bible for security products. One particularly exciting highlight came from an analyst firm, Infonetics Research, which identified Soft-PK in 2000 as one of the two industry leaders for secure remote access VPNs.

In 2000, SafeNet continued to win important OEM customers and penetrate global distribution channels that have established the company`s industry leading position. Examples of significant customer wins include RSA Security, 3Com, Intel, Netscreen, Radguard, OpenReach, RapidStream, and Furukawa Electric - one of Japan`s largest suppliers of ISDN routers. Cisco added to its deployment of SafeNet Technology with two recently introduced firewall products.

SafeNet introduced a PCI board in 2000 that provides hardware-based acceleration of VPNs and other e-commerce applications. OEM customers distributing the PCI board include Intel and Cisco. Other new products for the year included the 5.0 version of Soft-PK, which introduced advanced features such as Layer Two Tunneling Protocol (L2TP) as well as Windows 2000 support. SafeNet also introduced the CryptCore 1140 chip, which provides VPN functions for cable and DSL modems, routers, residential gateways, and other small office/home office (SOHO) networking devices. CryptCore provides unmatched performance at the lowest price point available in the SOHO market.

SafeNet`s OEM and end-user segments continue to grow. The IRS successfully implemented SafeNet`s Technology into its Secure Dial-In Program for secure remote access communications, and is rolling out its 15,000th user. As mentioned above, SafeNet`s OEM business is rapidly expanding to include an increasing number of blue chip customers and leading security vendors such as Intel, 3Com, Nokia, RSA Security, and Radguard.

As a result of SafeNet`s industry achievements and recent name change, the company will be launching a cross-country ``Secure Tour`` at the end of January 2001 to educate the public about security and promote the company`s leading software, hardware, and silicon technologies. SafeNet will be meeting with businesses, financial and industry analysts, customers, and the media in an old-style, on-the-road campaign and information exchange.

Current Outlook for First Quarter and Full Year 2001

As a result of the SEC`s new Regulation FD (``fair disclosure``), SafeNet has amended its procedures on corporate disclosure related to publishing forward-looking statements and risk factors statements. SafeNet currently intends to publish in quarterly earnings releases its expectations for the next quarter and the fiscal year with respect to revenues and earnings per share. The following statements are based on current expectations. These statements are forward-looking and actual results may differ materially.

SafeNet will continue its current policy of a ``Quiet Period`` towards the end of each fiscal quarter. During the Quiet Period, SafeNet and its representatives will not comment concerning previously published financial expectations, and SafeNet disclaims any obligation to update during the Quiet Period. The public should not rely on previously published expectations during the Quiet Period. SafeNet`s Quiet Period begins on the 16th day of the last month of the quarter until the earnings release. Prior to the start of SafeNet`s Quiet Period, the public can continue to rely on the expectations published in this Current Outlook section as the current expectations for revenues and earnings per share unless SafeNet publishes a notice stating otherwise.

For the year ending December 31, 2001, SafeNet currently expects to achieve tax-affected (35% tax rate) earnings in the range of $.95 to $1.05 per fully diluted share, an increase of approximately 90% compared to fiscal year 2000 tax affected (35% tax rate) diluted earnings per share of $.52. For the year ending December 31, 2001, we expect revenues to be in the range of $40 to $42 million, which represents an approximate increase of 40% from fiscal year 2000 revenues of $29 million.

For the quarter ending March 31, 2001, SafeNet currently expects to achieve revenues in the range of $9 to $9.2 million, which approximates an increase of 57% compared to first quarter 2000 revenues of $5.8 million. Tax-affected (35% tax rate) earnings for the first quarter of 2001 are expected to be in the range of $0.21 to $0.24 per fully diluted share as compared to tax-affected (35% tax rate) earnings of $.03 per fully diluted share for the first quarter of 2000.

About SafeNet, Inc.

SafeNet (Nasdaq: SFNT - news) delivers the most widely deployed Virtual Private Network (VPN) technology for secure business communications over the Internet. The company brings over 15 years of experience in developing, deploying, and managing network security systems for the most security-conscious financial institutions and government organizations around the world. SafeNet`s proven technology has emerged as the de facto industry standard for VPNs, establishing the company as the provider of choice for leading Internet infrastructure manufacturers, service providers, and security vendors. Customers include Cisco Systems, Nortel Networks, Nokia, and 3Com. With SafeNet securing the infrastructure of today`s e-business communications, the company is opening new markets for interoperable, secure, and deployable VPN communications.

``Safe Harbor`` Statement under the Private Securities Litigation Reform Act of 1995

Statements in this release concerning SafeNet`s future prospects are ``forward-looking statements`` under the Federal securities laws. There can be no assurance that future results will be achieved, and actual results could differ materially from forecasts, estimates, and summary information contained in this news release. Important factors that could cause actual results to differ materially are included, but are not limited to, those listed in SafeNet`s periodic reports and registration statements filed with the Securities and Exchange Commission. The Company assumes no obligation to update information concerning its expectations.

SafeNet is a trademark of SafeNet, Inc.

All other product and company names mentioned herein may be the trademarks of their respective companies.