Gemalto pounces on SafeNet for cloud encryption and authentication
In 2012 it did buy another UK outfit, Cryptocard, for its cloud-based authentication system used by, among others, Oxford University.
A lot of this steady eddy approach has to do with SafeNet's unfashionable origins in the 1980s, the era in which enterprise security was seen as worthy but completely uninteresting to the new masters of the universe. Gemalto itself was formed from a 2006 merger between Gemplus and Axalto, hence the rather awkward name adopted by the combined entities.
Hopefully SafeNet's interesting recent collaboration with security expert Richard Steinnon, the Breach Level Index (BLI), won't fall by the wayside as a new management decides priorities. That attempted to rate data beaches by severity instead of simply their size.