diff --git a/SharedMemory/BufferWithLocks.cs b/SharedMemory/BufferWithLocks.cs
index 89f257a..62e41dd 100644
--- a/SharedMemory/BufferWithLocks.cs
+++ b/SharedMemory/BufferWithLocks.cs
@@ -28,7 +28,11 @@
 using System.Collections.Generic;
 using System.Linq;
 using System.Runtime.InteropServices;
+#if NETFULL
+using System.Security.AccessControl;
 using System.Security.Permissions;
+using System.Security.Principal;
+#endif
 using System.Text;
 using System.Threading;
 
@@ -59,6 +63,18 @@ public abstract class BufferWithLocks : SharedBuffer
         /// </summary>
         protected EventWaitHandle ReadWaitEvent { get; private set; }
 
+#if NETFULL
+        private static EventWaitHandleSecurity CreateDefaultWaitHandleSecurity()
+        {
+            EventWaitHandleSecurity eventWaitHandleSecurity = new EventWaitHandleSecurity();
+            eventWaitHandleSecurity.AddAccessRule(new EventWaitHandleAccessRule(new SecurityIdentifier(WellKnownSidType.WorldSid, null), 
+                EventWaitHandleRights.FullControl, AccessControlType.Allow));
+            return eventWaitHandleSecurity;
+        }
+
+        private static readonly EventWaitHandleSecurity waitHandleSecurity = CreateDefaultWaitHandleSecurity();
+#endif
+
         #region Constructors
 
         /// <summary>
@@ -70,8 +86,48 @@ public abstract class BufferWithLocks : SharedBuffer
         protected BufferWithLocks(string name, long bufferSize, bool ownsSharedMemory)
             : base(name, bufferSize, ownsSharedMemory)
         {
-            WriteWaitEvent = new EventWaitHandle(true, EventResetMode.ManualReset, Name + "_evt_write");
-            ReadWaitEvent = new EventWaitHandle(true, EventResetMode.ManualReset, Name + "_evt_read");
+#if NET45
+            EventWaitHandle writeWaitEvent;
+            if (EventWaitHandle.TryOpenExisting(Name + "_evt_write", out writeWaitEvent))
+            {
+                WriteWaitEvent = writeWaitEvent;
+            }
+            else
+            {
+                WriteWaitEvent = new EventWaitHandle(true, EventResetMode.ManualReset, Name + "_evt_write", out _, waitHandleSecurity);
+            }
+            EventWaitHandle readWaitEvent;
+            if (EventWaitHandle.TryOpenExisting(Name + "_evt_read", out readWaitEvent))
+            {
+                ReadWaitEvent = readWaitEvent;
+            }
+            else
+            {
+                ReadWaitEvent = new EventWaitHandle(true, EventResetMode.ManualReset, Name + "_evt_read", out _, waitHandleSecurity);
+            }
+#elif NET40 || NET35
+            WriteWaitEvent = new EventWaitHandle(true, EventResetMode.ManualReset, Name + "_evt_write", out _, waitHandleSecurity);
+            ReadWaitEvent = new EventWaitHandle(true, EventResetMode.ManualReset, Name + "_evt_read", out _, waitHandleSecurity);
+#elif NETCORE
+            EventWaitHandle writeWaitEvent;
+            if (EventWaitHandle.TryOpenExisting(Name + "_evt_write", out writeWaitEvent))
+            {
+                WriteWaitEvent = writeWaitEvent;
+            }
+            else
+            {
+                WriteWaitEvent = new EventWaitHandle(true, EventResetMode.ManualReset, Name + "_evt_write");
+            }
+            EventWaitHandle readWaitEvent;
+            if (EventWaitHandle.TryOpenExisting(Name + "_evt_read", out readWaitEvent))
+            {
+                ReadWaitEvent = readWaitEvent;
+            }
+            else
+            {
+                ReadWaitEvent = new EventWaitHandle(true, EventResetMode.ManualReset, Name + "_evt_read");
+            }
+#endif
         }
 
         #endregion
diff --git a/SharedMemory/CircularBuffer.cs b/SharedMemory/CircularBuffer.cs
index bab2f9d..95cf92b 100644
--- a/SharedMemory/CircularBuffer.cs
+++ b/SharedMemory/CircularBuffer.cs
@@ -45,17 +45,17 @@ namespace SharedMemory
     public unsafe class CircularBuffer : SharedBuffer
     {
         #region Public/Protected properties
-        
+
         /// <summary>
         /// The number of nodes within the circular linked-list
         /// </summary>
         public int NodeCount { get; private set; }
-        
+
         /// <summary>
         /// The buffer size of each node
         /// </summary>
         public int NodeBufferSize { get; private set; }
-        
+
         /// <summary>
         /// Event signaled when data has been written if the reading index has caught up to the writing index
         /// </summary>
@@ -76,7 +76,7 @@ protected virtual long NodeHeaderOffset
                 return 0;
             }
         }
-            
+
         /// <summary>
         /// Where the linked-list nodes are located within the buffer
         /// </summary>
@@ -120,7 +120,7 @@ protected virtual Node* this[int i]
         #region Private field members
 
         private NodeHeader* _nodeHeader = null;
-        
+
         #endregion
 
         #region Structures
@@ -192,7 +192,7 @@ public struct Node
             /// Represents the offset relative to <see cref="SharedBuffer.BufferStartPtr"/> where the data for this node can be found.
             /// </summary>
             public long Offset;
-            
+
             /// <summary>
             /// Represents the index of the current node.
             /// </summary>
@@ -214,6 +214,9 @@ public struct Node
         /// <param name="name">The name of the shared memory to be created</param>
         /// <param name="nodeCount">The number of nodes within the circular linked-list (minimum of 2)</param>
         /// <param name="nodeBufferSize">The buffer size per node in bytes. The total shared memory size will be <code>Marshal.SizeOf(SharedMemory.SharedHeader) + Marshal.SizeOf(CircularBuffer.NodeHeader) + (Marshal.SizeOf(CircularBuffer.Node) * nodeCount) + (bufferSize * nodeCount)</code></param>
+#if !(NET35)
+        /// <param name="openExisting">Indicates whether to allow opening an existing if already exists.</param>
+#endif
         /// <remarks>
         /// <para>The maximum total shared memory size is dependent upon the system and current memory fragmentation.</para>
         /// <para>The shared memory layout on 32-bit and 64-bit architectures is:<br />
@@ -225,10 +228,22 @@ public struct Node
         /// </code>
         /// </para>
         /// </remarks>
-        public CircularBuffer(string name, int nodeCount, int nodeBufferSize)
-            : this(name, nodeCount, nodeBufferSize, true)
+        public CircularBuffer(string name, int nodeCount, int nodeBufferSize
+#if !(NET35)
+            , bool openExisting = false
+#endif
+            )
+            : this(name, nodeCount, nodeBufferSize, true
+#if !(NET35)
+                , openExisting
+#endif
+            )
         {
-            Open();
+            Open(
+#if !(NET35)
+            openExisting
+#endif
+            );
         }
 
         /// <summary>
@@ -236,12 +251,20 @@ public CircularBuffer(string name, int nodeCount, int nodeBufferSize)
         /// </summary>
         /// <param name="name">The name of an existing <see cref="CircularBuffer"/> previously created with <see cref="SharedBuffer.IsOwnerOfSharedMemory"/>=true</param>
         public CircularBuffer(string name)
-            : this(name, 0, 0, false)
+            : this(name, 0, 0, false
+#if !(NET35)
+                , false
+#endif
+            )
         {
             Open();
         }
 
-        private CircularBuffer(string name, int nodeCount, int nodeBufferSize, bool ownsSharedMemory)
+        private CircularBuffer(string name, int nodeCount, int nodeBufferSize, bool ownsSharedMemory
+#if !(NET35)
+            , bool openExisting = false
+#endif            
+            )
             : base(name, Marshal.SizeOf(typeof(NodeHeader)) + (Marshal.SizeOf(typeof(Node)) * nodeCount) + (nodeCount * (long)nodeBufferSize), ownsSharedMemory)
         {
             #region Argument validation
@@ -451,10 +474,10 @@ public virtual int Write(byte[] source, int startIndex = 0, int timeout = 1000)
 
             // Copy the data
             int amount = Math.Min(source.Length - startIndex, NodeBufferSize);
-            
+
             Marshal.Copy(source, startIndex, new IntPtr(BufferStartPtr + node->Offset), amount);
             node->AmountWritten = amount;
-            
+
 
             // Writing is complete, make readable
             PostNode(node);
@@ -645,9 +668,9 @@ protected virtual void ReturnNode(Node* node)
                 Interlocked.CompareExchange(ref _nodeHeader->ReadEnd, node->Next, blockIndex);
 #pragma warning restore 0420
 
-               // If a writer thread is waiting on "node available" signal the event
+                // If a writer thread is waiting on "node available" signal the event
                 if (node->Prev == _nodeHeader->WriteStart)
-                        NodeAvailable.Set();
+                    NodeAvailable.Set();
             }
         }
 
@@ -710,7 +733,7 @@ public virtual int Read<T>(T[] destination, int startIndex = 0, int timeout = 10
         /// <returns>The number of bytes read</returns>
         /// <exception cref="ArgumentOutOfRangeException">If the size of <typeparamref name="T"/> is larger than <see cref="NodeBufferSize"/>.</exception>
         public virtual int Read<T>(out T destination, int timeout = 1000)
-            where T: struct
+            where T : struct
         {
             int structSize = Marshal.SizeOf(typeof(T));
             if (structSize > NodeBufferSize)
diff --git a/SharedMemory/SharedArray.cs b/SharedMemory/SharedArray.cs
index a2c1981..d3f16db 100644
--- a/SharedMemory/SharedArray.cs
+++ b/SharedMemory/SharedArray.cs
@@ -76,13 +76,24 @@ public T this[int index]
         /// </summary>
         /// <param name="name">The name of the shared memory array to be created.</param>
         /// <param name="length">The number of elements to make room for within the shared memory array.</param>
-        public SharedArray(string name, int length)
+#if !(NET35)
+        /// <param name="openExisting">Indicates whether to allow opening an existing if already exists.</param>
+#endif
+        public SharedArray(string name, int length
+#if !(NET35)
+            , bool openExisting = false
+#endif
+            )
             : base(name, Marshal.SizeOf(typeof(T)) * length, true)
         {
             Length = length;
             _elementSize = Marshal.SizeOf(typeof(T));
 
-            Open();
+            Open(
+#if !(NET35)
+                openExisting
+#endif
+            );
         }
 
         /// <summary>
diff --git a/SharedMemory/SharedBuffer.cs b/SharedMemory/SharedBuffer.cs
index fff7b9a..c5011fc 100644
--- a/SharedMemory/SharedBuffer.cs
+++ b/SharedMemory/SharedBuffer.cs
@@ -29,7 +29,12 @@
 using System.IO.MemoryMappedFiles;
 using System.Linq;
 using System.Runtime.InteropServices;
+#if NETFULL
+using System.IO;
+using System.Security.AccessControl;
 using System.Security.Permissions;
+using System.Security.Principal;
+#endif
 using System.Text;
 using System.Threading;
 
@@ -191,6 +196,28 @@ protected SharedBuffer(string name, long bufferSize, bool ownsSharedMemory)
 
         #region Open / Close
 
+#if NETFULL
+        private static readonly WellKnownSidType[] defaultAllowedList = {
+            WellKnownSidType.CreatorOwnerSid,
+            WellKnownSidType.BuiltinAdministratorsSid,
+            WellKnownSidType.LocalSystemSid,
+            WellKnownSidType.LocalServiceSid,
+            WellKnownSidType.NetworkServiceSid,
+            WellKnownSidType.WorldSid
+        };
+
+        private FileSecurity BuildSecurityDescriptor(IEnumerable<WellKnownSidType> allowedList)
+        {
+            FileSecurity fileSecurity = new FileSecurity();
+            foreach (WellKnownSidType allowed in allowedList)
+            {
+                SecurityIdentifier identity = new SecurityIdentifier(allowed, null);
+                fileSecurity.AddAccessRule(new FileSystemAccessRule(identity, FileSystemRights.FullControl, AccessControlType.Allow));
+            }
+            return fileSecurity;
+        }
+#endif
+
         /// <summary>
         /// Creates a new or opens an existing shared memory buffer with the name of <see cref="Name"/> depending on the value of <see cref="IsOwnerOfSharedMemory"/>. 
         /// </summary>
@@ -200,7 +227,11 @@ protected SharedBuffer(string name, long bufferSize, bool ownsSharedMemory)
         /// <exception cref="System.IO.FileNotFoundException">If trying to open a new shared memory buffer that does not exist as a consumer of existing buffer.</exception>
         /// <exception cref="System.ArgumentOutOfRangeException">If trying to create a new shared memory buffer with a size larger than the logical addressable space.</exception>
         [System.Diagnostics.CodeAnalysis.SuppressMessage("Microsoft.Usage", "CA2202:Do not dispose objects multiple times")]
-        protected bool Open()
+        protected bool Open(
+#if !(NET35)
+            bool openExisting = false
+#endif
+            )
         {
             Close();
 
@@ -210,8 +241,28 @@ protected bool Open()
                 if (IsOwnerOfSharedMemory)
                 {
                     // Create a new shared memory mapping
+#if NETFULL && !(NET35)
+                    MemoryMappedFileSecurity memoryMappedFileSecurity = new MemoryMappedFileSecurity();
+                    memoryMappedFileSecurity.SetSecurityDescriptorBinaryForm(BuildSecurityDescriptor(defaultAllowedList).GetSecurityDescriptorBinaryForm());
+                    if (openExisting) {
+                        Mmf = MemoryMappedFile.CreateOrOpen(Name, SharedMemorySize, MemoryMappedFileAccess.ReadWrite,
+                            MemoryMappedFileOptions.DelayAllocatePages, memoryMappedFileSecurity, HandleInheritability.Inheritable);
+                    } else {
+                        Mmf = MemoryMappedFile.CreateNew(Name, SharedMemorySize, MemoryMappedFileAccess.ReadWrite,
+                            MemoryMappedFileOptions.DelayAllocatePages, memoryMappedFileSecurity, HandleInheritability.Inheritable);
+                    }
+#elif NET35
                     Mmf = MemoryMappedFile.CreateNew(Name, SharedMemorySize);
-
+#else
+                    if (openExisting)
+                    {
+                        Mmf = MemoryMappedFile.CreateOrOpen(Name, SharedMemorySize);
+                    }
+                    else
+                    {
+                        Mmf = MemoryMappedFile.CreateNew(Name, SharedMemorySize);
+                    }
+#endif
                     // Create a view to the entire region of the shared memory
                     View = Mmf.CreateViewAccessor(0, SharedMemorySize, MemoryMappedFileAccess.ReadWrite);
                     View.SafeMemoryMappedViewHandle.AcquirePointer(ref ViewPtr);