Friday, 1 August 2008

Aladdin Knowledge Systems to Acquire Secure SafeWord from Secure Computing

Aladdin Knowledge Systems, an information security leader specializing in authentication, software DRM and content security, and Secure Computing Corporation, an enterprise gateway security company, have announced a definitive agreement for Aladdin to acquire the Secure Secure Computing Corporationfor approximately 65 million dollars in cash, including acquisition costs.

“This acquisition is a major corporate milestone, as it quickly brings sizeable revenues and growth opportunities that perfectly align with Aladdin’s business,” said Yanki Margalit, Chairman and CEO of Aladdin Knowledge Systems.

“Through this acquisition, Aladdin stands as a worldwide leader in strong authentication technology. The incorporation of SafeWord into the Aladdin set of eToken authentication solutions will benefit customers by providing them a broader range of solutions for their security needs.”

To continue SafeWord’s worldwide growth, Aladdin plans to fully engage and support Secure Computing’s substantial, vibrant network of current SafeWord channel partners.

Secure SafeWord added 32 million dollars to Secure Computing’s revenue in 2007.

Upon successful completion, Secure Computing’s SafeWord business unit and all of its employees, including the SafeWord research and development group and SafeWord sales team, are expected to be incorporated into Aladdin Knowledge Systems.