01/12/2009
Information security provider Aladdin is to be acquired by Vector Capital for $160 million
Information security solutions provider Aladdin Knowledge Systems is to be acquired by an investor group lead by private equity firm Vector Capital for approximately $160 million in cash. The transaction is expected to close in the next two to three months.
Founded in 1985, Aladdin is a provider of security services and solutions used to protect digital assets, enable secure business, and maximize the benefits from creating, selling, distributing and using digital content. The Israeli company revenues in 2008 are expects to be between $124 million and $134 million, compared to $106 million in revenues reported for fiscal year 2007.
In the third quarter of fiscal year 2008 Aladdin completed the acquisition of the Secure SafeWord product line from Secure Computing Corporation for approximately $65 million in cash. It also completed the acquisition of EutronSec, a provider of software protection and authentication products, for approximately €10 million in cash.
Vector Capital is a private equity firm specializing in spinouts, buyouts and recapitalizations of established technology businesses. Among Vector's investments are LANDesk Software, Savi Technology, SafeNet, Precise Software Solutions, and Watchguard Technologies.
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15:22 Posted in Security | Permalink | Comments (0) | Email this | Tags: aladdin knowledge systems, vector capital eutronsec
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