Israel Science Technology - security

Information security provider Aladdin is to be acquired by Vector Capital for $160 million

noreply@blogspirit.com (ARPU~UP) — Mon, 12 Jan 2009 15:22:00 +0100

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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ClassifEye secures $1.2 million funding for biometric authentication using mobile camera Phones

noreply@blogspirit.com (ARPU~UP) — Thu, 22 Jun 2006 16:30:00 +0200

ClassifEye, a developer of identity management solutions for mobile device, has secured a $1.2 million equity investment from Nobska Ventures. ClassifEye's software technology enables fingerprint authentication and identification using existing mobile camera phones, for handset security, authentication and non-repudiation of financial transactions.

"We believe that ClassifEye can dramatically accelerate expansion of mobile commerce applications in the US and abroad, " said Charlie Moore, Managing Director of Nobska "Our discussions with major carriers and equipment manufacturers confirm that many will strongly prefer ClassifEye's unique technology over more costly, dedicated sensors..., thereby eliminating an existing bottleneck in deployment of biometric enabled handsets and the roll-out of enabled services."

ClassifEye technology eliminates the need for dedicated hardware, like, fingerprint sensors, USB keys and code generators, thereby reducing costs for mass market deployment. The technology enables device security and biometric identification for applications including mCommerce, mBanking, enterprise security, law enforcement and homeland security.

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VeriSign to acquire online fraud detection solutions provider Snapcentric for $12 million

noreply@blogspirit.com (ARPU~UP) — Sun, 12 Feb 2006 20:10:00 +0100

VeriSign has reached a definitive agreement to acquire Snapcentric, a provider of online fraud detection solutions using advanced anomaly detection technology, in a transaction valued at $12 million. The newly acquired technology will be a key addition to VeriSign’s suite of authentication solutions, providing an invisible layer of protection against online fraud.

Snapcentric provides a real time user verification and transaction monitoring system for fighting identity theft and application fraud, rather than focusing on trying to stop the spread of false emails and web sites. All of Snapcentric’s employees in the United States and Kfar-Saba, Israel will become part of VeriSign Security Services.

A July 2005 report issued by Gartner, titled: “Criminals Exploit Consumer Bank Accounts and ATM System Weaknesses” found that an estimated 1.9 million online adults were victims of illegal checking account transfers, resulting in nearly $3.5 billion in losses or an average of just a little more than $1,800 per incident, with banks absorbing most of these losses.

Safend closed a second round funding of $7.4 M from Elron, Intel Capital and Walden Israel

noreply@blogspirit.com (ARPU~UP) — Tue, 10 Jan 2006 20:15:00 +0100

Israeli end-point security solutions, Safend, closed a second round funding of $7.4 million from Elron Electronic Industries, Intel Capital and Walden Israel Venture Capital. The new round will help Safend solidify its US presence and further expand the business into additional global markets, as well as enhance and expand the company product offering.

Founded in 2004, Safend develops enterprise security solutions that prevent data leakage from the enterprise and intrusion to the enterprise through desktops, laptops, mobile devices and the many devices that can be connected to these endpoints through all physical and wireless communication channels including media players, Smart Phones with Bluetooth, USB Flash Drives, and other portable storage devices.

Israeli biometrics security firm IDesia raised $3 million from Partech International

noreply@blogspirit.com (ARPU~UP) — Fri, 02 Dec 2005 23:10:00 +0100

Israeli biometrics security company, IDesia, has raised $3 million in investment capital from venture capital firm, Partech International. The new capital will help to accelerate the development of IDesia's biometric identification technology, which leverages the body's natural Bio-Dynamic Signature (BDS).

IDesia plans to enter into several strategic partnerships with consumer electronics manufacturers, solution providers, and system integrators to accelerate market penetration. Currently, IDesia is partnered with Aladdin Knowledge Systems, Israeli provider of software Digital Rights Management (DRM) and USB-based authentication solutions.

IDesia's BDS technology is based on electro-bio signature that is unique to each individual and can be used to accurately identify any one person from all others. Unlike most biometric technologies, which use pictures or static bio-signals to enroll and identify a person, BDS is based on intrinsic electro-biometric dynamic signals acquired by merely touching a small conductive or metal surface.

Located in Caesarea, IDesia was founded by Baruch Levanon, CEO and Chairman, the founder and former CEO of Power Paper, a provider of thin and flexible micro-power source technology and devices, which has completed a $30 million fundraising round in November 2005. Jacob Perry, the Chairman of the board of United Mizrahi Bank, is serving as a Director in IDesia. Formerly, President and CEO of cellcom and Chief of the Israeli General Security Service, Perry also serves on the Board of Directors of Magal Security Systems Ltd. and as Chairman of Lipman Electronics Engineering.

Elmo-Tech delivers Europe's first domestic violence monitoring solution to the Community of Madrid

noreply@blogspirit.com (ARPU~UP) — Mon, 10 Oct 2005 21:40:00 +0200

Elmo-Tech Ltd., a global provider of offender electronic monitoring technologies, announces a new contract to deliver Europe's first domestic violence monitoring solution to the Community of Madrid, Spain.

Elmo-Tech's domestic violence deterrent system consists of fixed and portable tracking and alert devices. The system uses 3-way cellular, landline and RF communication as well as GPS tracking in order to monitor the aggressor and alert the victim and monitoring centre. The system creates user-defined restricted zones, where upon an aggressor's entry a breach of terms alert is distributed. There are also warning zones for the victims, for the purpose of notifying them of the aggressor's presence in the area. All alerts are communicated in real time to the Red Cross monitoring center and Madrid's 112 emergency services.

Source: Elmo-Tech

Samsung Signed as the Exclusive South Korea Distributor for ioIMAGE Intelligent Video Systems

noreply@blogspirit.com (ARPU~UP) — Wed, 31 Aug 2005 22:55:00 +0200

ioimage, specializing in development of video-based solutions for the security industry, has announced today that Samsung Group affiliate, Samsung Techwin Co., has signed an agreement for exclusive distribution in South Korea of ioimage TotalTrack intelligent-video products. This agreement includes the distribution of existing ioIMAGE products, future OEM, and jointly developed products.

ioimage TotalTrack products feature several built-in modules: IntrusionTrack for detecting intruder scenarios, PTZTrack for transforming pan/tilt/zoom cameras into self-directed intruder-tracking systems, Unattended Threat Detection for detecting left-behind baggage scenarios, Object Removal Detection for detecting if an object has been removed, and Stopped Vehicle for detecting parking and stopped vehicle violations.

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