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| Type | Public |
|---|---|
| Key people | Jacob (Yanki) Margalit |
| Industry | Security Software & Services |
| Employees | 464[1] |
| Website | www.Aladdin.com |
Aladdin Knowledge Systems (NASDAQ: ALDN) is a company that provides solutions for software digital rights management and Internet security since 1985. Its corporate headquarters are located in Tel Aviv, Israel.
Aladdin products include: HASP, a digital rights management (DRM) suite of protection and licensing solutions featuring a strong hardware-based system; eToken, portable device for two-factor authentication, password and digital identity management; and the eSafe line of integrated content security solutions, protecting networks against malicious, inappropriate and non-productive Internet-borne content.
In mid-2008, news broke that Vector Capital was attempting to purchase Aladdin. From the fall of 2008 to the official announcement in March 2009, intense talks were held between Vector Capital and Aladdin's founder, Yanki Margalit. Vector initially offered $14.50 per share, but Margalit refused the offer arguing that the company was worth more. Aladdin's shareholders agreed on the merger in February 2009 at $11.50 per share, in cash. In March 2009, Vector Capital acquired Aladdin and officially merged it with SafeNet. [2]
[edit] History
- 1985 - Aladdin Knowledge Systems was established
- 1993 - Aladdin held an Initial Public Offering
- 1995 - Aladdin acquired the software protection business of Elyashim
- 1996 - Aladdin acquired the German company FAST
- 1998 - Aladdin patented USB smart card based authentication tokens
- 2000 - Aladdin acquired 10% of Comsec
- 2001 - Aladdin acquired the ESD assets of Preview Systems
- 2005 - Aladdin completed second offering - 2,000,000 shares with net proceeds of $39m
- 2009 - Aladdin was acquired by Vector Capital and merged with Vector's SafeNet.
[edit] References
- ^ "Company Profile for Aladdin Knowledge Systems Ltd (ALDN)". http://www.zenobank.com/index.php?symbol=ALDN&page=quotesearch. Retrieved on 2008-10-20.
- ^ Shuster, Shmuel (March 2009). Vector completes Aladdin takeover. http://www.haaretz.com/hasen/spages/1073750.html.
2009- Aladdin acquired by Vector Capital Affiliate
[edit] External links
- Official site
- Aladdin Prize granted by the Haifa Center of Law & Technology
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