Secure Computing sells SafeWord to Aladdin
ConvergenceAsia staff
31/07/2008

Aladdin Knowledge Systems, an information security company specialising in authentication, software DRM and content security, and Secure Computing, an enterprise gateway security company, have announced a definitive agreement for Aladdin to acquire the Secure SafeWord product line for approximately $65 million in cash, including acquisition costs.

The acquisition of Secure SafeWord will position Aladdin as the premier strong authentication provider, adding highly innovative token technology as well as a strong market and channel presence to the existing Aladdin eToken family of solutions.

Said Yanki Margalit, Chairman and CEO of Aladdin Knowledge Systems, “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 to Secure Computing’s revenue in 2007.

Daniel Ryan, president and CEO of Secure Computing said the sale of Secure SafeWord enables Secure Computing to redouble its focus on its areas of greatest strength and expertise — delivering comprehensive and integrated Web, mail and network gateway appliances.

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.

The transaction is expected to be consummated in August or September 2008.

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