Aladdin To Acquire Secure SafeWord

Aladdin Knowledge Systems and Secure Computing Corporation have entered into 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 a strong authentication provider, adding innovative token technology as well as market and channel presence to the existing Aladdin eToken family of solutions. To continue SafeWord's growth, Aladdin plans to fully engage and support Secure Computing's vibrant network of current SafeWord channel partners. Secure SafeWord added $32 million to Secure Computing's revenue in 2007.

"This acquisition brings sizeable revenues and growth opportunities that perfectly align with Aladdin's business," 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."

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"After considering a number of prospective buyers, Secure Computing chose Aladdin as a partner to ensure a seamless transition and continued services and support for our Secure SafeWord customers and partners," said Daniel Ryan, president and CEO of Secure Computing. "The sale of Secure SafeWord enables Secure Computing to redouble its focus on its areas of strength and expertise — delivering integrated Web, mail and network gateway appliances. The company believes the vast majority of customers and channel partners will both support and celebrate the company's renewed focus."