Science & Technology
Science and Technology
Science and Technology
Tue, March 24, 2009 Aladdin Knowledge Systems: Aladdin Knowledge Systems Completes Merger With Vector Capital Affiliate
TEL AVIV, ISRAEL and SAN FRANSCISO, CA--(Marketwire - March 24, 2009) - Aladdin Knowledge Systems Ltd. (
Commenting on the announcement, David Fishman, Partner at Vector Capital, said, "We are thrilled that we have successfully brought this transaction to completion. It is now time for all of us to focus on Aladdin's future, leverage the Company's strong products and take advantage of the combination with SafeNet's business to create growth opportunities. We remain incredibly impressed with the quality of Aladdin's management and employees and look forward to working together to build one of the great information security companies."
"We are very excited to close this transaction and begin to move forward on the integration with SafeNet," said Aviram Shemer, CFO at Aladdin. "Our customers will benefit from the strength of the combined companies as we continue to provide our award-winning, innovative security solutions across the globe. Together with our employees, we remain fully committed to the long-term success of Aladdin and SafeNet."
Mr. Shemer continued: "I would especially like to thank Yanki Margalit, our Founder and outgoing CEO and Chairman of the Board. Aladdin's success is a tribute to his vision and his dedication to our customers, shareholders and employees."
In connection with the closing, trading of Aladdin's shares on the NASDAQ Global Market and Tel Aviv Stock Exchange will cease March 24th and Aladdin will de-list the shares from both exchanges.
Shareholders who possess Aladdin share certificates will receive a letter of transmittal with detailed instructions, along with a tax declaration form, from the appointed paying agent, Bank of New York Mellon, regarding the surrender of their certificates for the merger consideration. For shares held in street name by a broker, bank or other nominee, the broker, bank or other nominee will handle the exchange of shares for the shareholders and will provide them with any relevant instructions for effecting the exchange and providing the tax declaration form.
About Aladdin
Aladdin Knowledge Systems (
About Vector Capital
Vector Capital is a leading private equity firm specializing in spinouts, buyouts and recapitalizations of established technology businesses. Vector identifies and pursues these complex investments in both the private and public markets. Vector actively partners with management teams to devise and execute new financial and business strategies that materially improve the competitive standing of these businesses and enhance their value for employees, customers and shareholders. Among Vector's notable investments are LANDesk Software, Savi Technology, SafeNet, Corel Corporation (
© 2009 Aladdin Knowledge Systems, Ltd. All rights reserved. HASP, eToken, eSafe, Aladdin Knowledge Systems and the Aladdin logos are trademarks or registered trademarks of Aladdin Knowledge Systems, Ltd. All other product and brand names mentioned in this document are trademarks or registered trademarks of their respective owners.
