Aladdin to acquire Secure SafeWord

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DQC Bureau
New Update

Aladdin Knowledge Systems and Secure Computing Corp announced a definitive
agreement for Aladdin to acquire the Secure SafeWord product line for
approximately $65 million in cash, including acquisition costs.

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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. 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.

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.
Pending a successful completion of the transaction, the acquisition is
anticipated to be accretive to Aladdin on a GAAP diluted earnings per share
basis toward the last quarter of 2009.