Aladdin Knowledge Systems Expands Its Position in the Japanese Market; Increases Its Share in Japanese Subsidiary.NEW YORK--(BUSINESS WIRE)--Dec. 22, 1998--Aladdin Knowledge Systems Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ALDNF), a global leader in Internet and software security, today announced it has reached an agreement with Athena Research Inc., its partner in the Japanese subsidiary Aladdin Japan, to acquire Athena's 49% share in Aladdin Japan, which becomes a wholly-owned subsidiary. Aladdin Japan was established in 1995 jointly with Athena Research, Aladdin's long-standing distributor in Japan. Since then, Aladdin Japan has established itself as a market leader in the Japanese software security market, currently serving and supporting over 1,000 customers. The transformation of Aladdin Japan into a fully-owned subsidiary of Aladdin will further strengthen Aladdin's leading position in the Japanese market. Aladdin is expanding its product offering in Japan, with the establishment of its Internet Security Unit. The expansion includes the recently acquired eSafe line of anti-vandal, anti-virus and security software for the Internet, and Privilege, a comprehensive suite of tools for licensing and distributing software over the Internet and other media. Masaru Kosaka, President of Aladdin Japan, commented, "Aladdin was the first company to develop software protection specifically for the Japanese market, with products compatible with the Japanese versions of the NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. , IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , and Macintosh computers. We are confident that the high-quality and cost effectiveness of Aladdin's products will continue to contribute to Aladdin's position as a leader in Internet and software security in Japan." Yanki Margalit, Aladdin's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. commented: "Aladdin Japan has been very successful in developing our software security and smart card business in Japan. This move shows our belief in the potential for our products in the Japanese market. We are looking forward to continued growth and expansion of our business in this challenging market." About Aladdin: Aladdin Knowledge Systems 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. Ltd. (NASDAQ/NMS: ALDNF) is a global leader in the field of information security. Aladdin's product range includes HASP (Houston Automatic Spooling Program) A mainframe spooling program that provides task, job and data management functions. HASP - Houston Automatic Spooling Program (r) and Hardlock(r), token-based software security systems that ensure license compliance and provide innovative marketing and distribution solutions for developers and publishers; Privilege(r), a comprehensive software licensing tool for software developers; and the award-winning eSafe(T) line of anti-vandal, anti-virus and security software for the Internet. Aladdin is an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. company with headquarters in Tel Aviv, Israel, 7 international offices and distributors in over 40 countries. For more information, visit the Aladdin home page at www.aks.com "Safe Harbor" statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion