Aladdin to Partner in New Israeli Venture Capital Fund; Aladdin to invest $10 million in Tamir Fishman Ventures.Business Editors TEL AVIV Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest , Israel--(BUSINESS WIRE)--Feb. 22, 2000 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. (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 : ALDN), a global leader in the field of Internet content and software security, announced today that it will invest $10 million and participate as the strategic Israeli technology partner in Tamir Fishman Ventures II, a new Israeli venture capital fund launched by Tamir Fishman & Co. The fund is expected to raise $150 million and will focus on investments in start-up Israeli technology companies specializing in the Internet, software and communications market segments. "We are extremely pleased by our strategic partnership in this new and exciting Israeli venture capital fund. This is an important strategic step for us as a technology leader in Israel," said Yanki Margalit, President and Chief Executive Officer of Aladdin Knowledge Systems. "We believe this new venture will create and nurture opportunities and relationships with key industry players, new start ups and emerging technologies, as well as providing a great financial investment. We strongly believe we are leading in Israel a worldwide strategic change whereby technology leaders have gained substantial value through developing close relationships with leading venture capital funds Venture Capital Funds An investment fund that manages money from investors seeking private equity stakes in small and medium-size enterprises with strong growth potential. Notes: ". Mr. Margalit will be joining the Tamir Fishman Ventures II strategic advisory board. Tamir Fishman Ventures II will be managed by Tamir Fishman & Co. and headed by Eldad Tamir, co-CEO of Tamir Fishman, and Shai Saul, formerly the Executive VP Business Development at Aladdin, who will be acting as the fund's Managing General Partner. Tamir Fishman & Co. is the leading Israeli technology-focused investment bank. Tamir Fishman Ventures II is the group's second venture capital fund. About Aladdin Aladdin is a global leader in securing digital content, from applications software to Internet use and access. Aladdin's products include HASP (Houston Automatic Spooling Program) A mainframe spooling program that provides task, job and data management functions. HASP - Houston Automatic Spooling Program and Hardlock, software security systems that protect the revenues of developers and publishers; Privilege, a software licensing platform for the Internet; the eSafe line of anti-vandal, anti-virus and content filtering See Web filtering and parental control software. software for PCs and networks connected to the Internet; and eToken for Internet security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. and authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. . Aladdin serves its customers through eight offices located in the world's major software markets as well as a network of 50 distributors serving more than 100 countries. For more information visit our website at www.eAladdin.com. All trademarks and registered trademarks are the property of their respective holders. |
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