Comsec Ltd Raises $10.2 Million -39.9 Million NIS- in IPO On Tel Aviv Stock Exchange.Business Editors TEL AVIV, Israel--(BUSINESS WIRE)--March 17, 2000 Leading Information Security Consultant, 10 Percent Owned By Aladdin, Achieves Market Capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of $ 53.3 Million (210.4 Million NIS Niš or Nish (both: nēsh), city (1991 pop. 175,391), SE Serbia, on the Nišava River. An important railway and industrial center, it has industries that manufacture textiles, electronics, spirits, and locomotives. ) Comsec Information Security Ltd., a leading consulting firm based in Israel, raised $10.2 million (39.9 million NIS) at 26.6 NIS per share, in an initial public offering on the Tel Aviv Stock Exchange Tel Aviv Stock Exchange Israel's only stock exchange. on March 14. By market close that day, Comsec had achieved a market capitalization of $53.3 million (210.4 million NIS) with 27,755,700 shares outstanding. On December 29, 1999, 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. , based in Tel Aviv, Israel, had acquired a 10 percent interest in Comsec, to enable the two companies to better integrate Aladdin's authentication and content protection products, such as eToken and eSafe, into large corporate enterprises. About Comsec Comsec is a leading information security consulting firm helping corporations implement security into their information technology infrastructure. Founded in 1986, Comsec continues to help corporations adapt to the changing technology with services that include security planning and design, the implementation and integration of designed solutions into multiple platforms, the development of a security policy, network security monitoring and corporate- wide security education and training. The consulting firm's corporate clients include Banco De Bilbao, Bank of Cyprus Bank of Cyprus (CSE: BOCY ATHEX: BOC ), is a major Cypriot financial institution. History The company started off as "The Nicosia Depository" («Ταμιευτήριο η , Coca Cola, Mastercard, Visa, and major banks in Israel. About Aladdin Aladdin (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) 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 software for PCs and networks connected to the Internet; and eToken for Internet security and authentication. 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 the Aladdin web site at www.eAladdin.com. All trademarks and registered trademarks are the property of their respective holders. |
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