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Industry: Email Alert RSS FeedAladdin signs agreement to acquire Eutronsec
Telecomworldwire, June 26, 2008
TELECOMWORLDWIRE-26 June 2008-Aladdin signs agreement to acquire Eutronsec(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
Aladdin Knowledge Systems (Nasdaq:ALDN), a provider of Software DRM, USB-based authentication and enterprise secure content management solutions, announced on Wednesday (25 June) it signed a definitive agreement to acquire Eutronsec, SpA, an Italian provider of software protection and authentication products.
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According to Aladdin, the acquisition of Eutronsec is focused on expanding the company's market share and presence in the European region and extending its position as an industry leader in the areas of software protection and authentication. Eutronsec's products, designed to guard against software piracy as well as protect electronic intellectual property, are a complement to Aladdin's portfolio of IT security products.
The value of the transaction is estimated at EUR10m in cash, including acquisition related expenses. The closing of the transaction is subject to customary closing conditions and is expected to be consummated by September 2008.
((Comments on this story may be sent to tww.feedback@m2.com))
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