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Identity theft becomes increasing threat
By RYAN NADEL
Israelis lost over $10 million as a result of identity theft in 2005, a significant portion of which was caused by password theft where stolen passwords were used to access victims' bank accounts and perform other malicious transactions.
Those numbers are from Aladdin Knowledge Systems, an Israel-based international data security company that has taken a leading role in developing methods to protect users from password theft in response to the increased vulnerability of passwords, and on Monday hosted the "Absolutely Everybody is Talking Internet Security" conference at the Airport City convention center.
"The concept is just like you have a key for your home and a key for your car, now you have a key for your data," said Aladdin CEO Yanki Margolit.
Margolit presented to the crowd of about 300 Aladdin's eToken user authentication device, which enables users to safely carry their personal digital credentials with them and log on to company networks using a USB key without the use of traditional passwords, which carry with them great risk. A traditional password can easily be stolen, lost, shared or cracked but the eToken, he said, eliminates these risks by securely storing passwords and digital credentials.
"New enemies have emerged as threats, we are now fighting big companies not teenage hackers," explained Shimon Gruper, of Aladdin, at a one of the sessions.
According to Gruper, the world of viruses and Internet theft has been penetrated by big companies who are motivated by the money.
"Cyberspace is more lucrative than the drug trade," he said, quoting statistics from the US Treasury.
Gruper identified the biggest danger as Trojan viruses, which infect the user disguised as, or imbedded in, legitimate software. Trojan viruses have the ability to infiltrate the victim's computer access passwords and track activity, a method referred to as "keylogging."
Gruper reported that during 2005 there was an increase of over 140% in Trojan viruses infecting computers. These increases, he explained were a direct result of organized networks of infectors.
Network security was also on the agenda at the conference. Because security methods often interfere with business operations, Cisco Systems, a US-based worldwide leader in networking, has collaborated with Aladdin to develop security systems that work on the network level as opposed to the individual computer or server level.
"We want security to be a business enabler, we focus on aligning the security practice to the business practice," said Boaz Elgar, security business development manager at Cisco Systems Israel. Cisco's network security products focus on creating a self-defending network, in which the entire network is a point of defense.
Meanwhile, Amir Lecker, director of Israel operations for Utimaco Safeware, a Germany-based data security developer, focused on the unique risk posed by portable devices such as PDAs, cell phones, and laptops, calling these items the "black hole" of data security because they can be easily stolen or simply lost.
"On portable items people do not have specialized security," he said. "There needs to be a mobile security system."
Margolit also commented on the broader Israeli hi-tech market, expressing concerns about its future growth.
"We used to manufacture and develop. Now we are just developing and then turning to someone else and looking for exits," he said, noting that the Indian hi-tech market developed from a center of to a leader in research and development.
"I am concerned that Israel is moving in the opposite direction," he said. "We need to make sure we pass on Israeli hi-tech to the next generation."
http://www.jpost.com/servlet/Satellite?cid=1161811240826&pagename=JPost%2FJPArticle%2FShowFull
Hiccup or flu at Aladdin?
The stock has plunged since a revenue warning. CEO Margalit: We’re not alone.
Gitit Pincas 17 Jul 06 17:20
These days, when Israeli shares are sinking on international bourses, it’s hard to say for certain what the cause is. The mix includes suffered by all technology shares, as the Nasdaq’s index struggle to keep its head above water shows. It includes pressure before the publication of financial reports for the second quarter. There is also includes a new ingredient: the escalation in the security situation in Israel, with Katyushas falling all over the north, and US investors worried that some Israeli companies are halting production and heading to the bomb shelters. The weekend and the start of the new week show that anything is possible.
One Israeli share added to this recipe a special ingredient all of its own. Six days after the end of the second quarter of 2006, Aladdin Knowledge Systems Ltd. (Nasdaq: ALDN; TASE: ALDN) published a revenue warning. Since then, the share has fallen 30%. Aladdin makes USB-based verification and content security management solutions for enterprises. Its market cap is $210 million.
Aladdin’s failure to meet its guidance apparently came as a surprise. Two weeks before the end of the quarter, the company’s managers, including those based abroad, told foreign investors that all was well. Three weeks later, the company was forced to announce that revenue for the second quarter would be $20.8 million, $2 million less than market forecasts and less than its previous guidance of $21.7-23.7 million. The company added that it now expected earnings per share for the second quarter to be $0.22-0.26, down from its previous guidance of $0.26-0.29 (representing a profit of $3.9-4.4 million).
Why is Aladdin missing its guidance? The company left investors in the dark. In the press release, Aladdin chairman, president and CEO Yanki Margalit said, “We encountered softness in select geographic markets during the quarter. As a result, we have undertaken a global restructuring of our sales organization to ensure we capture every sales opportunity and continue to grow our business. To achieve these goals, we have promoted Elinor Nissensohn to the position of global VP of sales and marketing.” He did not mention digital rights management (DRM) or other product lines, nor gave specifics about the source of the problem.
CIBC Capital Markets analysts Shaul Eyal, Yair Reiner, and Manish Hemrajani believe that Aladdin’s problem is in Germany. His hypothesis is that the 2006 World Cup caused the problem. Oscar Gruss analyst Ehud Eisenstein blames the US market. By the way, Margalit has said more than once that he felt too many analysts were covering the company. Jeffries & Co., one of the underwriters for Aladdin’s secondary offering, no longer covers the company, while UBS, which led the offering in early 2005, has not yet begun covering it.
Margalit and Aladdin CFO Efrat Makov spoke with investors recently, but not with the media. In his first interview since the revenue warning, Margalit told “Globes” by phone from the US, “Our sales will be slightly less than forecast, but not our profit.”
“Globes”: What does your analysis show?
Margalit: “We cannot talk about one problematic product during the quarter, but there were a number of territories that were weaker than expected. My research of the industry indicates that we’re not alone in this battle. We may have been the first to announce that our second quarter results will be lower, but we won’t be the only company with lower sales than it expected.”
There won’t be profit warnings at this stage, two weeks after the end of the quarter. Do you mean that companies in your field are likely to miss the numbers?
“It’s possible. We’re seeing difficulties at companies like EMC Corp. (NYSE:EMC), IBM Corp. (NYSE:IBM), and Secure Computing Corp. (Nasdaq:SCUR). I don’t like doing less than I planned and then blaming the market, and I don’t intend to do so. But I see a lot of companies in the industry facing difficulties, some of them back in the previous quarter, the first quarter of 2006, which was full of profit warnings.”
Which geographical areas are your source of weakness? Capital market sources say your biggest problem was the US, and that your sales restructuring is meant to solve it.
“We cannot provide further details.”
What about the hypothesis that the World Cup caused the weakness?
“It’s amusing and interesting. I heard this hypothesis. It seems that people are looking for reasons and excuses in all kinds of places, and not always where they really lie. What is certain is that the entire industry is struggling with growth, more than it originally thought.”
An uncomfortable situation
Is it possible that a large part of the fall in Aladdin’s share is related to a loss of confidence in the company, a problem that is worsening?
“I don’t know how to answer that. It’s hard to distinguish. When a share falls, you always look for the reasons, but I can’t tell you which part our announcement is responsible for, and which part the market as a whole is responsible for. I prefer not to specifically discuss the results, but to propose looking at us in a broader context as an IT company and as an Israeli company. In both respects, we are in an uncomfortable situation. I can say that in general, and not only at Aladdin, we’re facing a more difficult period.”
How much of the quarter did you close during the final month? Was it over 50%. Is it still possible to talk about linearity during a quarter or not?
“We cannot say what the proportion is, but non-linearity is intensifying. Quarters have become increasingly back-end for a long time now. I can say that Aladdin continues to be an excellent company, and we should be analyzed in a broader perspective in terms of time and industry. Aladdin’s general position in terms of products and market is excellent. Unquestionably, the share falls in a period like this with events like these, and that’s OK. I hope that it will respond with equal speed when we supply good news.”
What should we understand from the appointment of Nissensohn? After all, until now, global sales were directly under your authority.
”This is a necessary step and a continuation of a process begun at Aladdin several years ago, in three stages. First was the construction of business units that enabled us to grow and expand. This step meant I had a smaller, but still large, management. The second step was the appointment of CFO Efrat Makov, who basically manages Aladdin’s backbone. Besides this, we had territory managers, and Elinor Nessensohn one of them. This structure was not yet flexible enough, and did not let me see things only from above, as it should be. Therefore, the third step was to take all the global sales organizations and consolidate them under Elinor. Her performance exceeded expectations during the past six quarters, and she’ll build a new sales structure.”
A general question. You’re in the US. What do you hear from Americans about the situation in Israel?
“On one hand, there’s a kind of empathy and sympathy. On the other hand, they’re tired of the situation. They’re sick of it.”
When Aladdin published its warning for the third quarter of 2005, most investment houses subscribed to the theory that it was a hiccup; a one-time crisis that would pass. The company presented very good financial results for the subsequent quarter. On the basis of an analysis of forecasts and recommendations, it now seems that analysts are not so sure that this was a one-time incident. It may be an attack of hiccups. We’re talking about reorganization at a company, something that indicates a performance problem. It is now harder to believe that the second half of 2006 will be better than the market expects, because the problems won’t be solved overnight.
Aladdin will publish its financial report on July 24, at which point it will be possible to see exactly what happened to the forecasts for the second quarter are, what really caused the weakness (Ronaldinho? Zidane? Or maybe simply bad performance), and what can be expected for the year. This happens to be a good opportunity to mention that Retalix Ltd. (Nasdaq: RTLX; TASE: RTLX), another Israeli company that published a profit warning, went even further, and will publish its financial report for the second quarter on August 29. This is not very early, definitely not for a company that wants to send a message of business as usual.
Published by Globes [online], Israel business news - www.globes.co.il - on July 17, 2006
Dubi
Oscar Gruss cuts Aladdin to Hold
09.7.06 | 10:13 By Omri Cohen
As last week rolled to a close, Oscar Gruss analyst Ehud Eisenstein downgraded Aladdin Knowledge Systems (Nasdaq, TASE: ALDN) from Buy to Hold, after the company warned that second-quarter 2006 revenues would fall short of expectations.
Aladdin, a provider of computer network security systems, now sees second-quarter earnings at the lower end of its previous range of 22 cents per share to 26 cents per share. Quarterly sales are now expected to be in a range of $20.8 million to $21 million, down from its prior outlook of $21.7 million to $23.7 million.
Eisenstein says he sees no substantial change in Aladdin's business environment, but the company may be having difficulties in implementing its business program, which it couldn't resolve in the space of a single quarter.
The analyst therefore counsels investors to wait and see what steps the Aladdin management takes in order to restart growth.
Aladdin's field is data security, including software to protect digital copyright. It has two key products, eSafe to protect digital content and eToken, a user identification key when accessing the enterprise network.
In the first half of 2005 Aladdin posted 21% earnings growth, Eisenstein says, but that dropped to 15.8% in the second half. At the end of the third quarter of 2005 Aladdin had warned that growth in its digital protection software sales (DRM) were expected to slow.
Aladdin did not provide a breakdown of product sales, so it's hard to see where the drag is, says the analyst.
For the year 2006 Eisenstein lowered his forecasts, to $95 million sales or 10% growth compared with 2005. His pro forma profit forecast was lowered by 17 cents per share to $1.
In parallel, CIBC World Markets repeated an Outperform rating for Aladdin, but cut the 12-month price target from $25 to $20. Analyst Shaul Eyal thinks the German market, which is responsible for 20-22% of Aladdin's sales, was the main problem in the second quarter, possibly due to distraction by the World Cup.
http://www.haaretz.com/hasen/spages/736240.html
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“Aladdin could become another Symantec”
IT security guru Steve Hunt explains how Israeli security companies can achieve breakthroughs, and talks about the opportunities of the local software giants.
Shlumik Shelah 14 Jun 06 17:02
“Wherever in the world I have clients, Israel is considered the leader in security,” says Steve Hunt, one of the world’s most influential analysts in IT security, explaining what brought him to Israel. “From the corridors of Washington to South America and Scandinavia, everyone always asks me, ‘What’s happening in Israel?’”
Hunt, a former VP for IT security research at Forrester Research (Nasdaq:FORR), left a year ago to found A4 International, where he is trying a slightly different model from the one used at Forrester. He still provides advice and analyses of the security market, especially IT security. At A4 International, he plays a broader role in the decisions of companies that hire his services. A4 International focuses on consultancy and business development relating to convergence of all security fields (information, physical, and homeland security).
Hunt is a technology analyst. Before joining Forrester, he worked for several years at Giga, acquired by Forrester in late 2001. He says that each year he talks with thousands of managers using different security technologies, which is the source of his vast knowledge about security accumulated over years as an analyst. One way in which he helped clients was to match security products suppliers with frustrated customers, which made him popular among security products makers, including quite a few Israeli companies in the sector. Either because of this, or for other reasons, Hunt visits Israel several times a year.
In early June, Hunt participated in the InfoSec 2006 conference organized by Secoz Ltd. Despite his appreciation for Israeli technology, he has quite a bit of criticism of business developments in Israel. “I think that anyone developing technology should check whether the product will be ready for market when the market is ready for the technology, and whether there will be too much competition. These are seemingly simple recommendations, but they’re apparently often forgotten. When I look at the Israeli technology space, I see too many Israeli technology companies doing the same thing. Too many are competing against each other, and not enough are targeting new niches. I’m mainly referring to my field of expertise (the security market), but when I talk with analysts from other sectors, they tell me the same thing.
“On one hand, Israel is known to everyone as a country with a record of high achievement in technology innovation. On the other hand, Israel suffers from competing against itself. When a technology company is a little successful, six other companies immediately pop up to compete against it.”
“Check Point missed growth opportunities”
One Israeli company that Hunt considers a market leader is Aladdin Knowledge Systems Ltd. (Nasdaq: ALDN; TASE: ALDN), run by chairman and CEO Yanki Margalit. Hunt does rule out the possibility that Aladdin could become an acquisition target by a software giant, but he sees the company achieving greatness in another direction.
“To an observer, Aladdin has been a company without a clear strategy from the beginning. The company could grow through acquisition to become a major power in the security sector. If it chooses not to do this, and so far it has not, then I see it as a target for a takeover. The problem with anyone trying to acquire it is to swallow the company’s three product lines - anti-virus (eSafe), authentication (eToken), and copyright protection (HASP). This complicates an acquisition of the company.
“I’d rather see Aladdin acquiring another growing company and turning its brand into a major power. After acquiring Veritas Software, Symantec Corp. (Nasdaq:SYMC) changed from a leading name in security into a major software infrastructure company. I think that there’s room in the security sector for another great name in IT security that will replace Symantec. Aladdin could do it. Symantec was the largest company in the IT security sector, but it now focuses more on infrastructures.
“There’s room in the market for a new large security player in the area of information security or security in general. Aladdin also has a good chance of combining its products with the physical security sector where it will use its eToken solution. Aladdin could become a major brand if it wanted. They could be on the level of Symantec if they wanted; they have the tools for it.”
Hunt is more critical of another Israeli company - Check Point Software Technologies Ltd. (Nasdaq: CHKP). He says Gil Shwed’s security giant has not always picked the right road. “Check Point is a company that for years had many possibilities to exploit opportunities in the market. And I am sure that it’s hard for a company like that to decide over time which opportunities to exploit. As a result, Check Point has missed some growth opportunities, which is not to detract from its success. It executed its decisions. Check Point is a company with technological skills; they constantly create new solutions in the lab. They decide which solutions to bring to market, which partners will help them, and which trends to focus on. This is confusing for a company with one product, certainly for a company with hundreds of products.”
“Symantec should renew itself to cope with Microsoft”
“Globes”: What is the hottest field in the security market today?
Hunt: “In general, event driven management is the hottest field in the security market. Billions of dollars are being poured into it. It includes things such as video surveillance, alarms, and surveillance and locating equipment. These are immense fields of investment and revenue, and they all have one thing in common: all the systems were designed to help us find out what’s happening, how important it is, and what to do about it.”
Hunt mentions a number of Israeli companies in this sector, including NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) (a developer of video surveillance systems), and Orsus Solutions Ltd., run by chairman and CEO Arye Finegold, a co-founder of Mercury Interactive Corp. (Pink Sheets:MERQ). Orsus is developing a situation management response coordination solution.
Hunt says, “Every time I see their solution, I’m pleased. Another sector with room for innovation is video analysis. Today’s technology in this area is inadequate, but Israel has promising companies in this sector, such as start-up Math.”
It seems that Israeli companies are unable to penetrate large homeland security projects.
“Israel is successful in the military sphere, and is known for this in the world. This is a major part of any homeland security solution. Israel appears to be well equipped at the moment to contribute to the world in the area of military technology, and to make the world a better place, but there are products in the simple homeland security sector, such as Haifa-based SDT - Scent Detection Technologies Ltd. (run by chairman Shabtai Shavit, a former head of the Mossad), which has technology for detecting airborne chemicals. This technology could be used to protect airports, for example.”
In your opinion, how can Israeli companies succeed in the security sector?
“I think that the key for success at almost every Israeli technology company is to find a large sales channel partner. There are few technology companies, outside of Check Point, that were wholly Israeli and succeeded. Check Point’s brand is pushed in the world. When people buy Check Point, they know the product is Check Point’s. There’s a simpler strategy, which is to consolidate a number of products in a single package. When Check Point, Aladdin, and even Whale Communications Ltd. (acquired by Microsoft Corp. (Nasdaq:MSFT) a few weeks ago) made sales, they usually went through a distributor who sold several key products to a customer. For example, a customer will buy from a distributor a protection system that includes Check Point’s firewall, together with a number of other products, such as an anti-virus from other software providers. It’s the distributor who provides the package.
“This is equally true in the homeland security sector. It would be correct for a homeland security company to link up with a distributor who will provide packages from several software providers. Another option is to use an OEM-type distributor, or to cooperate with another manufacturer.”
What can IT security companies do against the threat from Microsoft? It seems that Symantec is under pressure.
“All that means is that when a certain technology become standard, such as anti-virus or firewall, Microsoft integrates it into its operating system or another products package. This leaves Symantec, for example, to create the next products. Obviously, they will feel pressured so long as they rely on ant-virus. They have to move on and renew themselves.”
Published by Globes [online], Israel business news - www.globes.co.il - on June 14, 2006
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Aladdin Inks Significant Chinese Distribution Deal with Shanghai Wicresoft, Co. Ltd.
Tuesday June 6, 10:14 am ET
Shanghai Wicresoft Co., Ltd., a joint venture between Microsoft Corporation and the Shanghai Municipal Government, to distribute eToken and HASP - Aladdin CEO attends signing ceremony today in Shanghai
CHICAGO, June 6 /PRNewswire-FirstCall/ -- Aladdin Knowledge Systems (Nasdaq: ALDN - News), the leader in Software DRM, identity management and content security solutions, today announced that Shanghai Wicresoft Co., Ltd., a joint venture between Microsoft Corporation and the Shanghai Municipal Government in China, now serves as a significant distribution partner for the Aladdin eToken identity management solution and HASP software protection and licensing solutions. Aladdin CEO Yanki Margalit attended a signing ceremony today at the Regal International East Asia Hotel in Shanghai.
(Photo: http://www.newscom.com/cgi-bin/prnh/20060606/NYTU100
Logo: http://www.newscom.com/cgi-bin/prnh/20040416/CGALADDINLOGO )
Source: Aladdin Knowledge Systems
· Aladdin & Shanghai Wicresoft, sign a distribution agreement.
· Click Here to Download Image
Designed to strongly promote China's software industry, Wicresoft is considered a powerful influence in China's adoption of the latest technologies and IT management methodologies, as well as one of the most strategic investments in China. Aladdin's distribution agreement with Wicresoft comes as Aladdin's Software Digital Rights Management (DRM) and enterprise security sales continue to climb throughout the region, positioning China as an important step in Aladdin's growing Asian presence. In January 2004, Aladdin announced its first China-based office in Hong Kong, citing the ever-growing demand for software anti-piracy and enterprise security solutions.
"The cooperation between Aladdin and Wicresoft is based on the great perspective of information security industry in China," said Ingrid Wang, President of Shanghai Wicresoft Co., Ltd. "While the 'why' of security may be quite clear nowadays, the 'how' is an entirely different story. Wicresoft is now taking a more active role as a catalyst, coordinator, and the 'bridge' to introduce leading DRM and enterprise security technology into the local market. This enriches our own service system to benefit customers and also accelerates the development of the industry."
"We're pleased to now work hand-in-hand with one of the leading forces in the Chinese IT industry," said Yanki Margalit, CEO of Aladdin Knowledge Systems. "This distribution agreement stands as one of our most strategic efforts in better serving our customers in China. We look forward to increasing our HASP and eToken sales in China through Wicresoft's distinguished position within the country."
About Wicresoft
Shanghai Wicresoft Co., Ltd. is a leading IT and Business Process Outsourcing company in China. Established as a joint venture between Microsoft Corporation and Shanghai Municipal Government in 2002, Wicresoft has spent the last four years dedicated to the success of our customers by leveraging high- quality people and leading-edge technology.
Shanghai Ex-Mayor Chen Liangyu's presence at the signing ceremony of the joint venture between Shanghai Alliance Investment Co Ltd. and Microsoft Corporation signifies Shanghai Municipal Government's full support of the new company. Both investors show full expectations on the cooperation that will introduce advanced concepts of management and latest technology from international industry fields to China, and build up local software companies' competencies for joining in competition in the global IT industry.
Based on the long-term vision, "To be a trusted world-class IT & Business Process Outsourcing Service Provider through Agility, Integrity and Responsibility", Wicresoft offers a wide range of integrated business, technology and process solutions to enable its customers to achieve their business aims and potential. With deep expertise and more than 800 IT professionals, we serve hundreds of government projects and enterprises around the globe, including many Fortune 500 corporations. Having acquired certifications in COPC-2000, ISO-9001 and CMM Level III, Wicresoft aims to be a trusted world-class IT & Business Process Outsourcing Service Provider. Visit www.wicresoft.com.
About Aladdin
Aladdin Knowledge Systems Ltd. is a global provider of security solutions that reduce software theft, authenticate network users and protect against unwanted Internet and e-mail content, including spam, viruses and spyware. Its security products are organized into two segments: Software Digital Rights Management (DRM) and Enterprise Security. Aladdin's Software DRM products allow software publishers to protect their intellectual property and increase revenues by reducing losses from software theft and piracy. Its Enterprise Security solutions enable organizations to secure their information technology assets by controlling who has access to their networks (authentication) and what content their users can utilize (content security). Visit the Aladdin Web site at www.Aladdin.com.
http://biz.yahoo.com/prnews/060606/nytu100.html?.v=53
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Aladdin eSafe Named Best Anti-Trojan Solution in 2006 SC Magazine European Awards
Monday May 1, 7:58 am ET
Aladdin eSafe gains significant recognition in U.S. and European SC Magazine Awards
CHICAGO, May 1 /PRNewswire-FirstCall/ -- Aladdin Knowledge Systems (Nasdaq: ALDN - News), the leader in Software DRM, identity management and content security solutions, today announced that Aladdin eSafe, an integrated, proactive content security, spyware and virus protection solution for the Internet gateway, received the "Best Anti-Trojan" award in the 2006 SC Magazine European Awards. On February 15th, Aladdin also announced that eSafe won the same award in this year's SC Magazine U.S. Awards.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040416/CGALADDINLOGO )
This latest recognition in Europe was presented to Shimon Gruper, vice president of technologies for the Aladdin eSafe Business Unit, during an awards ceremony on April 25th in London. SC Awards stand as prestigious recognition in the information security industry, with winners being selected among long lists of candidates. The two SC Magazine Awards accompany the recent release of Aladdin eSafe 5 FR2, which brings to market the most comprehensive Web security for organizations, together with a new URL Filtering Module and Spyware Neutralizer designed for protection against the fast-growing number of malicious Web sites containing dangerous spyware.
"It's a unique honor for Aladdin eSafe to receive such prestigious awards on both sides of the Atlantic," Gruper said. "We're even more pleased to see eSafe selected as the 'Best Anti-Trojan' solution within days of announcing eSafe 5 FR2 -- the latest version of the product that continues to expand its best-of-breed protection for Web browsing, anti-spyware and application filtering. These awards illustrate our commitment to providing zero-day protection for the top threats facing organizations today."
About Aladdin eSafe 5
Aladdin eSafe is an integrated gateway content security solution providing proactive email security and Web browsing security. As an in-line, transparent solution, eSafe offers the industry's highest content security performance, encompassing:
-- Layered anti-spyware
-- Spam management
-- Application filtering
-- Proactive anti-virus technologies
Unlike other products which focus on viruses, eSafe protects users and the enterprise from Web-borne content threats including spam, viruses, known and unknown worms, Trojans, Webpage malicious code, spyware, unauthorized P2P, Instant Messaging applications, and more. With eSafe, organizations take control before problems arise, saving valuable time as well as thousands of dollars in costly repairs, and providing content security where it counts most -- at the gateway front line. For more information on Aladdin eSafe, visit http://www.Aladdin.com/eSafe.
About SC Awards
With over 1,300 product and service nominations from over 330 competing companies globally, the SC Awards are the world's leading awards program for the information security industry. The SC Awards program spans US, Asia, and UK. The SC Awards are composed of both the Reader Trust Technology Awards -- voted on by SC readers in each region and the SC Awards Council, a group of carefully selected senior CSOs -- and the Professional Awards that are judged by a panel of the industry's top talents.
Recognizing technical excellence and professional achievement across a variety of different categories, the SC Awards is a truly unique program developed to bring attention to the industry's top products and highlight the professionals that have both created them and use them within their companies. For more information, visit http://www.scmagazine.com.
About Aladdin
Aladdin Knowledge Systems Ltd. is a global provider of security solutions that reduce software theft, authenticate network users and protect against unwanted Internet and e-mail content, including spam, viruses and spyware. Its security products are organized into two segments: Software Digital Rights Management (DRM) and Enterprise Security. Aladdin's Software DRM products allow software publishers to protect their intellectual property and increase revenues by reducing losses from software theft and piracy. Its Enterprise Security solutions enable organizations to secure their information technology assets by controlling who has access to their networks (authentication) and what content their users can utilize (content security). Visit the Aladdin Web site at http://www.Aladdin.com.
http://biz.yahoo.com/prnews/060501/nym137.html?.v=41
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Aladdin Knowledge Systems Reports First Quarter 2006 Financial Results
Monday April 24, 7:00 am ET
Record Revenues of $22.9 Million
GAAP Net Income of $3.8 Million or $0.25 Per Diluted Share
Non-GAAP Net Income of $4.3 Million or $0.28 Per Diluted Share
CHICAGO and TEL AVIV, Israel, April 24 /PRNewswire-FirstCall/ -- Aladdin Knowledge Systems (Nasdaq: ALDN - News), the leader in Software DRM, identity management and content security solutions, today announced financial results for the first quarter of fiscal year 2006 ended March 31, 2006.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040416/CGALADDINLOGO )
Revenues for the first quarter of 2006 were a record $22.9 million, an increase of 12 percent from $20.3 million for the same period in 2005. Aladdin again recorded double digit year-over-year growth rates in both of the Company's operating segments, Software DRM and Enterprise Security. Software DRM revenues for the first quarter were $16.1 million, an increase of 12 percent from $14.4 million in the same period in 2005. Enterprise Security revenues for the first quarter of 2006 were $6.8 million, a 14 percent increase from $5.9 million recorded in the same period in 2005.
Net income in accordance with Generally Accepted Accounting Principles (GAAP) for the first quarter of 2006 was $3.8 million or $0.26 per basic share and $0.25 per diluted share and compared to first quarter of 2005 GAAP net income of $1.2 million or $0.10 per basic share and $0.09 per diluted share. GAAP net income for the first quarter of 2005 was impacted by a $2 million one-time charge to settle a patent lawsuit. The one-time charge reduced net income per basic and diluted share by $0.15 and $0.14, respectively.
Non-GAAP net income for the first quarter of 2006, excluding stock-based compensation expense related to the Company's adoption of Financial Accounting Standards (FAS) No. 123R of approximately $0.5 million was $4.3 million, or $0.30 per basic share and $0.28 per diluted share. (Refer to the "Use of Non-GAAP Measures" section and accompanying financial table for reconciliation of GAAP financial information to Non-GAAP).
Cash, cash equivalents and marketable securities totaled $80.6 million at March 31, 2006, up $3.4 million from $77.2 million reported at the end of 2005. The increase was mainly attributable to positive cash flow from operations during the first fiscal quarter 2006 of $3.6 million.
Yanki Margalit, Chairman and CEO of Aladdin Knowledge Systems said, "Aladdin recorded an excellent start to 2006, with balanced year-over-year growth across our core Software DRM and Enterprise Security business segments. Strong demand for all of our advanced security solutions has allowed Aladdin to deliver record revenues, operating income and first quarter net income. The primary driver behind our top and bottom line financial performance is our ongoing ability to deliver innovative products and security solutions which meet the evolving needs of our global customer base."
Financial and Operating Highlights
- Record quarterly revenues of $22.9 million.
- Non-GAAP net income of $4.3 million, excluding stock-based
compensation expense of $0.5 million.
- Cash flow from operating activities totaled $3.6 million.
- Cash, cash equivalents and marketable securities increased by $3.4
million to $80.6 million.
Product Highlights
- Software Security (DRM)
* Launched the latest version of HASP HL, Aladdin's Software DRM
solution. Advanced features include stronger software anti-piracy
measures, new developer tools, and broader support for operating
systems.
- eSafe® Integrated Proactive Content Security Solution
* Aladdin eSafe named "Best Anti-Trojan" solution at the 2006 SC
Magazine Awards.
* Aladdin gained strong traction with its ISP/Mobile initiative,
signing contracts with two ISPs and two cellular phone operators
from Europe, the Middle East and Asia who are deploying the new
eSafe Mobile Content Security Gateway (MCSG) solution.
- eToken(TM) User Authentication Solution
* Aladdin signed an OEM agreement, expanding its partnership with RSA
Security. Under the agreement, RSA Security will release a new RSA
SecurID® authenticator that incorporates the Aladdin eToken USB
technology.
* Aladdin announced two new patent licensing and OEM agreements for
its eToken technology.
* Presented eToken NG-FLASH, a device that combines the powerful
capabilities of strong authentication with the convenience of a
mass storage device, and demonstrated a new biometric
authentication technology based on cardiac patterns. The new
cardio-based biometric technology provides authentication using a
person's natural BioDynamic Signature (BDSTM).
For further information on product highlights, please refer to the press room on the Company's Web site which can be found at http://www.Aladdin.com/about/pressroom.asp .
Future Business Outlook
Aladdin continues to provide a business outlook on a quarterly basis. The Company undertakes no obligation to update its estimates. Based on current business activities and general economic conditions, Aladdin's management believes revenues for the second quarter of fiscal 2006 will be in the range of $21.7 million to $23.7 million. Non-GAAP diluted earnings per share for the second quarter of 2006 are expected to be in the range of $0.26 to $0.29, excluding the impact of stock-based compensation expense which is anticipated to be between $0.03 to $0.04 per diluted share. GAAP diluted earnings per share for the second quarter of 2006 are expected to be in the range of $0.22 to $0.26.
Use of Non-GAAP Measures
This press release provides financial measures for net income and basic and diluted earnings per share that exclude stock-based compensation expense and are therefore not calculated in accordance with generally accepted accounting principals (GAAP). Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance that enhances management's and investors' ability to evaluate the Company's net income and earnings per share and to compare it with historical net income and earnings per share prior to the adoption of FAS 123R.
The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Management uses both GAAP and non-GAAP measures when evaluating the business internally and therefore felt it important to make these non-GAAP adjustments available to investors.
Earnings Teleconference
The Company will hold a teleconference today, April 24th, at 9:00 a.m. EDT to discuss the quarterly results. To participate in the call, please dial (800) 399-0427 in North America, or +1 (706) 643-1624 internationally, approximately five minutes prior to the scheduled call start time. The call is being simultaneously Web cast and can be accessed on the Aladdin Web site at http://www.Aladdin.com/investor. Please visit the Web site at least 15 minutes prior to the scheduled call time to register for the Web cast and download any necessary audio software.
A replay of the call can also be accessed via telephone from 12:00 p.m. EDT on April 24th through 11:59 p.m. on May 1st by calling (800) 642-1687 in North America, or +1 (706) 645-9291 internationally, and entering the following access code: 7600190. A Web cast replay of the call will also be made and can be accessed on the Aladdin Web site at http://www.Aladdin.com/investor.
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Aladdin eSafe 5 FR2 Offers Most Comprehensive Web Security and Spyware Protection for the Gateway
Monday April 17, 8:00 am ET
Aladdin eSafe 5 Feature Release 2 to be available May 1st - New URL Filtering Module and Spyware Neutralizer offer extensive protection against illicit Web sites containing dangerous spyware
CHICAGO, April 17 /PRNewswire-FirstCall/ -- Aladdin Knowledge Systems (Nasdaq: ALDN - News), the leader in Software DRM, identity management and content security solutions, today announced that Aladdin eSafe 5 Feature Release (FR) 2 will be released for general availability on May 1st 2006. This latest eSafe solution brings to market the most comprehensive Web security for organizations, together with a new URL Filtering Module and Spyware Neutralizer designed for protection against the fast-growing number of malicious Web sites containing dangerous spyware.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040416/CGALADDINLOGO )
Prior to the growth in spyware, URL filtering was simply a tool for maintaining employee productivity. With the introduction and proliferation of spyware and Web surfing attacks, the weight shifted almost entirely to spyware blocking and security. eSafe 5 FR2's new URL filtering capabilities prove vitally important for an organization's security, since huge numbers of inappropriate Web sites clearly contain harmful spyware that can result in damaging information and identity theft. This security layer comes in addition to eSafe's unique four-layer anti-spyware protection with AppliFilter(TM) capabilities that identifies and blocks outbound spyware traffic.
"It is becoming increasingly more common for organizations to be infected with spyware and other threats simply by browsing the Internet -- something we did without thinking for years," said Matt Anderson, market analyst for The Radicati Group. "Now, it's clear that organizations must take stronger precautions and employ powerful, new tools such as those inside Aladdin eSafe 5 FR2 in order to greatly reduce the risk of these dangerous Web-borne threats."
"eSafe 5 FR2 represents a shift in the role of URL filtering -- now a critical component of Web content filtering in order to maintain security, safety and productivity," said Shimon Gruper, vice president of technologies for the Aladdin eSafe Business Unit. "In fact, traditional URL filtering companies are attempting to position themselves as security companies. However, there is a lot of expertise to gain in a short amount of time. Since 1997, Aladdin has been focused on Web browsing security, investing significant development into eSafe 5 FR2's unmatched spyware protection. eSafe 5 FR 2 stands as the clear answer to overall Web security, offering the most comprehensive set of tools for blocking the latest threats. We're pleased to harness Aladdin's specialty and security expertise through the release of eSafe 5 FR2."
eSafe 5 FR2 offers unmatched Web browsing security and Web filtering, eliminating threats common to Web sites that are usually categorized as not work related. eSafe employs the largest and most accurate database of classified URLs in the world, with over 20 million entries, 58 categories, and more than 100,000 daily updates -- five to ten times competing databases. Featuring the largest, most accurate, and most advanced URL filtering database eSafe uses sophisticated algorithms and intelligent crawling and analysis to guarantee that 97 percent of all browsed Web sites in an organization are indexed.
Numerous new features inside eSafe 5 FR2 include:
URL Filtering
-- LDAP/AD Integration -- LDAP integration allows directory
synchronization for users and groups and Microsoft Active Directory
support
-- URL Filtering Profiles -- Ability to define different URL filter
profiles for users/groups, Workstation hostname or IP and Subnets
according to IP range or VLAN (any profile can be active during all,
work or after-hours times)
-- Flexible User Identification -- Users can be identified using new
methods, including authentication by existing proxy, user-name
identification using LOGIN script and user-name identification using a
client installed agent -- useful for public computers, libraries,
schools, etc. that do not have LDAP or Active Directory
Spyware Protection
-- Spyware Infected PC Warning Message -- When a spyware infected PC is
detected by AppliFilter, the next time a user tries to surf the Web he
will be redirected to a special customizable warning Web page. This
Web page can optionally contain a link to Spyware Neutralizer's
ActiveX (see below) to disinfect his PC
-- Spyware Neutralizer ActiveX -- A stand alone Spyware Neutralizer
module can be embedded into any Web page (or downloaded manually) and
launched by the user to disinfect spyware-infected PCs. This is useful
for networks where users do not login to a domain server (e.g.
schools), or as a value-added service for xSPs
Management and Reporting
-- Outbound Traffic Logging and Reporting -- HTTP/FTP traffic direction
and attempts to open outbound connections on restricted ports are now
recorded in the session log. This will show important information
such as unauthorized file uploads or suspicious Trojan activity
-- User Identification in Reports -- Whenever possible, the user name
will be resolved via LDAP/AD and written to the report in addition to
the IP address. This is useful to quickly identify the violating user
without the need to figure out who is behind a certain IP address
Enhanced HTTP/FTP Security
-- FTP Upload Blocking -- Selectively blocking FTP uploads from
unauthorized PCs can reduce the chance of outbound Trojan traffic
For more detailed information on Aladdin eSafe 5 FR2 features and benefits, visit http://www.Aladdin.com/eSafe.
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Fidelity again an interested party in Aladdin
16.4.06 | 09:50 By Omri Cohen
Aladdin Knowledge Systems (TASE, Nasdaq: ALDN) can boast a prestigious new interested party: Fidelity, the American mutual funds giant.
Fidelity last week reported to the U.S. Securities and Exchange Commission that it owns 1.8 million shares in Aladdin, which makes hardware-software data security systems. Its shareholding is equivalent to 12.4% of the Israeli company's share capital.
Market sources called it a show of faith in the company, which is run by Yanki Margalit.
Fidelity is not mentioned as an interested party in Aladdin's expanded financial statement for the year 2004. At the time it held less than 5% of the company, if anything at all. Market sources surmise that the mutual funds company therefore built up its shareholding in recent months, which could help explain why Aladdin stock has jumped 30% from the start of 2006.
It isn't Fidelity's first fling with Aladdin. In February 2000, it reported reducing its Aladdin shareholding from 5.5% to 3.9%.
http://www.haaretz.com/hasen/spages/706232.html
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Aladdin eSafe's New 'HOFA' Technology Offers World's First Proactive Cell Phone Virus Protection
Wednesday April 12, 8:02 am ET
Major Italian cellular provider and largest Israeli cellular provider choose Aladdin eSafe Mobile Content Security Gateway
CHICAGO, April 12 /PRNewswire-FirstCall/ -- Aladdin Knowledge Systems (Nasdaq: ALDN - News), the leader in Software DRM, identity management and content security solutions, today announced that the Aladdin eSafe Mobile Content Security Gateway (MCSG) for mobile operators now includes a new, patent pending Hostile Operation Flow Analysis (HOFA(TM)) technology that stands as the first proactive virus protection for cell phones. The release of this new technology accompanies fast-increasing adoption among mobile operators. A major Italian cellular provider and the largest Israeli cellular provider recently selected Aladdin eSafe MCSG for comprehensive, gateway-based content protection for their customers.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040416/CGALADDINLOGO )
Unlike most mobile antivirus solutions which reside on the handset, eSafe MCSG is situated in the mobile operator's center between the Internet and the cellular provider network. Aladdin's eSafe inspects the content of mobile MMS messages and mobile WAP traffic as well as HTTP and SMTP content before it reaches the cellular phone. Testing of eSafe MCSG with the new HOFA technology resulted in 100 percent proactive detection and blocking of the three most common Symbian malware families: SymbOS.Cabir, SymbOS.Skulls and SymbOS.Commwar.
The HOFA technology, based on research by the Aladdin eSafe Content Security Response Team (CSRT), is a new addition to eSafe's existing sophisticated code emulation that inspects executable code in real time. HOFA adds proactive security by identifying malicious code with the first variant, blocking all of its descendents. Instead of creating regular signatures, HOFA creates a strict logic model of the malware's execution flow. This guarantees nearly 100-percent proactive recognition of a malware family.
"eSafe MCSG's new HOFA technology empowers cell phone carriers with a new level of confidence by providing proactive blocking of mobile malware," said Shimon Gruper, vice president of technologies for the Aladdin eSafe Business Unit. "HOFA technology eliminates the lag time between detecting a new outbreak, and releasing an update -- a service never-before available to the industry. While most anti-virus and other security vendors remain reactive in their approach to this fast-growing mobile threat, Aladdin eSafe once again stands as an innovative solution that provides unmatched, zero-day protection."
About Aladdin eSafe MCSG
Aladdin eSafe MCSG is an integrated gateway content security solution specifically designed to protect cellular networks against new and emerging virus threat.
Among Aladdin eSafe MCSG features are:
-- Anti-virus engine that identifies and blocks all Symbian, J2ME,
PalmOS, and Windows Mobile/CE malicious code
-- Identifies and blocks malicious code in all MMS formats
(MM1/MM3/MM4/MM7)
-- Full WAP traffic inspection for mobile and PC malicious code
-- Multi-layered anti-spam and phishing prevention for email messages
-- High throughput to support millions of subscribers
-- Built-in load balancing and fail-over
-- OutbreakSentry system for MMS and mobile Internet traffic
-- 24x7 security service with timely updates for new mobile threats
For more information on Aladdin eSafe, visit http://www.Aladdin.com/eSafe.
About Aladdin
Aladdin Knowledge Systems Ltd. is a global provider of security solutions that reduce software theft, authenticate network users and protect against unwanted Internet and e-mail content, including spam, viruses and spyware. Its security products are organized into two segments: Software Digital Rights Management (DRM) and Enterprise Security. Aladdin's Software DRM products allow software publishers to protect their intellectual property and increase revenues by reducing losses from software theft and piracy. Its Enterprise Security solutions enable organizations to secure their information technology assets by controlling who has access to their networks (authentication) and what content their users can utilize (content security). Visit the Aladdin Web site at http://www.Aladdin.com.
http://biz.yahoo.com/prnews/060412/nyw037.html?.v=49
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Aladdin's Market-Leading HASP Software Licensing Authentication Token Offers Full Support for Universal Applications
Wednesday April 12, 8:00 am ET
Aladdin HASP named leader in Software Licensing Authentication Token market for third straight year
CHICAGO, April 12 /PRNewswire-FirstCall/ -- Aladdin Knowledge Systems (Nasdaq: ALDN - News), the leader in Software DRM, identity management and content security solutions, today announced that its Aladdin HASP hardware-based software protection and licensing solutions now offer support for Universal Applications. The HASP HL and HASP4 software protection keys now support OS X.4 (Tiger) on both Intel/Mac and PowerPC. The new support follows a recent IDC report that named Aladdin as the #1 worldwide provider of Software Licensing Authentication Tokens (SLAT) for the third straight year.
(LOGO: http://www.newscom.com/cgi-bin/prnh/20040416/CGALADDINLOGO )
Software developers using HASP can now allow their customers to enjoy the improved performance of the Intel-based Mac machines, while still allowing their software to run on existing PowerPC-based Mac machines. For added convenience, C API with an Xcode sample and a Daemon GUI-based installer are also provided.
Expanded Support Illustrates Aladdin's SLAT Leadership Position
HASP's overall reliability and continued innovation and support for the latest operating systems reinforce its ever-expanding market leadership. Published in December 2005, IDC's "Worldwide Hardware Authentication Token 2005-2009 Forecast and 2004 Vendor Shares" report places Aladdin's HASL HL ahead of all other providers, noting $50.4 million in revenue for 2004 and 37.2 percent of the market. The report also highlights Aladdin's 20.9 percent increase in HASP HL sales from 2003 to 2004 -- more than double the percentage growth of the next largest competitor for the same period. An abstract of the IDC report (Doc # 34452) is available online at http://www.idc.com .
"We're pleased to announce this new Universal Applications support from HASP," said Avi Barir, vice president of Software Digital Rights Management (DRM) at Aladdin Knowledge Systems. "This new support allows developers to offer software that supports the latest performance-oriented operating systems available, while consistently providing the same level of convenience to customers using other platforms. Demonstrating our expanded market leadership since 2002, the IDC report also underscores Aladdin's long-term commitment to provide unmatched security, reliability and ease-of-use for software developers in need of powerful piracy protection and licensing enforcement. We continue to gain market share because we listen to our customers and offer the most reliable, most robust solution available."
About Aladdin HASP
The Aladdin HASP family provides a suite of revolutionary hardware- and software-based anti-piracy solutions engineered for software publishers to ensure that their intellectual property is protected and they get paid for each product they ship. Aladdin HASP provides the highest level of anti-piracy protection available to combat unauthorized copying and use. HASP also delivers powerful new tools to enable innovative software licensing schemes and flexible pricing models that allow publishers to bring their products to market with confidence while increasing sales and profits:
* HASP for Single-User: A hardware-based (HASP HL) or software-based (HASP
SL) solution for protecting and licensing software running on stand-
alone computers.
* HASP for Enterprise: A hardware-based (HASP HL Net) solution for
protecting and licensing software used by multiple users in network
environments and the enterprise.
* HASP for Trialware: A software-based solution (HASP TT) for creating
secure, controlled software trialware.
* HASP for Documents: A hardware-based system (HASP DocSeal) for
protecting intellectual property and sensitive information in HTML
files.
HASP is the worldwide market leader in software DRM solutions and is used by more software developers than any other product. In a recent head-to-head comparison conducted by independent testing lab KeyLabs, HASP finished far ahead of its closest competitor with a large lead in key categories including security, ease-of-use, flexibility of tools and functionality, and compatibility across platforms and environments.
About Aladdin
Aladdin Knowledge Systems Ltd. is a global provider of security solutions that reduce software theft, authenticate network users and protect against unwanted Internet and e-mail content, including spam, viruses and spyware. Its security products are organized into two segments: Software Digital Rights Management (DRM) and Enterprise Security. Aladdin's Software DRM products allow software publishers to protect their intellectual property and increase revenues by reducing losses from software theft and piracy. Its Enterprise Security solutions enable organizations to secure their information technology assets by controlling who has access to their networks (authentication) and what content their users can utilize (content security). Visit the Aladdin Web site at http://www.Aladdin.com .
http://biz.yahoo.com/prnews/060412/nyw036.html?.v=49
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Aladdin Granted Important U.S. Patent for Proactive Protection Against Spyware and Viruses
Tuesday April 11, 9:36 am ET
New Patent Supports Industry-Leading Proactive Technology Within Aladdin eSafe
CHICAGO, April 11 /PRNewswire-FirstCall/ -- Aladdin Knowledge Systems (Nasdaq: ALDN - News), the leader in Software DRM, identity management and content security solutions, today announced it has been granted U.S. patent 7,013,483, titled "Method for emulating an executable code in order to detect maliciousness." The new patent covers the detection of viruses, spyware and other kinds of malicious code by emulation -- one of the most powerful methods for identifying malicious activity.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040416/CGALADDINLOGO )
An emulator, as described in the patent, creates a virtual environment under which the code of the tested sample is examined instruction-by- instruction. The viral activity is then detected by correlating the changes with the viral behavior. Emulation features several advantages in comparison to other methods of detecting and/or preventing viral damage, since it helps to detect polymorphic viruses, encrypted viruses and unknown viruses, which cannot be detected by other methods.
The new patent further supports the uniquely proactive capabilities within the award-winning Aladdin eSafe solution. Recently awarded Information Security Magazine's Hot Pick Award and named the Best Anti-Trojan Solution in the 2006 SC Magazine Awards, eSafe stands as one of the most reliable gateway- based content security solutions that routinely blocks zero-day malicious code. eSafe's proactive capabilities serve as a significant differentiator from competing solutions that initially leave organizations vulnerable during the crucial first few hours of a new malicious code discovery. Aladdin's 2005 Content Security Response Team Report concluded that eSafe proactively detected 96 percent of virus outbreaks.
"Aladdin's newly patented technology positions eSafe not only as a security solution that proactively detects malicious code in executable files, but also one of the most efficient solutions available today -- prioritizing throughput and speed without compromising on security," said Yanki Margalit, CEO of Aladdin Knowledge Systems. "We're pleased to announce this patent, as it illustrates our constant drive for innovation."
About Aladdin eSafe 5
Aladdin eSafe is an integrated gateway content security solution providing proactive email security and Web browsing security. As an in-line, transparent solution, eSafe offers the industry's highest content security performance, encompassing:
-- Layered anti-spyware
-- Spam management
-- Application filtering
-- Proactive anti-virus technologies
Unlike other products which focus on viruses, eSafe protects users and the enterprise from Web-borne content threats including spam, viruses, known and unknown worms, Trojans, Webpage malicious code, spyware, unauthorized P2P, Instant Messaging applications, and more. With eSafe, organizations take control before problems arise, saving valuable time as well as thousands of dollars in costly repairs, and providing content security where it counts most -- at the gateway front line. For more information on Aladdin eSafe, visit http://www.Aladdin.com/eSafe .
About Aladdin
Aladdin Knowledge Systems Ltd. is a global provider of security solutions that reduce software theft, authenticate network users and protect against unwanted Internet and e-mail content, including spam, viruses and spyware. Its security products are organized into two segments: Software Digital Rights Management (DRM) and Enterprise Security. Aladdin's Software DRM products allow software publishers to protect their intellectual property and increase revenues by reducing losses from software theft and piracy. Its Enterprise Security solutions enable organizations to secure their information technology assets by controlling who has access to their networks (authentication) and what content their users can utilize (content security). Visit the Aladdin Web site at http://www.Aladdin.com .
eSafe, Aladdin Knowledge Systems and the Aladdin logo are trademarks or registered trademarks of Aladdin Knowledge Systems, Ltd. All other product and brand names mentioned in this document are trademarks or registered trademarks of their respective owners.
Press Contact: Investor Relations Contact:
Matthew Zintel Mark Jones
Zintel Public Relations Global Consulting Group
matthew@zintelpr.com mjones@hfgcg.com
310.574.8888 646.284.9414
Source: Aladdin Knowledge Systems Ltd.
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