Aladdin Knowledge Systems acquired by investor group

By Lisa Kerner

Charlotte, N.C., March 24 - An investor group led by Vector Capital completed its acquisition of Aladdin Knowledge Systems Ltd., it was announced on Tuesday.

In January, the investor group led by Vector Capital agreed to take Aladdin private in a transaction valued at about $160 million, or $11.50 per share.

Aladdin said its shares ceased trading on the Nasdaq Global Market and Tel Aviv Stock Exchange and will be delisted from both exchanges.

Vector said previously it will add Aladdin's DRM and authentication assets under common management with those of Aladdin competitor and Vector subsidiary SafeNet Inc.

"It is now time for all of us to focus on Aladdin's future, leverage the company's strong products and take advantage of the combination with SafeNet's business to create growth opportunities," David Fishman, partner at Vector Capital, said in the release.

Aladdin is a Petach Tikva, Israel-based company that provides security solutions that reduce software theft, authenticate network users and protect against spam and viruses.

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