This message comes to you from NetProLive(tm) -- the Web
Developer/
Network Admin service. See below for more info on this list (including
sub/unsub details).
__________________________
Network Admin service. See below for more info on this list (including
sub/unsub details).
__________________________
ALADDIN SYSTEMS ACQUIRES EREVU,
INCORPORATED
Erevu Acquisition Launches Major Expansion of Aladdin Enterprise Product Offerings
WATSONVILLE, CA, October 21, 2002 - Aladdin Systems Holdings, Inc. "Aladdin" (OTC Bulletin Board: ALHI) and Erevu, Incorporated "Erevu," a privately-held company, announced today they have finalized the acquisition of Erevu by Aladdin.
"The acquisition is a strategic step
in broadening both companies' solutions for access management,"
said Jonathan Kahn, CEO of Aladdin Systems, Inc and chairman of
Aladdin. "The combination of the two companies creates a powerful
enterprise solution and allows Aladdin to leverage its existing
channel of distribution and bring new products to the
marketplace."
Erevu, now named Aladdin Enterprise
Solutions, offers a software-based management solution that controls
and simplifies the corporate computing environment making it more
manageable and robust while reducing costs. Aladdin is a leader in
access management, its flagship software, StuffIt(tm) data
compression, is used by over 12 million people worldwide.
"As desktop and local server computing have become critical to large enterprises, their uncontrolled evolution has resulted in complex, fragile and unmanageable environments resulting in a costly and unacceptable situation for data-intensive enterprises," said Tom Saleh, President of Erevu, now President of Aladdin Enterprise Solutions. "With Aladdin's expertise we will be able to provide an automated, easily managed and transparent disaster recovery solution that extends to the desktop, as we now do for the enterprise market."
Terms of the deal were not disclosed at this time.
Aladdin Systems Holdings, Inc: The Leader
in Access Management(tm)
Founded in 1988, Aladdin Systems, Inc, a
subsidiary of Aladdin Systems Holdings, Inc. (OTC BB: ALHI), develops
and publishes award-winning software solutions for Windows, Macintosh,
Linux, and Solaris, including the new StuffIt X technology,
integrating compression with security and safety options to meet the
requirements of business and today's digital lifestyle. Aladdin's
software offers a range of solutions to empower users in the area of
information access, removal, recovery, security, and Internet
distribution.
Aladdin is located at 245 Westridge Drive,
Watsonville, CA 95076, USA. Telephone: (831) 761-6200; Fax (831)
761-6206. Internet: http://www.aladdinsys.com or email
[EMAIL PROTECTED].
Erevu, Inc., now Aladdin Enterprise Solutions, Inc. was founded in 2001 to design, develop and deploy software-based management solutions for distributed networked computers. Aladdin Enterprise Solutions addresses the need to control and simplify the corporate computing environment, such that it becomes more secure, manageable and robust while reducing network and administrative costs.
Erevu, Inc., now Aladdin Enterprise Solutions, Inc. was founded in 2001 to design, develop and deploy software-based management solutions for distributed networked computers. Aladdin Enterprise Solutions addresses the need to control and simplify the corporate computing environment, such that it becomes more secure, manageable and robust while reducing network and administrative costs.
__________________________
Please visit our sponsors:
RadGad(sm): The Place for Useful Gifts & Gadgets.(sm)
http://www.radgad.com/, mailto:[EMAIL PROTECTED], or 877-5-RADGAD
MacTech(r) Magazine: The journal of Macintosh technology and development
http://www.mactech.com, mailto:[EMAIL PROTECTED], or 805-494-9797
DevDepot(sm): Your Source for RAM, Technical & Developer Products
http://www.devdepot.com, mailto:[EMAIL PROTECTED] or call 877-DEPOT-NOW
To submit a posting to NetProLive, mailto:[EMAIL PROTECTED] To subscribe to NetProLive, send mail to [EMAIL PROTECTED] with the SUBJECT line reading "SUBSCRIBE NetProLive". To unsubscribe, the SUBJECT line should read "UNSUBSCRIBE NetProLive".
MacTech, Developer Depot, RadGad, and Xplain Corporation are not responsible for any errors, omissions, or other inaccuracies in this message.
News may be propagated freely, but please attribute your source as MacTech Magazine, <http://www.mactech.com>.
