Aladdin Knowledge Systems
| Private | |
| Industry | Security Software & Services |
| Fate | Acquired by SafeNet |
| Founded | 1985 |
| Founder | Jacob (Yanki) Margalit and Tzvi Popowski |
| Headquarters | Belcamp, MD, USA |
| Products | eToken, eSafe, Hardlock, HASP |
| Revenue |
 US$ 105.9 million (2007) |
|
$ 13.911 million (2007) |
|
|
$ 14.888 million (2007) |
|
|
Number of employees
|
464 |
| Website | www.safenet-inc.com |
Aladdin Knowledge Systems (formerly NASDAQ: ALDN and : ALDN) was a company that produced software for digital rights management and Internet security. The company was acquired by Safenet Inc, in 2009. Its corporate headquarters are located in Belcamp. MD.
Aladdin Knowledge Systems was founded in 1985 by Jacob (Yanki) Margalit, when he was 23 years old; he was soon joined by brother Dany Margalit, who took the responsibility for product development at the age of 18, while at the same time completing a Mathematics and Computer Science degree in Tel Aviv University. In its early years the company developed two product lines, an artificial intelligence package (which was dropped early on) and a hardware product to prevent unauthorized software copying, similar to digital rights management. Yanki raised just $10,000 as an initial capital for the company.
The digital rights management product became a success and by 1993 generated sales of $4,000,000. The same year that company had an initial public offering on NASDAQ raising $7,900,000. In 2004 the company's shares were also listed on the . By 2007 the company's annual revenues reached over $105 million.
In mid-2008, Vector Capital was attempting to purchase Aladdin. Vector initially offered $14.50 per share, but Aladdin's founder Margalit refused the offer arguing that the company was worth more. Aladdin's shareholders agreed on the merger in February 2009 at $11.50 per share, in cash. In March 2009, Vector Capital acquired Aladdin and officially merged it with SafeNet.
Aladdin's HASP product line is a digital rights management (DRM) suite of protection and licensing software with 40% global market share, used by over 30,000 software publishers. It is used across many platforms (Windows, Linux, Mac).
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