ALADDIN SYSTEMS ACQUIRES EREVU,
INCORPORATED
(font color=”#000000″)
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.
(font color=”#000000″)"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."
(font color=”#000000″)
(font color=”#000000″)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.
(font color=”#000000″)
"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.
(font color=”#000000″)Aladdin Systems Holdings, Inc: The Leader
in Access Management(tm)
(font color=”#000000″)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.
(font color=”#000000″)
(font color=”#000000″)Aladdin is located at 245 Westridge Drive,
Watsonville, CA 95076, USA. Telephone: (831) 761-6200; Fax (831)
761-6206. Internet:(u) http://www.aladdinsys.com(/u) or email(u)
info@aladdinsys.com(/u).
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.