Aladdin Knowledge Systems announced that it will acquire Secure Computing's SafeWord technology, which provides two-factor authentication for a variety of platforms and applications.
The technology works with a variety of Web-based platforms including Outlook Web Access, plus Citrix and VPN solutions.
SafeWord reportedly earned Secure Computing $32 million in 2007 and the all-cash acquisition deal will cost Aladdin $65 million and gives the company the technology plus a related research and development team and the SafeWord sales team.
"After considering a number of prospective buyers, Secure Computing chose Aladdin as the strongest partner, best suited to ensure a seamless transition and continued best-in-class services and support for our Secure SafeWord customers and partners," said Daniel Ryan, chief executive officer at Secure Computing. "The sale of Secure SafeWord enables Secure Computing to redouble its focus on its areas of greatest strength and expertise--delivering comprehensive and integrated Web, mail and network gateway appliances."
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