Aladdin to Partner in New Israeli Venture CapitalFund; Aladdin to invest $10 million in Tamir Fishman Ventures
February 22, 2000 10:37 AM
TEL AVIV, Israel--(BUSINESS WIRE)--Feb. 22, 2000--Aladdin Knowledge Systems ALDN , a global leader in the field of Internet content and software security, announced today that it will invest $10 million and participate as the strategic Israeli technology partner in Tamir Fishman Ventures II, a new Israeli venture capital fund launched by Tamir Fishman & Co.
The fund is expected to raise $150 million and will focus on investments in start-up Israeli technology companies specializing in the Internet, software and communications market segments.
"We are extremely pleased by our strategic partnership in this new and exciting Israeli venture capital fund. This is an important strategic step for us as a technology leader in Israel," said Yanki Margalit, President and Chief Executive Officer of Aladdin Knowledge Systems. "We believe this new venture will create and nurture opportunities and relationships with key industry players, new start ups and emerging technologies, as well as providing a great financial investment. We strongly believe we are leading in Israel a worldwide strategic change whereby technology leaders have gained substantial value through developing close relationships with leading venture capital funds". Mr. Margalit will be joining the Tamir Fishman Ventures II strategic advisory board.
Tamir Fishman Ventures II will be managed by Tamir Fishman & Co. and headed by Eldad Tamir, co-CEO of Tamir Fishman, and Shai Saul, formerly the Executive VP Business Development at Aladdin, who will be acting as the fund's Managing General Partner. Tamir Fishman & Co. is the leading Israeli technology-focused investment bank. Tamir Fishman Ventures II is the group's second venture capital fund.
About Aladdin
Aladdin is a global leader in securing digital content, from applications software to Internet use and access. Aladdin's products include HASP and Hardlock, software security systems that protect the revenues of developers and publishers; Privilege, a software licensing platform for the Internet; the eSafe line of anti-vandal, anti-virus and content filtering software for PCs and networks connected to the Internet; and eToken for Internet security and authentication. Aladdin serves its customers through eight offices located in the world's major software markets as well as a network of 50 distributors serving more than 100 countries. For more information visit our website at www.eAladdin.com.
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CONTACT: Company Contact: Aladdin Knowledge Systems, Inc. Erez Rosen, CFO Erez.Rosen@eAladdin.com 972-3-6362222 www.eAladdin.com or Investor Relations Contact: Morgen-Walke Associates, Inc. Donna Stein/Victor Shalom vshalom@morgenwalke.com 212/850-5600 or Press Contact: McGrath/Power Public Relations Scott VanSickle Amber Carso scottv@mcgpr.com amberc@mcgpr.com 408/727-0351
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