Techwatch: Aladdin to buy back $10 million in stock

Alladin is a eader in software DRM, strong authentication and content security solutions.

April 12, 2007 23:58
2 minute read.
Techwatch: Aladdin to buy back $10 million in stock

techwatch 88. (photo credit: )


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Tel Aviv based Aladdin Knowledge Systems, the leader in software DRM, strong authentication and content security solutions, said Thursday its board of directors has authorized the use of up to $10 million of available cash to repurchase up to 500,000 of the company's ordinary shares in the open market. As of March 31, Aladdin had approximately 14,691,738 ordinary shares outstanding. Earlier this week, the company said Unisys, a worldwide technology services and solutions company, would deploy more than 28,000 Aladdin eToken smart cards to allow employees to gain physical access to offices while also using the same card for Windows Network Logon and data access. Motorola and Petah Tikva-based ECI Telecom have announced a new strategic relationship pairing ECI's IP DSLAM (Internet protocol digital subscriber line access multiplexers) portfolio with Motorola's Fiber-to-the-Node and Fiber-to-the-Premises solutions. The multi-year deal provides Motorola access to ECI's complete portfolio of carrier class access infrastructure products including Outside Plant and Central Office IP DSLAM solutions. IncrediMail Ltd., a software company specializing in Internet consumer products and services, has released a new Japanese language version of its flagship product, which will offer Japanese consumers the ability to customize the appearance of their e-mails with IncrediMail's easy-to-use interface and high-quality graphics. Tower Semiconductor, an independent specialty wafer foundry based in Migdal Haemek, and Paragon Communications , a provider of solutions for enhancing performance of wireless power amplifiers and systems, announced the manufacture of an XNN(R)-based Power Amplifier booster. The product is based on Paragon's patented technology to monitor the Radio Frequency envelope and modulate the amplification. The booster attains up to 6dB improvement in output power, as well as major efficiency and heat dissipation improvements over existing solutions. The XNN PA booster chip will be manufactured on Tower's 0.18-micron process, including its RF-CMOS feature, at Tower's FAB2 facility. Ra'anana based Orca Interactive, a global market leader in developing middleware and applications for IPTV, said its IPTV middleware, RiGHTv, has been deployed in the first Baltic MPEG4 IPTV solution for Lattelecom, Latvia's leading provider of information technology and telecommunications services. Utilizing Orca's RiGHTv middleware as part of the end-to-end solution provided by Optibase and supported by local system integrator Hannu Pro, Lattelecom IPTV service includes broadcast television, video-on-demand, multi-lingual and self service. Orca's Service Delivery Platform architecture enabled Optibase to develop an innovative segmented advertising service that allows Lattelecom to send advertisements triggered by the user's actions. Amdocs, the leading provider of software and services to enable integrated customer management, said mobile providerPartner Communications has deployed Amdocs Service Mediation Manager 7, which Partner will use to introduce new services while reducing operational costs. This is the first deployment of Amdocs Service Mediation Manager 7, a product within the Amdocs 7 suite, which was launched in January 23.

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