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Aladdin buys Secure Computing’s SafeWord

Aladdin Knowledge Systems Inc. agreed to acquire Secure Computing Corp.’s Secure SafeWord two-factor authentication business Wednesday for $65 million.

The deal adds to Aladdin’s strong authentication eToken product line and gives it a network of channel partners. Secure Computing’s president and CEO Daniel Ryan said the sale of SafeWord allows the company to focus on its security gateway appliance business. Secure Computing’s SafeWord business unit and all its employees are expected to be incorporated into Aladdin.

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