Israel-based Aladdin Knowledge Systems Ltd (ALDN.O: Quote, Profile, Research, Stock Buzz) said it received an unsolicited offer from private equity firm Vector Capital to acquire the software security firm, and that it is reviewing the proposal.
As a potential alternative to a full buyout, Vector Capital also proposed a possible acquisition of the company's digital rights management software business, with Aladdin repurchasing its shares held by Vector Capital.
Vector Capital's alternative proposal includes the sale of the authentication business of its affiliate SafeNet Inc to Aladdin.
At press time we learned rthat Aladdin refused the offer.