Aladdin Knowledge Systems establishes Spanish subsidiary
20 July 2004 | 6900 views | 0
Aladdin Knowledge Systems, Ltd. (NASDAQ:ALDN) today announced the opening of Aladdin Spain, a wholly-owned subsidiary with offices located in Madrid and Barcelona. The new regional offices are a result of Aladdin's purchase of its long-time distributor, Aladdin Knowledge Systems Espana, S.L.
Aladdin Spain is the second new international office opened by Aladdin this year and follows the opening of Aladdin's office in Hong Kong on January 14, 2004. As the company's 9th subsidiary, Aladdin Spain will continue to serve customers through existing staff and offices in Madrid and Barcelona.
"We are pleased to announce Aladdin Spain as our latest subsidiary. Aladdin recognizes the significant growth potential for the Spanish market and this acquisition provides an important local presence to expanding our reach in the European market for software commerce and Internet security," said Yanki Margalit, CEO of Aladdin Knowledge Systems. "Aladdin welcomes the insight and expertise available through our former long-time distributor, Aladdin Espana, S.L., and we look forward to better serving our Spanish customers."