Full Press Release
ALADDIN SYSTEMS HOLDINGS, INC. ENTERED INTO A DEFINITIVE AGREEMENT TO SELL ITS SUBSIDIARY, ALADDIN SYSTEMS, INC., TO IMSIWATSONVILLE, CA- January 21, 2004 - Aladdin Systems Holdings, Inc. "the Company" (OTC BB: ALHI ) entered in to a definitive agreement with IMSI® (OTC BB: IMSI), a leading developer and publisher of precision design, graphics and productivity software, to acquire Aladdin Systems Holdings' subsidiary, Aladdin Systems, Inc. "Aladdin." The Company will continue business as usual with its subsidiary Aladdin Enterprise Solutions, Inc. Aladdin will become a wholly-owned subsidiary of IMSI. The transaction is expected to close in March 2004 and is subject to customary closing conditions.…
This acquisition makes me wonder what the future holds for StuffIt, the defacto standard compression program for the Mac OS. I hope they keep the Aladdin programs onboard to code the Mac versions of StuffIT and StuffIT Deluxe.
Edited by Arena2045, 31 January 2004 - 01:16 PM.
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