[November 25, 2009] NICE Systems to acquire security management solution assets of Orsus Solutions Tweet Nov 25, 2009 (Datamonitor Financial Deals Tracker via COMTEX) -- NICE Systems, Ltd., an Israel-based provider of insight from interactions solutions and value-added services, has signed a definitive agreement to acquire the security management solution assets of Orsus Solutions, a US-based developer of situation management software solutions, for $22 million in cash. The transaction is expected to close by the end of the fourth quarter of 2009. Deal Value (US$ Million) 22 Deal Type Acquisition Sub-Category Asset Purchase Deal Status Announced: 2009-11-23 Deal Participants Target (Company) Orsus Solutions - Security Management Solution Assets Acquirer (Company) NICE-Systems, Ltd. Vendor (Company) Orsus Solutions Deal Rationale The integration of Orsus' security management software with NICE's comprehensive security solutions, complemented by its vertical domain expertise, will enhance NICE's leadership position in the security market, and enable its customers and partners to better protect city centers, transportation systems, critical infrastructure and enterprise campuses. The acquisition of Orsus serves as an important milestone in the execution of NICE' strategy, and will fortify its strategic focus on leveraging NICE's core competence in capturing, managing and analyzing massive amounts of unstructured data, to accelerate the success of its security and enterprise businesses. The transaction will expand Orsus' global outreach to support the security needs of customers across a wide range of vertical markets. [ Back To TMCnet.com's Homepage ]