TMCnet News
Nice Closes Acquisition of Actimize(InvesTrend Via Thomson Dialog NewsEdge) August 30, 2007 (FinancialWire) Nice Systems (NASDAQ: NICE) has closed its $280 million acquisition of Actimize, a provider of transactional risk management software for the financial services industry. The acquisition, originally announced on July 2, was for a total consideration of around $280 million. The consideration comprises of around 80% paid in cash and about 20% by allocating Nice ordinary shares. Nice expects an additional contribution of around $3 million in non-GAAP revenues and a dilution of one to two cents in non-GAAP EPS in the third quarter 2007. The company expects to record transaction related costs and write-offs that will affect third quarter 2007 GAAP results. Israel-based Nice Systems provides products and services that converge analytics and unstructured multimedia content and transactional data from telephony, web, email, radio, video, and other data sources. The company s solutions are designed to address the needs of the enterprise and security markets. For up-to-the-minute news, features and links click on http://www.FinancialWire.net FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation from any company for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp For a free annual report on a company mentioned in the news, please click on http://investrend.ar.wilink.com/?level=279 To become an investor monitor of independent research for a company in which you are invested, go to the not-for-profit Shareholders Research Alliance, Inc. website by clicking on http://www.shareholdersresearch.com/ The FinancialWire NewsFeed is now available in multiple formats to your site or desktop, free. Click on: http://www.investrend.com/XmlFeeds?level=268 (Distributed for Investrend Communications, Inc. via M2 Communications Ltd (www.m2.com)) Copyright 2007 M2 Communications Ltd. |