NICE Systems (Nasdaq: NICE; TASE: NICE) announced on Friday that it completed its acquisition of IEX Corporation for $200 million in cash. The long awaited announcement came just over two months after the company’s initial announcement on April 28, in which it said it would acquire Performix for $13 million, a transaction which it completed on May 22.
NICE’s announcement on Friday also reiterated its previous guidance, in which it said the acquisitions of IEX and Performix are expected to add $28 - $30 million to NICE’s top-line in the second half of 2006. Pro forma earnings per diluted share is expected to increase by $0.05 - $0.06, post split.
IEX is a wholly owned subsidiary of Tekelec (Nasdaq: TKLC), which has a market cap of $950 million. IEX provides workforce management, strategic planning and performance management solutions for the contact center market, and its flagship product, TotalView, enables enterprise-wide data collating, enabling accurate and effective forecasting, planning and scheduling. Performix develops technologies for contact center performance management.
Published by Globes [online], Israel business news - www.globes.co.il - on July 9, 2006
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