NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) unit Actimize has bought the assets and business of Syfact, a European developer of enterprise investigative case management solutions.
Transactional risk management software developer Actimize intends to continue supporting current product installations and increase investment in Syfact’s product support program. The acquisition enhances the company’s footprint and competitive position.
The deal amounts to several million dollars.
Syfact, headquartered in Europe, has been used by many of the world's largest and most respected corporations, government agencies and financial institutions including ING and Rabobank.
Syfact provides innovative investigative case management solutions, best practices and technologies for fraud, money laundering, customer due diligence, and corporate security investigations. Syfact’s solution can store all types of investigative information in a single interlinked database that can be accessed, searched, linked and cross referenced during future investigations and cases.
TowerGroup senior research director George Tubin said, “Financial services companies are continuing to invest in integrated, end-to-end enterprise fraud and case management technologies.”
Shares in Nice closed at $21.89 yesterday, giving it a market cap of $1.33 billion.
Published by Globes [online], Israel business news - www.globes-online.com - on June 17, 2009
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