GMT's software and services are mainly used by retailers, expanding Verint's offerings in this field.
Comverse Technology Inc. (Nasdaq: CMVT) unit Verint Systems Inc. (Nasdaq: VRNT) has acquired Atlanta-based workforce management solutions provider Global Management Technologies Corporation (GMT) for $42 million. GMT's software and services are mainly used by retailers, expanding Verint's offerings in this field.
Workforce management is essential for Verint’s enterprise workforce optimization strategy and solution products. The acquisition will help Verint's strategy to offer solutions to help companies boost productivity, reduce operating costs, and improve customer service and sales.
Verint CEO Dan Bodner said, Verint continues to further broaden its enterprise workforce management solution with GMT’s complementary functionality backed by a comprehensive set of supporting services and consulting methodologies."
Verint's share price fell 3.5% on Friday to $26.29, giving a market cap of $1.02 billion.
Published by Globes [online], Israel business news - www.globes-online.com - on October 2, 2011
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