from the December 2015 issue

NICE Systems sells video surveillance for $100m

NICE Systems is selling its video surveillance technologies unit to the U.S. private equity firm Battery Ventures for up to $100 million, its second divestment in three months as it focuses more on its core analytics business.

NICE, whose analytical software enables companies to spot fraud and fend off security threats, will receive $85 million in cash and as much as another $15 million based on future performance, it said.

Reprinted from the Israel High-Tech & Investment Report December 2015

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