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NICE Ltd.

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NICE Systems Ltd.
Company typePublic
TASE: NICE, Nasdaq: NICE
IndustrySoftware
Founded1986
Headquarters
Ra'anana
,
Israel
Key people
Ron Gutler (Chairman), Ze'ev Bregman (President and CEO)
RevenueIncrease US$ 689 million (2010)
Increase $ 49 million (2010)
Increase $ 48.7 million (2010)[1]
Number of employees
2,794 (2011)[2]
SubsidiariesNICE Systems Ltd.
NICE Systems Inc.
NICE Actimize Ltd.
NiceVision
Websitewww.nice.com

NICE Systems Ltd. (Template:Lang-he), together with its subsidiaries and partners, provides solutions that enable enterprises and security organizations to extract insight from interactions, transactions and surveillance. It offers a suite of business solutions to capture, analyze, and impact customer interactions over various channels, including audio, email, chat, social media, and text messaging. The company also provides securities trading and broker sales practices compliance applications to identify high-risk activities by monitoring and correlating various data elements comprising transactions, accounts, trader information, interactions and market activities; fraud prevention solutions for the identification of financial crimes, such as employee fraud or rogue trading, online and call center fraud, payment fraud, and ATM fraud; AML solutions to detect suspicious money transfer activities and money laundering related issues with new accounts; and enterprise wide case management and investigation applications that are used to aggregate, analyze, and investigate risk related cases in the organization.

Further, it offers various security solutions, such as voice platforms and applications; digital video platforms and applications; and lawful interception products, as well as provides professional, consultancy, and legacy services.

The company serves various industries, such as financial services, telecommunications, healthcare, outsourcers, retail, media, travel, service providers, and utilities.

NICE Systems offers its products through a network of distributors, system integrators, and strategic partners, as well as directly to end-users in North America, Europe, the Middle East and Africa, and the Asia Pacific. The company’s shares are traded on NASDAQ as well as on the Tel Aviv Stock Exchange; where it is part of the TA-25 Index.

On July 28, 2009, Ze'ev Bregman was appointed as CEO, replacing Haim Shani; who stepped down to become the General Manager of the Ministry of Finance of the State of Israel.[1] As of September 30, 2010 the company has more than 2,700 employees worldwide.[citation needed]

History

Nice Systems was founded in 1986 as Neptune Intelligence Computer Engineering (NICE) by 7 Israeli ex-army colleagues. The company initially focused on developing solutions for security and defence applications; but soon refocused their efforts on civilian applications mainly for Contact center, Financial services and Business intelligence markets. [2][3]

Acquisitions

NICE has made a number of acquisitions, totaling $734m from 2005–2011, including cash and stock paid:

  • July 31, 2002: acquired Thales Contact Solutions (Previously Racal Recorders) in the UK for $55 Million, from the Thales Group.[4]
  • June 1, 2005: acquired Dictaphone's Communications Recording Systems (CRS) assets for $42m.[5]
  • September 1, 2005: acquired Hannamax Hi-Tech for $3m.
  • January 4, 2006: acquired FAST Video Security for $33m.
  • May 22, 2006: acquired Performix for $14m.
  • July 7, 2006: acquired IEX Corporation for $205m, adding Contact center Workforce management and performance optimization solutions to its portfolio.
  • August 30, 2007: acquired Actimize for $281m, entering the Fraud Prevention, Anti-money laundering and Risk management solution markets.[6]
  • April 8, 2008: acquired Quality Plus Group for $12m.
  • August 31, 2009: acquired Hexagon System Engineering Ltd. for $11m.[7]
  • September 1, 2009: Actimize acquired Fortent for $73m.[8]
  • February 15, 2011: acquired CyberTech International for $60m.[9]
  • December 2, 2011: acquired Merced Systems for $150m. [10]

References

http://www.nice.com/content/zeev-bregman-join-nice-systems-chief-executive-officer

  1. ^ "NICE Systems Ltd. (NICE)". Yahoo! Finance. 2011. Retrieved 17 September 2011.
  2. ^ "NICE SYSTEMS LTD (NICE:Tel Aviv)". Bloomberg Businessweek. 31 March 2011. Retrieved 17 September 2011.
  3. ^ NICE Marks 20th Anniversary, retrieved 2009-10-09
  4. ^ NICE Systems to acquire Thales Contact Solutions, retrieved 2009-10-09
  5. ^ NICE To Acquire The Assets Of Dictaphone’s Communications Recording Systems, retrieved 2009-10-09
  6. ^ Nice Systems to acquire Actimize - Reuters, July 2, 2007, retrieved 2009-10-09
  7. ^ NICE to Enhance Security Offering With the Acquisition of Hexagon, retrieved 2010-05-22
  8. ^ NICE Systems and Actimize acquire Fortent - SC Magazine UK, retrieved 2009-10-09
  9. ^ Ben-David, Calev (February 15, 2011), Nice Systems to Acquire CyberTech for $60 Million - Bloomberg, retrieved 2011-02-15
  10. ^ "Nice Systems To Acquire Merced Systems For Up To $170M >NICE", The Wall Street Journal, December 2, 2011, retrieved 2011-12-02
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