Thales Contact Solutions acquired by NICE Systems. (Insider).(Brief Article)
Security Distributing & Marketing, April, 2003
NICE Systems, Ra'anana, Israel, recently announced that it has completed its acquisition of the assets of Thales Contact Solutions (TCS), a developer of customer-facing technology for public safety, wholesale trading and call centers.
The assets of TCS, a unit of the Information Technology and Services business segment within the $10.3 billion Thales Group, were acquired on the terms previously announced for $30 million in cash at closing plus 2,187,500 ordinary shares of NICE Systems Ltd. As previously indicated, additional contingent cash payments are possible if certain financial performance criteria are met as part of a three-year earn-out agreement covering 2002 through 2004.
For more information, reference the NICE Systems Web site at www.nice.com.
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