NICE has announced that it is to acquire CyberTech International, a global provider of compliance recording solutions and value-added applications.

The agreement is subject to certain conditions under Dutch law, and the transaction is scheduled to close in March 2011.

The addition of CyberTech solutions the NICE portfolio will broaden the company’s offering for financial institutions, strengthen its commitment to the SMB sector, and add to its public safety solutions. It will also enhance its positioning in EMEA and provide a product set that meets the needs of emerging markets.

NICE’s expanded portfolio will enable customers to match the right product to their scale and needs. CyberTech customers will now benefit from NICE’s portfolio of analytics-based business solutions and real-time, cross-channel applications.

The deal is worth a total cash consideration of around $60million, and is expected to add around $25million to NICE’s 2011 non-GAAP revenues.

“This transaction adds talent and complementary solutions, as we execute on our strategy for growth,” commented Zeevi Bregman, president and CEO, NICE Systems.

“The enhanced portfolio expands our offering with complementary compliance recording solutions with a low TCO. This combined offering will provide customers in financial institutions, contact centres and public safety with a broader combination of compliance recording, advanced application and scalability options to meet their needs. In addition the acquisition will enhance our positioning in the SMB sector as well as strengthen NICE’s presence in EMEA.”

Ad Ketelaars, CyberTech CEO, added: “We are excited about becoming a part of NICE and joining an industry leader. This move will give us the opportunity to enjoy the benefits of NICE’s global market presence and bring our solutions to a broader base of customers.”

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