NICE Systems Buys Fortent For $73.5 Million In Cash - Eric Savitz (Barron's)

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NICE Systems Buys Fortent For $73.5 Million In Cash
Sep 01, 2009 03:56 PM UTC

Eric Savitz (Barron's)

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Via BARRONS.com: Tech Trader Daily - Barron's Online:

NICE Systems (NICE) this morning said it agreed to acquired New York-based Fortent, a Warburg Pincus-controlled provider of anti-money laundering and financial crime prevention software, for $73.5 million in cash.

NICE said the deal will be accretive on a non-GAAP basis starting in Q1 2010.

NICE today is up $1.09, or 3.9%, to $29.11.

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