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NICE to Acquire CyberTech International, Global Provider of Compliance Recording Solutions and Value-Added Applications

Israel Feb. 15, 2011 NICE Systems Ltd . (Nasdaq: NICE) March 2011

compliance recording market-leading portfolio analytics-based business solutions

$60 million $25 million

Zeevi Bregman, President and CEO, NICE systems said, "This transaction adds talent and complementary solutions, as we execute on our strategy for growth. 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 centers 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"

"We are committed to protecting the technology investments of NICE and CyberTech customers. We expect a rapid and smooth integration that will yield many synergies and customer benefits, and will benefit from our proven track record of quick and measurable results. Finally, I would like to extend a warm welcome to the CyberTech employees who will be joining NICE," Mr. Bregman, continued.

The Netherlands North America Europe Middle East Asia

Ad Ketelaars, CyberTech CEO said, "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."

About CyberTech

Founded in 1985, CyberTech is a global provider of call recording solutions.  The company’s innovative recording technologies provide secure, open and future-proof solutions that enable organizations to improve performance, optimize service, mitigate risk and maintain compliance at a lower cost. 

About NICE Systems

Corporate Media

Galit Belkind

NICE Systems

+1 877 775-3896

[email protected]


Anat Earon-Heilborn

NICE Systems

+1 877 245 7449

[email protected]

Trademark Note:

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Messers Bregman and Ketelaars, are based on the current expectations of the management of NICE-Systems Ltd. (the Company) only, and are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of the global economic environment on the Company’s customer base (particularly financial services firms) and the resulting uncertainties; changes in technology and market requirements; decline in demand for the Company’s products; inability to timely develop and introduce new technologies, products and applications; difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel; loss of market share; pressure on pricing resulting from competition; and inability to maintain certain marketing and distribution arrangements. For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company’s reports filed from time to time with the Securities and Exchange Commission, including the Company’s Annual Report on Form 20-F.   The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.

SOURCE Nice Systems Ltd.

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