Actimize, a NICE Company, Acquires Syfact Business to Create Industry's Leading Provider of Advanced Enterprise Investigative Ca
17 Juin 2009 - 1:16PM
PR Newswire (US)
Actimize and Syfact Customers Will Immediately Benefit From the
Combined Intellectual Capital and Range of Solutions; Actimize Will
Continue to Support Current Syfact Customers RA'ANANA, Israel and
NEW YORK, June 17 /PRNewswire-FirstCall/ -- NICE Systems
(NASDAQ:NICE) and Actimize, a NICE Systems Company, today announced
the acquisition of the assets of Syfact, a pioneer of enterprise
investigative case management solutions. Syfact's expertise,
technology and best practices will help Actimize customers further
improve investigative operations, increase compliance with
regulations and reduce overall operational costs. The acquisition
also enhances the joint company's footprint and competitive
position, providing immediate benefits for both Actimize and Syfact
customers. Actimize intends to continue supporting current product
installations and increase investment in Syfact's product support
program. This deal amounts to several million dollars. "Financial
services companies are continuing to invest in integrated,
end-to-end enterprise fraud and case management technologies," said
George Tubin, senior research director at TowerGroup. "Enterprise
case management is becoming critical for overall firm risk
management and financial crime investigations." Syfact,
headquartered in Europe with offices in North America, has been
used by many of the world's largest and most respected
corporations, government agencies and financial institutions
including, among others, ING and Rabobank. The company provides
innovative investigative case management solutions, best practices
and technologies that simplify and enrich the most complex fraud,
money laundering, customer due diligence and corporate security
investigations. In addition to robust and intuitive investigative
tools, a key feature of Syfact's solution is its ability to
permanently store all types of investigative information in a
single interlinked database that can be accessed, searched, linked
and cross referenced during future investigations and cases.
"Syfact has a rich history as a pioneer of case management systems
for investigation and prosecution of serious crimes," says David
Sosna, CEO of Actimize. "Over the years, they have built tremendous
expertise and best practices while solving some of the most complex
investigative challenges. We are confident that this acquisition
will compliment and expand upon Actimize's enterprise financial
crime platform. Both Actimize and Syfact clients will immediately
benefit from our newly combined intellectual capital and range of
technology solutions." Actimize's financial crime and enterprise
risk management solutions deliver proven end-to-end transactional
monitoring, control and investigation capability to large and
mid-size financial institutions around the world. The Actimize Core
Platform underpins all Actimize enterprise-wide fraud prevention,
anti-money laundering, brokerage compliance and enterprise risk and
case management solutions, supporting the full risk management
lifecycle from modeling and execution to investigation and
oversight. Syfact's capabilities will be leveraged to enhance this
product suite. About Actimize Mitigating transactional risk across
enterprise silos, Actimize is a leading provider of software
solutions for anti-money laundering, brokerage compliance and fraud
prevention. Built on a patented, scalable and extensible analytics
platform, Actimize solutions enable financial institutions to
increase their insight into real-time customer behavior and improve
risk and compliance performance. Actimize technology processes
billions of transactions a day for many of the world's top banks
and brokerages. Actimize, a NICE Systems company, has offices in
New York, Israel, London and Tokyo. For more information, go to
http://www.actimize.com/. About NICE NICE Systems (NASDAQ:NICE) is
the leading provider of Insight from Interactions(TM) solutions and
value-added services, powered by advanced analytics of unstructured
multimedia content - from telephony, web, radio and video
communications. NICE's solutions address the needs of the
enterprise and security markets, enabling organizations to operate
in an insightful and proactive manner, and take immediate action to
improve business and operational performance and ensure safety and
security. NICE has over 24,000 customers in more than 150
countries, including more than 85 of the Fortune 100 companies.
More information is available at http://www.nice.com/. This press
release contains forward-looking statements as that term is defined
in the Private Securities Litigation Reform Act of 1995. Such
statements are based on the current expectations of the management
of NICE Systems Ltd. (the Company) only, and are subject to a
number of risk factors and uncertainties, including but not limited
to 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, which
could cause the actual results or performance of the Company to
differ materially from those described therein. We undertake no
obligation to update these forward-looking statements. 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. Press
Contact: Jonathan Stotts, Actimize, +1-212-994-3865, Investors:
Daphna Golden, NICE Systems Ltd., +1-877-245-7449, DATASOURCE: Nice
Systems Ltd. CONTACT: Press Contact: Jonathan Stotts, Actimize,
+1-212-994-3865, ; Investors: Daphna Golden, NICE Systems Ltd.,
+1-877-245-7449,
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