NICE Systems (NICE) To Acquire Management Solution Assets of Orsus for $22M

November 23, 2009 6:52 AM EST

NICE Systems (NASDAQ: NICE) today announced the signing of a definitive agreement to acquire the security management solution assets of Orsus, a leading provider of Security Management Solutions. Under the terms of the agreement, NICE will be acquiring the security management solution assets of Orsus in an all-cash transaction for a total consideration of $22 million, subject to certain adjustments. The transaction is subject to the satisfaction of customary closing conditions and is anticipated to close towards the end of the fourth quarter of 2009.

The integration of Orsus' unique security management software with NICE's comprehensive security solutions, complemented by its vertical domain expertise, will enhance NICE's leadership position in the security market, and enable its customers and partners to better protect city centers, transportation systems, critical infrastructure, and enterprise campuses.

Critical incidents today are becoming more frequent and with more far-reaching consequences. In response, organizations have made massive investments in a wide range of security technologies and in corresponding manpower. However, these security tools often exist in different silos, which lead to information overload, making it difficult to get the complete picture and manage critical incidents effectively. Orsus' Situator security management solution provides a framework for fusing data silos from disparate security and safety systems as well as multiple command and control centers, into a single, holistic operational view and automating security procedures.

Situator's open architecture enables integration with a wide array of security and safety alerting sources from different vendors, such as video surveillance systems, access control, intrusion sensors, alarm panels, fire and safety sensors, radars, among others. It can also fuse and display information from Geographical Information Systems (GIS) and Geographical Positioning Systems (GPS), to rapidly determine exact incident location, and how best to respond. It has been installed at dozens of implementations worldwide and is used by governments, transportation and critical infrastructure security organizations to enhance situational awareness, accelerate response time, improve situation resolution, consolidate operations and reduce Total Cost of Ownership (TCO). Orsus customers include among others, American Electric Power, Aqua America, Israel Air Force, National Guard of the United States, Port of Houston Authority, Transnet Freight Rail and Virginia Port Authority.

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