NICE (NICE) to Acquire Merced Systems in $150M Deal + Performance Bonuses
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NICE (Nasdaq: NICE) today announced that it has entered an agreement to acquire Merced Systems.
Under the terms of the agreement, NICE will acquire Merced for a total consideration of approximately $150 million, net of cash acquired. Additionally, NICE will pay Merced up to $20 million in cash subject to Merced meeting certain performance targets. Subject to certain conditions and satisfaction of terms, the transaction is scheduled to close by the middle of the first quarter of 2012.
The company expects Merced to add approximately $55 million to 2012 Non-GAAP revenues with a greater portion of the revenues to occur in the fourth quarter, and to add approximately $0.10 per share to fully diluted 2012 Non-GAAP EPS. NICE expects the acquisition to be $0.02 - $0.03 dilutive to fully diluted Non-GAAP EPS for the first quarter of 2012.
Merced is a service and sales performance management solution provider.
Under the terms of the agreement, NICE will acquire Merced for a total consideration of approximately $150 million, net of cash acquired. Additionally, NICE will pay Merced up to $20 million in cash subject to Merced meeting certain performance targets. Subject to certain conditions and satisfaction of terms, the transaction is scheduled to close by the middle of the first quarter of 2012.
The company expects Merced to add approximately $55 million to 2012 Non-GAAP revenues with a greater portion of the revenues to occur in the fourth quarter, and to add approximately $0.10 per share to fully diluted 2012 Non-GAAP EPS. NICE expects the acquisition to be $0.02 - $0.03 dilutive to fully diluted Non-GAAP EPS for the first quarter of 2012.
Merced is a service and sales performance management solution provider.
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