Verint Systems in $1bn merger talks with NSO Group

By Pouyan Broukhim

New York-based analytics company Verint Systems is in talks with Israel's NSO Group in regard to a potential merger between its securities division and the Middle Eastern cybersecurity company, according to Reuters.

The same report suggests that the deal is set to be worth approximately $1bn.

See also:

With Verint Systems selling both software and hardware for security, surveillance and business intelligence, the acquisition of NSO would compliment its existing portfolio, with the Israeli firm offering mobile tools to government and law enforcement bodies, aiding them in the fight against cybercrime.

Should these talks come to fruition, an acquisition would not see NSO integrated with Verint's existing securities division, instead operating as a new separate division under Verint's wider portfolio, according to the source, cited by Reuters.

If the deal does complete, San Francisco Partners, the majority shareholder in NSO, would be complete the largest shareholder in Verint. The company previously acquired its stake in NSO for $120mn four years ago.

A successful merger between the two firms would create one of the strongest cybersecurity players in the global market.

The news comes almost a year after the Israeli company was put up for sale in June 2017, with reports soon after suggesting that Blackstone was in talks to buy NSO, only to pull out of any deal later as these talks developed.

Share

Featured Articles

DEI done right: Brook Sims, COO, MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Q&A: China’s ecommerce innovator Jeff Li, CEO of Shoplazza

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

How hybrid work is revolutionising the physical office

As hybrid work models roll out worldwide, the purpose of the office is changing with collaboration, connection and networking taking centre stage

Trailblazer: Shanique Bonelli-Moore, DEI chief at Clorox

Sustainability

Dean Forbes – the Forterro CEO aiming for the moon

Leadership & Strategy

Why becoming a B Corp is good for business

Sustainability