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NICE Systems Is Selling Its Video Surveillance Business for $100M

Israeli software provider NICE Systems is selling its video surveillance technologies unit to private equity firm Battery Ventures for up to $100 million, its second divestment in three months as it focuses…


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Security Sales & Integration's "Legal Briefing" guest columnist Jesse Kirschenbaum explains why money collections may bog security alarm companies down deeper. By Jesse Kirschenbaum · August 03, 2015

Israeli software provider NICE Systems is selling its video surveillance technologies unit to private equity firm Battery Ventures for up to $100 million, its second divestment in three months as it focuses more on its analytics business. According to officials with NICE, which provides analytical software that enables companies to spot fraud and fend off security threats, the firm will receive $85 million in cash and as much as $15 million based on future performance. Scott Goldfine · August 03, 2015

Control4's Q2 revenue hit $44.6 million compared to $36.7 million for the same quarter last year. Revenue for first half of 2015 is up 12% to $76.7 million. Jason Knott · July 31, 2015

The firm had revenue of $519.5 million for the quarter, compared to analyst estimates of $514.18 million. SSI Staff · July 31, 2015

The hard drive maker generated $488 million during the fourth fiscal quarter, ending with total cash and cash equivalents of $5 billion. SSI Staff · July 31, 2015

Diebold posted quarterly revenue of $733.4 million, surpassing analyst forecasts. SSI Staff · July 31, 2015

Tyco posted earnings of 59 cents per share on revenue of $2.49 billion for the quarter ended June 26. SSI Staff · July 31, 2015

The facility in St. Laurent, Quebec, will serve as home base for product support, technical support and quality assurance. SSI Staff · July 30, 2015

Net income from continuing operations was $236 million, up from $232 million a year earlier. SSI Staff · July 30, 2015

ADT reported that its total revenue increased 5.8% to $898 million in Q3 2015. However, net income was down 8.5% to $75 million compared with $82 million in the same quarter last year. SSI Staff · July 30, 2015




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