Nice Systems, the provider of advanced solutions that enable organizations to extract insight from interactions to drive performance, announced that it won a security contract from a government agency. The government agency will be implementing Nice's technology, for advanced telecom interception. Nice has received an advanced payment for the first phase of the contract, which is expected to generate US$55 million in revenues starting in 2010 over a period of two to three years.
The NiceTrack solution enables interception of all types of communications. NiceTrack offers a set of solutions for the collection and analysis of both telephony and Internet data for law enforcement, intelligence and internal security organizations. The solution provides a complete suite of operational tools and applications, which ensure that correct information is delivered on time to security decision makers and operational staff, enabling them to detect threats and achieve a fast and appropriate response.
"We are very excited about winning this large contract, which once again demonstrates the successful execution of our strategy," said Israel Livnat, President of Nice's Security Group. "This latest selection of our NiceTrack solution . . . helps to combat crime and terror threats."
"This mega contract is an important milestone in the evolution of our Security business, one that can lead Nice to another phase of growth," said Haim Shani, CEO of Nice Systems. "It also demonstrates that our strategy of leveraging the company's core competence in capturing, managing, and analyzing massive amounts of unstructured data to accelerate the success of both security and enterprise businesses, is generating significant results."