Nice Systems, a supplier of solutions that enable enterprises and security organizations to extract insight from Interactions, announced a definitive agreement to acquire the security management solution assets of Orsus, a 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 US$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' security management software with Nice's comprehensive security solutions, complemented by its vertical domain expertise, will enhance Nice's 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 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. The 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.