NICE Is Out Of the Video Surveillance Business / Now Qognify

Author: John Honovich, Published on Aug 03, 2015

One of the bigger players of the prior era is exiting the video surveillance market.

NICE is selling off its 'physical security business unit' to a US investment firm.

From speaking with both NICE's General Manager and the investment firm partner leading the deal, we believe this will help the new company compete at the high end of the market.

Inside this post, we break down the deal, examining what the investment firm is likely to do and where NICE's ex-unit is headed.

*** ** *** ****** ******* ** *** ***** *** ** exiting *** ***** ************ ******.

**** ** ******* *** *** '******** ******** ******** ****' ** a ** ********** ****.

**** ******** **** **** ****'* ******* ******* *** *** ********** firm ******* ******* *** ****, ** ******* **** **** **** the *** ******* ******* ** *** **** *** ** *** market.

****** **** ****, ** ***** **** *** ****, ********* **** the ********** **** ** ****** ** ** *** ***** ****'* ex-unit ** ******.

[***************]

NICE ****** ** *****

****'* ****** ******* ** ~$* *******, *** ** ****, *** security ***** **** **** **** * ******* ** **** *******. And **** ****** ********, *** ***** ************ / ******** ******** unit, ** **** * ******** ** ****. **** ** ****'* revenue ***** **** '******** *********** *********' / **** ******, ***** is ******* **** ** ****'* *****.

******, ** *****,**** **** *** ***** ************* ********, ******* **** ** ***** ******** *****, *** $***.* ******* cash + $** ******* **********. **** ****, *** ******** ******** offerings *** ***** ****** ****** / *** ********* *********.

NICE **** ***** / *********

***,**** ** ******* *** *** ******** ******** ******** ****(****) *** $** ******* *** + $** ******* ********* **********.

**** *** *** ******** ***** ******* *** ******** ********, *** we ******** *** **** ** ** * $** - $** million ********, ***** ***** ****** ** ****** ******* ************ *** total **** ******** ******* *******.

** ******** * ***** ** ***** ***** ** * - 2**** ** *******, *** ********** ****, ***** ***** ** ****** ********** ****, *********** **** **** of *** ******* ** **** ********, *** ********.

NICE **** *********

********* ** ****, ***** ******** ******** ******** ********* ** *** software, **** / ********* ********** ******** (****************** **** ***** ** ****), *** ***** ********* ********. **** **** **** ***** **** limited ******* *** ******** *** ***** **** **** * ******* offering. **** **** *** **** *******.

**** **** ***** **** / ********* ********** ******** ** ******* in ********** ******* *** **** *** ***** ** ***** **** revenue ** ********** **** ****. ** **** ***, **** ** looking ** *** / **** **** ******** *** **** **** security, ** ****** **** ****** *** *********** **********.

NICE ****** ********

**** *** ************ **** ******* ** *** **** **** *** of *** ******** ******** / ************ ******. ** ****, **** their ******* ***** *** ** *** *** ******* ****** *****, which *** ***** ************, ** *** **** *** ** *** industry.

** ** *** ****** **** ** ******, ********** **** *** increased ***** ** ********* **********. **** ** **** ****'* ******* is ** *** $** ** $** ******* *****, ** ***** they **** **** **** * ******* *** ********* *** ****. Of ******, *** ****** ** **** **** ** ***** ***** deals **** *** ******** ** ********* ** ******** ****.

The ****** ** *** ******** *******

******* ** * ****** **** *****, ********* ********** ****. **** importantly, ***** ***** ** ********** * ****** ***** ** ***** that *** ********* ** *** *********** *****, *** ********** *****-**** operating *******.

** **** ***, ** ****** ******* **** **** **** ***** security / ************ ********.

Future *******

****** ** ****, ******** ******** *** ** ****** *** *** small ** ** *******.

***, *** **** **** **** ****** *** *** *********** ******* (the *******'* *** **** *********).

***** **** ***** ******** *** ***** **** ** ** *** high *** ** *** ******** / ************ ******, ***** ******* impact **** ** *******. *******, **** **** *** **** *** of *** *** ********** ********* **** *** **** ********* *** the **** *** ** *** ******. * ***** *********** ***** could **** ****.

Comments (6)

* ****** ******** **** ****** **** ** ****** ***** **** to *** ***** *** **** *** **** ****. ****'** **** similar.

****,

**** *****'* ******** **** **** *********. ** ****, *'* ******* to ***** ****** ***** ** ********** ** ******* *** ***** video ************ ******** ** **** ***** ** *** **** ******. It's *** ******** *** ***** ********** ** ******'* *********, ****** has ******* ****** ********** *** ********** **** **** *** ********* in *** **** ** ******, *** *** ***** ************ ******** doesn't *** ******'* **** ******** ** * ********-***** *** **** company.

** **'* *********** **** ****** ***** ***** ** **** *** it's ***** ************ ********, *** ***** ***** ** ******* *** them ** ******** **** ** ****-*****.

"********-***** *** **** *******"

****'* **** *** **** **** ***** ************?

* ***... * ***...

******** ** ** **-****** ***, *'** ****** ********* **** ****** uses ***** ***** ******** ** * *** *******.

*** **** ******** *** ********** **** ** *** **** ******** of ****?

***, *** **** **** ******** ******** (*** ****), ********** (*** VMS), *** ***** ********* ********* *** ********** ******.

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