NICE and Nexidia to Join Forces

NICE Systems announced that it has entered an agreement to acquire Nexidia, a provider of advanced customer analytics.

The new combined offering features analytics capabilities with accuracy, scalability and performance, allowing organisations to expand their analytics usage in critical business use cases.

Organisations can now enjoy multiple benefits from the joint offering:

• Highest accuracy of analytics outcomes based on the industry’s most advanced analytics technologies
• Scalability which drives the lowest Total Cost of Ownership
• Real-time analytics as the new standard for making smarter business decisions
• Immediate value realisation based on a full range of delivery models including SaaS and managed analytics
• Analytics solutions covering the most comprehensive set of business use cases

“The acquisition of Nexidia is part and parcel of our strategy to enhance our analytics offering. It is an important step in our mission to deliver the power of customer data and insight beyond the contact centre.” Barak Eilam, CEO, NICE Systems. “Their addition to our company will solidify NICE’s position as an analytics powerhouse. I look forward to working with our new team members.”

“We are excited for the opportunity to join ranks with NICE in order to create a true analytics powerhouse. The combination creates a win-win scenario for both our customers and our companies, as we join our knowledge, skills and technologies to bring to the market the most compelling offering.” John Willcutts, CEO, Nexidia.

Under the terms of the agreement, NICE will acquire Nexidia for a total cash consideration of approximately $135 million. Subject to certain conditions and satisfaction of terms, the transaction is scheduled to close during the first quarter of 2016. The company expects the acquisition be accretive to earnings on a non-GAAP basis in 2016.