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Nice Systems to buy US Causata.

M2 EQUITYBITES-August 8, 2013-Nice Systems to buy US Causata(C)2013 M2 COMMUNICATIONS

8 August 2013 - Israeli software firm Nice Systems Ltd (TLV:NICE) said it had agreed to take over US sector player Causata Inc in a move to enhance its customer engagement analytics platform.

It did not say how much it would pay for the business.

The target, which was founded in 2009, specialises in providing Customer Experience Management (CXM) software. Through the purchase, the buyer will add Causata's web-based predictive analytics and machine learning technologies, enabling it to offer solutions that provide greater visibility into a customer's activities on the web, Nice said.

The deal represents a significant move within the company's strategy to provide businesses with real-time solutions that help them improve the customer experience, bolster revenues and achieve better operational efficiency, the buyer said. The acquisition is seen to slightly dilute Nice's third-quarter earnings per share and to have no impact on fourth-quarter and full-year earnings.

The transaction is seen closing in a few days, the buyer added.

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Publication:M2 EquityBites (EQB)
Date:Aug 8, 2013
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