Verint Systems set to buy Israeli cybersecurity specialist NSO for $ 1 billion

by bold-lichterman

Verint Systems wants to strengthen its portfolio of cybersecurity solutions. The provider of software for human resource optimization and business security is in talks to acquire the Israeli company NSO Group, which develops cybersurveillance solutions. The amount of the operation could reach the billion dollars, reports the Wall Street Journal.

The payment could be made in shares and in the form of a debt takeover from the investment fund Francisco Partners, which would then become the largest shareholder of the American company. To date, the market capitalization of Verint Systems is $ 2.9 billion on Nasdaq.

NSO renowned for its Pegasus spyware

Founded in 2010 by Niv Carmi, Shalev Hulio and Omri Lavie, NSO develops solutions to help governments and businesses in collecting data to improve performance and security. The Israeli company is particularly known for its military expertise with the Pegasus spyware, which allows conversations to be recorded and access to photos, messages and websites viewed on a smartphone.

This takeover will thus enable Verint Systems to enrich its offer for government bodies and businesses. Currently, the solutions developed by the American company are used by more than 10,000 organizations in 150 countries.

Israeli Tech stands out again in cybersecurity. In June 2017, the start-up Hexadite had seduced the American giant Microsoft, which had spent $ 100 million to afford the Israeli company. It has developed technology that connects to existing cybersecurity systems to automatically analyze online threats using artificial intelligence.