Verint gains mobile video solution expertise
September 9, 2004
MELVILLE, N.Y. - Analytical software provider Verint Systems has bought a privately held German company that developed mobile video technology for the transportation market.
The acquisition, announced in early September, was f0r RP Sicherheitssyteme GmbH, or RP Security, a Flensburg, Germany company with 50 employees. Verint bought the company for $9 million cash and 90,144 shares of Verint common stock.
According to Dan Bodner, president and chief executive officer of Verint System, the acquisitions reinforces the companyÃ¢â‚¬â„¢s strategy of buying companies that complement VerintÃ¢â‚¬â„¢s technology and broaden its portfolio of solutions.
The acquisition of RP Security is expected to extend the capabilities of VerintÃ¢â‚¬â„¢s Network Video Solution. It also strengthens the companyÃ¢â‚¬â„¢s presence in the European market.