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Tag: Battery Ventures


Suppliers

Battery, NICE deal is done, business renamed Qognify

September 23, 2015Martha Entwistle

BOSTON—Battery Ventures on Sept. 20 closed the NICE physical security business unit deal and renamed the business Qognify.Battery Ventures announced its intention to acquire the business in August for $85 million in cash and up to an additional $15 million. Final terms have not been made public, however, Monroe Capital in Chicago announced that it was the sole lead arranger and administrative agent on the funding of a $57.5 million senior credit facility to support Battery Ventures' acquisition.Monroe...

Battery Ventures, Monroe Capital, Moti Shabtai, Nice, Qognify


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On The Editor's Desk

Battery closes NICE deal, renames security company

September 21, 2015Martha Entwistle

BOSTON— Battery Ventures today closed the NICE physical security business unit deal and announced that the new independent business will be called Qognify. Battery Ventures announced its intention to acquire the business for "up to $100 million" in August. Here's a story on that announcement. Today's announcement did not include details on the final price. In August, I spoke to Battery Ventures' Jesse Feldman about the deal. I have a call into Feldman to talk more and I'm hoping to catch up...

Battery Ventures, Jesse Feldman, Moti Shabtai, NICE PSBU


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Suppliers

Battery Ventures to buy NICE security unit for $100 million

August 3, 2015Martha Entwistle

BOSTON—Battery Ventures, a technology investment firm based here, announced today it will acquire the physical security business unit (PSBU) of NICE Systems for up to $100 million.Jesse Feldman, general partner at Battery Ventures, told Security Systems News that Battery will use the PSBU as a platform for growth and it is interested in possibly acquiring access control capabilities and more analytics capabilities as well.“We have a signed deal. We're just waiting for regulatory approval;...

Battery Ventures, Jesse Feldman, NICE Systems, Raymond James


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Also Noted

Tyco completes acquisition of Industrial Safety Technologies

March 24, 2015SSN Staff

CORK, Ireland—Tyco International has completed its acquisition of Industrial Safety Technologies, a manufacturer of gas and flame detection gear, from Battery Ventures for $329.5 million in cash. The business is expected to generate approximately $140 million in annualized revenue, according to a prepared statement from Tyco. Tyco said the combination of IST with Tyco's Scott Safety business will make it one of the largest global designers and manufacturers of gas and flame detection products,...

Battery Ventures, Industrial Safety Technologies, Tyco


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