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Tag: Moti Shabtai


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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