A NICE Exit
I know, the headline is obvious but I couldn't resist.
Glad tidings around the Giza office this week with the official announcement that Actimize, one of Giza's portfolio companies, is being acquired by NICE Systems. Actimize provides enterprise-wide solutions for brokerage compliance, anti-money laundering, and fraud prevention.
The deal is worth around $280M, which is a nice-sized exit by anybody's book.
Not that anybody is surprised. Actimize is a great company with great products working in a great market. You combine the three and you generally get some success. At any rate mazal tov all around!
What happened to the planned IPO?
Posted by:Gil | July 05, 2007 at 02:33 PM