Verint Systems Inc., a provider of analytic software-based solutions for communications interception, networked video security and business intelligence, announced that it has completed the acquisition of the networked video security business of MultiVision Intelligent Surveillance Limited for approximately $51.2 million in cash, subject to certain post-closing adjustments.
Based in Hong-Kong with multiple offices throughout China, MultiVisions networked video security business provides Verint with local product development, customer support and solutions that are focused on the requirements of the Asia Pacific region. The acquisition will enable Verint to further address the demand for actionable intelligence solutions in the growing Asia Pacific region.
MultiVision provides Verint with a local research and development group and a strong management team for the Asia Pacific region and we look forward to adding this experienced group of managers and developers to the Verint team, said Dan Bodner, CEO and President of Verint Systems. The combination of Verints and MultiVisions networked video security portfolio will provide our joint customer base with a broader set of solutions and a greater global presence .
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