M&A Deal Summary

NICE Acquires FAST Video Security AG

On November 17, 2005, NICE acquired safety/security company FAST Video Security AG from CornerstoneCapital for 21M USD

Acquisition Highlights
  • This is NICE’s 1st transaction in the Safety/Security sector.
  • This is NICE’s 8th largest (disclosed) transaction.
  • This is NICE’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2005-11-17
Target FAST Video Security AG
Sector Safety/Security
Buyer(s) NICE
Sellers(s) CornerstoneCapital
Deal Type Add-on Acquisition
Deal Value 21M USD

Target

FAST Video Security AG

Hünenberg, Switzerland
FAST Video Security AG, Rotkreuz Switzerland, develops innovative systems for digital recording, transmission, saving and processing of video signals on the security- and observation sector.

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Buyer(S) 1

Buyer

NICE

Ra'anana, Israel

Category Company
Founded 1986
Sector Software
Employees8,384
Revenue 2.4B USD (2023)
DESCRIPTION

NICE is a global enterprise software provider that enables organizations to improve customer experience, drive business performance, ensure compliance and fight financial crime. The Company's mission is to provide organizations with the confidence in making the right business decisions based on accurate, relevant and insightful information. NICE helps companies understand their customers and predict their needs, optimize their workforce to drive greater efficiency, and identify suspicious behaviour to prevent financial crime. NICE does this by capturing customer interactions and transactions across multiple channels and sources. NICE then applies analytics to this data to provide real-time insight and uncover intent. The Company's solutions allow organizations to operationalize this insight and embed it within their workflows and daily business processes. NICE was founded in 1986 and is based in Ra'anana, Israel.


DEAL STATS #
Overall 2 of 23
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 2 of 22
Country (Switzerland) 1 of 1
Year (2005) 2 of 2
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-01 Hannamax Hi-Tech Pty.

Crows Nest, Australia

Hannamax Hi-Tech Pty. Ltd. is a supplier of call center solutions.

Buy $2M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-22 IEX

Richardson, Texas, United States

IEX Corp. is a provider of workforce management, strategic planning and performance management solutions for the contact center.

Buy $200M

Seller(S) 1

SELLER

CornerstoneCapital

Frankfurt, Germany

Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 150M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

CornerstoneCapital is a private equity firm specializing in management buyouts/buy-ins, growth capital financings, and PIPE transactions. The Firm targets small and mid-sized companies throughout Germany, Switzerland, and Austria. For growth capital investments, the Firm prefers to invest €3 to €15 million in companies with revenues of at least €5 million. For management buyouts, Cornerstone prefers to invest in companies with revenues of €10 million or greater valued up to €50 million. For PIPE transactions, the Cornerstone invests €5 to €10 million in listed companies with revenues of at least €20 million. Areas of interest include engineering, chemicals, software, healthcare, and business services. CornerstoneCapital was formed in 2001 and is based Frankfurt, Germany.


DEAL STATS #
Overall 4 of 13
Sector (Safety/Security) 1 of 1
Type (Add-on Acquisition) 2 of 5
Country (Switzerland) 1 of 2
Year (2005) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-30 Utimaco

Aachen, Germany

Utimaco is a global provider of specialist professional cybersecurity and compliance solutions, offering hardware-based, high-security appliances (hardware security modules) and compliance solutions for telecommunication provider regulations (lawful interception and data retention). Utimaco was founded in 1983 and is headquartered in Aachen, Germany, and has around 170 employees worldwide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 D+S Europe AG

Hamburg, Germany

D+S Europe AG is a provider for fashion ecommerce and Germany's leading service provider for customer contact management. With a comprehensive full-service solution it is becoming a leading partner for international ecommerce for the fashion and lifestyle trade.

Sell -