M&A Deal Summary

NICE Acquires Sira Defence and Security

On May 23, 2019, NICE acquired electronics company Sira Defence and Security from Volvere

Acquisition Highlights
  • This is NICE’s 1st transaction in the Electronics sector.
  • This is NICE’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2019-05-23
Target Sira Defence and Security
Sector Electronics
Buyer(s) NICE
Sellers(s) Volvere
Deal Type Add-on Acquisition

Target

Sira Defence and Security

London, United Kingdom
Sira Defence and Security Ltd. is a provider of hardware and software surveillance solutions. Sira Defence and Security was founded in 2005 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

NICE

Ra'anana, Israel

Category Company
Founded 1986
Sector Software
Employees8,726
Revenue 2.7B USD (2024)
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 19 of 24
Sector: Electronics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 18 of 23
Country: United Kingdom M&A 3 of 4
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-26 Mattersight

Chicago, Illinois, United States

Mattersight Corp. is a provider of cloud based analytics for customer service organizations. Mattersight Corp. was founded in 1994 and is headquartered in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-04 Guardian Analytics

Mountain View, California, United States

Guardian Analytics is an AI cloud-based financial crime risk management solution provider. Guardian Analytics is based in Mountain View, California.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Volvere is an investment company that invests in or acquires companies which require growth capital. Target companies may be profitable, under-performing or loss-making. Volvere also acquires any company that is complementary to its existing portfolio or which is in a sector in which the Firm has specialist knowledge. Sectors of interest include technology, software, support services, defense, marketing, retail, construction, property, financial Services, manufacturing and automotive. Volvere is based in London.


DEAL STATS #
Overall 4 of 4
Sector: Electronics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
Country: United Kingdom M&A 4 of 4
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-04 Impetus Automotive

Warwick, United Kingdom

Impetus Automotive Ltd. is a specialist business consultancy, supplying Sales and Aftersales support services to the automotive industry. Impetus Automotive is based in Warwick, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-07 Indulgence Patisserie

Colchester, United Kingdom

Indulgence Patisserie is a manufacturer of premium desserts for the retail and food service markets. Indulgence Patisserie was founded in 1988 and is based in Colchester, England.

Buy -