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M&A Deal Summary

Verint Acquires UTX Technologies

On March 31, 2014, Verint acquired communications company UTX Technologies for 83M USD

Acquisition Highlights
  • This is Verint’s 1st transaction in the Communications sector.
  • This is Verint’s 3rd largest (disclosed) transaction.
  • This is Verint’s 1st transaction in Cyprus.

M&A Deal Summary
Date 2014-03-31
Target UTX Technologies
Sector Communications
Buyer(s) Verint
Deal Type Add-on Acquisition
Deal Value 83M USD
Advisor(s) BB&T Capital Markets (Financial)

Target

UTX Technologies

Cyprus
U-TX is a developer and supplier of cutting-edge mobile and signals intelligence equipment for defense, intelligence, and law enforcement agencies around the globe. Headquartered in the European Union, U-TX’s installed base includes end users located in over 50 countries. U-TX’s innovative technological solutions, which are used to monitor, locate, and exploit mobile devices, enable the Company to operate at the forefront of the rapidly expanding “Big Data” and C4ISR markets.

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Buyer(S) 1

Buyer

Verint

Melville, New York, United States
Category Company
Founded 1994
Sector Information Technology
Employees3,700
Revenue 909M USD (2025)
DESCRIPTION

Verint is a provider of Actionable Intelligence solutions to clients. The company's portfolio of Enterprise Intelligence Solutions and Security Intelligence Solutions helps organizations Make Big Data Actionable through the ability to capture, analyze and act on large volumes of rich, complex, and often underused information sources such as voice, video, and unstructured text. Verint was founded in 1994 and is based in Melville, New York.

DEAL STATS #
Overall 5 of 12
Sector: Communications M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 11
Country: Cyprus M&A 1 of 1
Year: 2014 M&A 2 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-04 Kana Software

Sunnyvale, California, United States

KANA is a provider of multi-channel customer service solutions. KANA's integrated software solutions allow companies to deliver consistent, managed service across all channels, including email, chat, agent knowledge and customer web self-service.

Buy $514M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 Telligent

Frisco, Texas, United States

Telligent, Inc. is a provider of software solutions for digital marketing and support communities.

Buy -
Mergr

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