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Melville software maker buys Va. rival

Melville-based Verint Systems Inc. has agreed to pay

Melville-based Verint Systems Inc. has agreed to pay as much as $76.4 million for Vovici Corp., of Virginia. Photo Credit: Verint

Melville-based Verint Systems Inc., a maker of software systems to analyze video and audio signals, says it has completed its purchase of a competing company.

It agreed to pay as much as $76.4 million for Vovici Corp., of Virginia. The pending acquisition had first been announced last month.

The combined company will give Verint a competitive advantage in selling software that gives insight into how employees interact with customers, Verint said.

The acquired company's resources will feed into Verint's existing Voice of the Customer Analytics system, according to Verint, which has told the Securities and Exchange Commission that it would pay $56.5 million at closing and as much as $19.9 million in the following 18 months, depending on performance.

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