Verint stock rises on report it may be bought by Israeli rival
Verint Systems Inc., an intelligence and technology firm in Melville, announced Monday, Aug. 13, 2012, that it would acquire Comverse Technology Inc., a holding company that currently owns a majority stake in Verint. Credit: Handout
Shares of Melville-based Verint Systems Inc. were up 7 percent Monday after a report that the software company is in talks to be acquired by an Israel-based civil defense firm.
Verint shares were up $2.26, to $33.86, after the Israeli financial newspaper Calcalist reported Nice Systems was considering paying $1.5 billion to acquire the Long Island company.
A spokesman for Verint did not immediately respond to a request for comment.
Verint produces software used by businesses and government agencies to sift through data from telephone calls and surveillance cameras to detect potential problems.
Tax hike in town's proposed budget ... Residents sue over industrial park plan ... Attacks ads targeting Suozzi paused ... Out East: McCall Wines
Tax hike in town's proposed budget ... Residents sue over industrial park plan ... Attacks ads targeting Suozzi paused ... Out East: McCall Wines
