Verint Systems acquires privately held provider of communications intelligence solutions, data retention services, and network performance management

Client(s) Verint Systems Inc.

Jones Day advised Verint Systems Inc. in its acquisition of all of the outstanding shares of a privately held provider of communications intelligence solutions, data retention services, and network performance management, based in the Americas region. This acquisition expanded Verint's Communications Intelligence product portfolio and increases its presence in this region.

Verint acquired this company for approximately $10.9 million in cash at closing. Verint also agreed to make potential additional cash payments of up to approximately $23.0 million, contingent upon the achievement of certain performance targets over the period ending January 31, 2014.