Xconomy San Diego

NICE Systems Ltd. Acquires Orsus for $22,000,000

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c61b6b2b-db18-4629-8f27-014fb0aa8a20&Preview=1
Date
11/23/2009
Company Name
Orsus
Mailing Address
15615 Alton Parkway Irvine, CA 92618
Company Description
Orsus is focusing on the development of an innovative system that provides a comprehensive solution in the area of situation and response management for command and control centers, particularly organizations in which field security is critical (airports, energy plants, hospitals, etc.), as a first step toward becoming a market leader in this area.
Website
http://www.orsus.com
Transaction Type
M&A
Transaction Amount
$22,000,000
Transaction Round
Proceeds Purposes
M&A Terms
The transaction is subject to the satisfaction of customary closing conditions and is anticipated to close towards the end of the fourth quarter of 2009.