NICE Actimize's enterprise trading compliance platform, broad library of regulatory coverage modules, market leadership and global tier-one client presence are expected to benefit from the Redkite acquisition, with the addition of Redkite's innovative, front-office based approach to real-time trade surveillance to the Actimize trading compliance solutions suite.

Leveraging front office trading practices, along with system insight and know-how, allowed Redkite to develop a compliance product that can be rapidly deployed with minimal client IT investment and lowered total cost of ownership, while providing intraday, real-time surveillance analytics. Redkite's coverage library includes various analytical models including the demands of the European Securities and Markets Authority (ESMA) Directive. It supports different asset classes such as equities, fixed income or futures, among others.

Redkite, with origins in investment banking, has a customer base comprised of global investment banks, broker dealers and futures clearing merchants in a range of tier one and tier two market segments.

The acquisition will advance NICE Actimize's cloud-based trading compliance offerings, enabling clients to be highly responsive to regulatory challenges and timelines and deploy solutions in a more cost-efficient manner. Financial institutions will now be able to use NICE Actimize solutions whether installed on-premise or delivered in the cloud. These capabilities are important during this time of heightened regulatory reform, when financial services firms require flexibility and the agility to choose between on-premise implementation, on-demand access or a hybrid approach.

Zeevi Bregman, President and CEO of NICE Systems said, "As the market leader in the financial risk management and compliance space, our customers are looking to NICE for solutions that enable them to effectively address the growing importance of compliance and the anticipated wave of regulations. The acquisition of Redkite is an important and strategic addition to our trade surveillance and compliance business. Expanding our solutions portfolio will enable NICE to provide timely and cost effective solutions that address the rapidly evolving regulatory landscape."

Notes Amir Orad, President and CEO of NICE Actimize, "Utilizing Redkite's innovative cloud and trade surveillance technology, we can accelerate our clients' ability to quickly deploy new compliance modules as new regulations appear while lowering total cost of ownership. We believe that our complementary technology offerings will deliver strategic value to tier one and tier two financial institutions alike. The Redkite technology contribution also enhances our ability to analyze intraday trading activity in real time, a requirement that has been increasingly on regulators' and customers' agendas."

Adds Orad, "We welcome Redkite co-founders Justin Amos and John Edge, and the team of compliance and technology savvy professionals, to the NICE family."

Redkite co-founder Justin Amos said, "We are excited about the future and our alliance with a company such as NICE that understands how to deliver technology globally to the capital markets. NICE Actimize delivers a breadth and strength in financial crime solutions that is second to none, and we are proud that the Redkite service will be part of this team."

The Redkite team will be introduced to customers in New York at the NICE Actimize 8th Annual Global Client Forum, an exclusive flagship gathering of executive leadership from the world's most prominent financial institutions. Taking place from October 23-24, the NICE Actimize Global Client Forum is an invitation-only event designed to foster collaboration among the world's leading financial institutions.

The Company expects the acquisition to be immaterial to its fourth quarter and full-year 2012 Non-GAAP revenues and Non-GAAP fully diluted earnings per share.