The acquisition, originally announced on July 2nd, 2007, was for a total consideration of approximately $280 million. The consideration comprises of approximately 80% paid in cash and approximately 20% by allocating NICE ordinary shares.

"The initial indications coming from customers of NICE and Actimize acknowledge the clear, visible, synergies and business opportunities this combination creates," said Haim Shani, Chief Executive Officer, NICE Systems Ltd.

"The Actimize acquisition constitutes a major milestone in the execution of NICE's growth strategy. Bringing together Actimize's and NICE's solutions establishes NICE as an enterprise-wide analytics powerhouse and the combined solution constitutes a breakthrough in processing, analyzing, and cross-referencing information from customer transactions and interactions. This unique combination, will enable to take millions and millions of transactions and interactions, and handle huge masses of data, comprising a full view of the customer touch points within the organization," concluded Mr. Shani.

Successfully closing the acquisition a month before the end of the third quarter of 2007, earlier than previously communicated, NICE now expects an additional contribution of approximately $3 million in non-GAAP revenues and a dilution of 1 to 2 cents in non-GAAP EPS in the third quarter 2007. The company expects to record transaction related costs and write-offs that will affect third quarter 2007 GAAP results.