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CEM awards EMEA partners

CEM Systems, part of the Security Products business unit of Tyco, has selected the winners of the 2015 CEM Business Partner of the Year Awards, EMEA. Securitas received the CEM Business Partner of the Year award for their success in Europe, LMG for UK & Ireland, Majees Technical Services LLC for Middle East, and Afrisec Group for the Africa region. The winners were announced at the annual CEM Conference held at the 5 star Culloden Hotel, Belfast, 27th – 29th April 2015.

Business News

Elbit to acquire division of Nice for up to $157.9 M

Elbit Systems Ltd, headquartered in Haifa Israel has signed an agreement to acquire Nice Systems Ltd.'s Cyber and Intelligence division for a total amount of up to $157.9 million, subject to certain customary adjustments. Out of the total amount, $117.9 million will be paid in cash at the time of the closing, expected to take place in the third quarter of 2015, subject to certain closing conditions. An additional amount of up to $40 million will be paid as earn-out, based upon the future business performance of the acquired division's activities.

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