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Investment firm Battery Ventures buys Physical Security Business Unit from NICE Systems for $100 million

Battery Ventures, the US investment firm has purchased the Physical Security Business Unit of NICE Systems for $100 million. As a result of the deal, PSBU, which provides video management, video analytics and situation management solutions will be positioned into independently operating business. Battery plans to grow PSBU by maintaining its focus on the physical-security market, while growing the unit’s solutions for daily operations management. It also hopes to complement the company’s existing technology through highly strategic acquisitions.

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Buy-out,Deal News,United States,Battery Ventures,NICE Systems,Physical Security Business Unit (PSBU),private equity,US,venture capital,us,battery ventures,physical security business unit (psbu),nice systems