Verint to Pay $65 Million for Cloud Company ForeSee
Subject to the closing of the transaction, the company updated its initial non-GAAP outlook for the next year by $20 million, to $1.345 billion
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Verint develops and sells customer engagement systems and surveillance products, with customers including banks, media companies, and other financial and retail institutions, law enforcement organizations, governments, and secure facilities. The company employs a little over 1,000 people in Israel.
The company stated the acquisition will augment its current product portfolio.