UPDATE 1-NSO Group's management buys firm from Francisco Partners [Reuters]
Verint Systems Inc. (VRNT)
Last verint systems inc. earnings: 3/31 04:05 pm
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Source: Reuters
UPDATE 1-NSO Group's management buys firm from Francisco Partners | Reuters 2 Min Read (Adds details, quote, background) TEL AVIV, Feb 14 (Reuters) - Israeli cyber surveillance firm NSO Group said on Thursday its founders and management had acquired the company from U.S. private equity firm Francisco Partners with the support of European private equity firm Novalpina Capital. NSO did not provide financial details. An industry source told Reuters the deal for Francisco Partners’ stake of more than 65 percent was based on a company valuation of about $1 billion. Management and employees already own the rest of NSO. NSO is best known as a supplier of mobile surveillance tools to governments and law enforcement agencies. It had revenue of $250 million and dozens of licensed customers in 2018. The Luxembourg-headquartered company was founded in 2009 by Shalev Hulio and Omri Lavie, who led the acquisition. It was in the spotlight in 2017 amid allegations that the Mexican government used the
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VRNT
Earnings
- 3/27/24 - Beat
VRNT
Sec Filings
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 4
- VRNT's page on the SEC website