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Verint in talks to merge with Israel’s NSO Group at $1 billion value: source

JERUSALEM (Reuters) – U.S.-based software program firm Verint Systems (VRNT.O) is in talks to merge its safety division with Israeli cyber surveillance agency NSO Group at a worth for NSO of about $1 billion, a source shut to the negotiations stated on Monday.

NSO Group would stay an impartial firm as a division inside Verint, stated the source, who spoke on situation of anonymity.

NSO declined to remark whereas Verint was not obtainable outdoors U.S. enterprise hours. The talks had been first reported by the Wall Street Journal.

NSO is among the world’s higher recognized suppliers of cell surveillance instruments to governments and regulation enforcement businesses. But they’ve been criticized by on-line privateness activists who’ve accused the corporate of making spyware and adware used to goal rights teams and reporters world wide.

Reporting by Steven Scheer; Editing by Jeffrey Heller

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