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Verint Announces Acquisition of UK-Based CM Insight

  • February 14 2006, 1:00am EST

Verint Systems Inc., a provider of analytic software-based solutions for security and business intelligence, announced the acquisition of CM Insight Limited, a privately held customer management solution provider that helps enterprises enhance their customer experience and improve the quality and performance of their contact center operations. Founded in 1998, CM Insight has 23 employees and is headquartered in Weybridge, UK.

CM Insight helps enterprises enhance the performance of their customer-facing operations by analyzing customer contacts to provide a deep understanding of how contact center interactions impact customer behavior. This actionable intelligence helps enterprises better understand the factors that shape their customers' experience so they can develop more effective strategies for growth.

Verint Systems has acquired the business of CM Insight for approximately $5.8 million in cash at closing and additional earn-out payments over two years based on certain performance targets. The acquisition is expected to be neutral to pro forma EPS in Fiscal 2006.

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