FOR IMMEDIATE RELEASE
Corum Leads Sale of FAST to NICE Systems
Bellevue, Washington, USA January 11, 2006 The Corum Group is proud to announce the sale of its client, FAST Video Security AG, a Switzerland based developer of innovative video systems for security and surveillance purposes, to NICE Systems Limited (NASDAQ: NICE), the global provider of advanced solutions that enable organizations to extract Insight from Interactions™ to drive performance. The businesses of FAST Video Security and NICE fit together extraordinarily well. The FAST smart IP-based video solutions complement NICEs existing security offering. Customers of both companies will benefit from a complete suite of products to improve both security and operational performance, explains Gregory Galliford, Corum Vice President.
About FAST Video Security AG:
FAST Video Security AG is a developer of innovative video systems for security and surveillance purposes. All of its products are network-ready and communicate over TCP/IP. Its product range includes network-compatible video encoders, hard-disk recorders and video management systems marketed under the label of alpha technology®. FAST products' fields of application range from casino surveillance systems by way of observation assignments for investigation services and airports to remote maintenance and traffic monitoring. More information is available at www.fast-security.com.
About NICE Systems Limited:
NICE Systems (NASDAQ: NICE) is the leading provider of Insight from Interactions™, based on advanced content analytics of traditional telephony and IP, web, radio and video communications. NICE's solutions improve business and operational performance, as well as security. NICE has over 23,000 customers in 100 countries, including the world's top 10 banks and over 75 of the Fortune 100 companies. More information is available at www.nice.com.
About The Corum Group:
Corum Group is the premier provider of M&A services to software and information technology companies worldwide. With ten offices globally, Corum has completed over US$ 5 billion in transactions in 14 countries in its 20 year history, and publishes the software industrys most widely distributed M&A research. Corum is built and staffed by highly experienced former CEOs, who are supported by the industrys leading researchers, writers and valuators. The company has spent more than US$ 20 million to build the worlds largest IT database of software companies worldwide (with over 70,000 contacts) to help ensure unparalleled success in client engagements. For more information please visit www.corumgroup.com.
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