NICE Systems (NASDAQ: NICE), announced the signing of their second contract in a week for the NICE Platform system. Commenting on the new deal, NICE president and CEO Eran Gorev said, "We appreciate the confidence West has demonstrated by selecting NICE to replace its existing solution. The selection of NICE Perform as West's enterprise standard is further evidence that NICE is the premier choice for improving performance at the agent, contact center and enterprise level."

NICE is a security company that specializes in two markets: security and call centers. Its security solution empowers security personnel to detect, prevent, and respond to threats in real-time. It also allows them to investigate, and reconstruct criminal and security cases using video surveillance and control services, incident monitoring, and reconstruction solutions.

The company has been a star on the Israeli hi-tech scene, and with everyone looking at security as a must-have, their business has been booming. The company is due to report earnings on Wednesday. Analysts expect the company to post earnings per share of $0.37 on $130.9 million revenue. I would look for the company to beat estimates by between $0.01 and $0.02, as they have a history of beating estimates.

Disclosure: Writer holds a position in NICE. He has no other position in any stock mentioned as of 11/4/07.

Aaron Katsman is the lead Portfolio Manager and Managing Director of America Israel Investment Associates, LLC. and Senior Editor of IsraelNewsletter.com.