Nice Systems is nice right here

Posted Dec 19th 2007 4:03PM by Zack Miller
Filed under: Deals, Israel

Israeli software and services firm, Nice Systems (NASDAQ: NICE) is reported to have won a deal to supply a large European bank with an analytical software suite. Nice is a worldwide leader in multimedia recording solutions, applications and related professional services for business interaction management. In short, Nice is a modern systems integrator with a focus on security.

In a positive research note published earlier last week by CIBC, Nice was cited to have two growth drivers that recently led to a similar large deal with an Asian bank.

Banks, and other large, complex organizations, are migrating to a VoIP infrastructure. Nice has a nice VoIP solution to address many of these international firms' needs.
Nice has been quickly selling solutions for agent performance and customer relations. Nice has been successful in using beach-head marketing: getting one deal and extending and deepening customer relationships through add-on sales. Agent performance/CRM solutions have lead to new deals in risk management and corporate regulation and governance. CIBC expects these trends to continue.

Nice has some deals leading into the Chinese Olympics of 2008. The stock has had a rocky year but continues to execute on the deal side with a suite of solutions in the sweet spot of global business right now. Plagued by concerns over spending in the financial sector, this may prove to be a Nice diamond in the rough.

Zack Miller is the managing editor of IsraelNewsletter.com and a former equity analyst for a leading multinational hedge fund. Author's fund is long NICE stock as of 12/19/2007

Tags: crm, israel, multimedia, nice, nice systems, NiceSystems, security