RA'ANANA, Israel, August 19/PRNewswire-FirstCall/ -- NICE Systems, the leading global provider of advanced solutions that enable organizations to extract insight from interactions to drive performance, today announced that it won a mega security contract from a government agency. The government agency will be implementing NICE's NiceTrack technology, for advanced telecom interception. NICE has received an advanced payment for the first phase of the contract, which is expected to generate $55 million in revenues starting in 2010 over a period of two to three years.
The NiceTrack solution, which is part of the NICE Security Group offering, enables interception of all types of communications and generates comprehensive intelligence. NiceTrack offers a unified set of solutions for the collection and analysis of both telephony and Internet data for law enforcement, intelligence and internal security organizations. The solution provides a complete suite of operational tools and applications, which ensure that meaningful, mission-critical information is delivered on time to security decision makers and operational staff, enabling them to detect threats and achieve a fast and appropriate response.
"We are very excited about winning this large contract, which once again demonstrates the successful execution of our strategy," said Israel Livnat, President of NICE's Security Group. "This latest selection of our NiceTrack solution signifies how technologically advanced our solutions are. We are seeing law enforcement agencies, around the world, turning to NICE for our innovative and advanced solutions to help combat crime and terror threats."
"This mega contract is an important milestone in the evolution of our Security business, one that can lead NICE to another phase of growth," said Haim Shani, Chief Executive Officer, NICE Systems Ltd. "It also demonstrates that our strategy of leveraging the company's core competence in capturing, managing, and analyzing massive amounts of unstructured data to accelerate the success of both security and enterprise businesses, is generating significant results."