inContact, Inc.(SAAS)- NASDAQ
  • Wed, May 18, 8:01 AM
    • Israeli software provider Nice Systems (NASDAQ:NICE) agrees to acquire U.S.-based inContact (NASDAQ:SAAS), a maker of cloud software for call centers, for ~$940M.
    • Nice will pay $14/share in cash, a 55% premium to yesterday's closing price, and plans to finance the deal with cash on hand plus debt of up to $475M.
    • Analysts say the acquisition will help Nice, which currently focuses on very large financial companies, to expand into the mid-market and expand its product range.
    • SAAS +53.7% premarket, NICE +2.3%.
    | Wed, May 18, 8:01 AM | 1 Comment
Company Description
inContact, Inc. is a provider of contact center solutions that help companies around the world achieve their customer experience goals. The company operates through two segments: Software and Network Connectivity. The Software segment includes all services related to the delivery of its cloud... More
Sector: Technology
Industry: Application Software
Country: United States