FB pixel

Verint reportedly negotiating billion-dollar merger with NSO Group

Categories Biometrics News  |  Trade Notes

Verint is in talks to create one of the world’s largest cybersecurity companies with a merger worth approximately a billion dollars between its security division and Israeli surveillance firm NSO Group, CNBC reports.

An anonymous source told Reuters that NSO Group would continue to operate independently as a new division within Verint, and that the deal was expected to be completed within days.

NSO supplies governments and law enforcement agencies with mobile surveillance tools, and was in the news in 2017 after the Mexican government reportedly used its Pegasus mobile spyware against international investigators.

Francisco Partners holds a majority stake in NSO, after paying $120 million in 2014, and would become Verint’s largest stakeholder if the deal goes through. Verint stock was trading above $42 per share on Thursday, putting the company value at roughly $2.7 billion.

It was reported last year in Israeli media that U.S. private equity firm Blackstone was considering purchasing part of NSO, but no agreement was reached.

Verint recently released its new FaceDetect software to enable automated facial recognition capabilities on existing video security systems.

Article Topics

 |   |   | 

Latest Biometrics News


Kenya contracts Idemia for faster biometric police clearance certificates

The Kenya Police Service says it is working to put in place a new biometric system that will accelerate the…


Nepal MPs say popularize national ID before mandating for service access

Some lawmakers in Nepal are unhappy that the government is in a rush to make the national digital ID card…


DHS awards SVIP contract to Procivis for decentralized identity software

Procivis AG, a subsidiary of Swiss institution Orell Füssli, has been awarded a tender through the U.S. Department of Homeland…


IDnow rides online betting wave from UEFA Euro Championship

IDnow is capitalizing on UEFA European Football Championship fever, registering over eight times more identity verification requests on sports betting…


Android 15 integrates biometric security across the board

In the latest Android 15 Beta 3 release, significant progress has been made in the area of biometric authentication. In…


Vote begins on biometric injection attack standard

Europe’s standard for biometric data injection attacks is on track to be published in October of this year, and could…


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events