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Israel in-Focus: Nice Buys Lamda Communications

May 26, 2010 (FinancialWire) — Nice Systems Ltd. (NASDAQ: NICE) said that it has acquired Lamda Communication Networks Ltd., a provider of satellite communications interception technology.

Israel-based Lamda's technology is meant to address the demand for satellite communication interception capabilities used by law enforcement, internal security, and intelligence agencies.

Nice said it does not anticipate material impact on its financial results, as a result of the acquisition, in 2010.

The company said that the addition of Lamda's satellite communication interception technology will enhance Nice’s existing capabilities and complement its current offering of applications such as monitoring, traffic analysis and voice analytics.

Israel-based Nice Systems is a provider of data solutions and services via the analysis of unstructured multimedia content from telephony, web, radio and video communications.

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