The New York-based analytics company Verint Systems has been alleged to be in talks with the Israeli mobile video surveillance industry player NSO Group regarding a possible merger. Reportedly, the deal is likely to be valued around USD 1 billion.
Sources cite that the transaction, if successfully completed, is set to create one of the world’s largest cyber companies.
If sources who spoke of the condition of anonymity are to be believed, NSO will remain an independent company but as a new division within Verint. They further claimed that the deal is likely to be signed soon in the coming days.
Both the companies have declined to give official statements on the allegations.
According to reports, the NSO Group was acquired by Francisco Partners in 2014 for USD 110 million. The firm develops mobile surveillance tools for the government security agencies and has reportedly developed ways to hack the operating system of iPhones.
For the record, Verint Systems is a world leader in providing Actionable Intelligence solutions. More than 10,000 organizations in over 180 countries make use of the Verint’s solutions to power their cyber intelligence operations and customer engagement. The company’s Intelligence-Powered Security solution portfolio has been termed to help government, enterprise organizations and critical infrastructure neutralize & prevent crime, terror, and cyber threats.
Industry experts speculate that with the rising number of thefts, cybercrimes and other criminal activities, the deal is likely to positively influence mobile video surveillance market growth. The surge in the adoption of such devices to ensure safety & prevention of crime further contributes toward the industry expansion.
Previous reports have stated that the Israeli player had come under scrutiny in 2017 when Citizen Lab – a Toronto-based internet regulatory group, revealed that NSO has developed the Pegasus spyware that has been used to target public health activists by the Mexican government.