NICE Announces Strategic Relationship with Honeywell to Expand Solution Offering to Digital Video Security Market (email this article)

Ra’anana, Israel, December 01, 2005, NICE Systems (Company Profile, Past Stories, Case Studies) (NASDAQ: NICE), the global provider of advanced solutions that enable organizations to extract Insight from Interactions™ to drive performance, today announced a strategic supply relationship with Honeywell that is designed to capitalize on the growth opportunities NICE expects to result from its recent decision to acquire FAST Video Security AG, a Swiss-based developer of innovative video systems for security and surveillance purposes. The newly aligned relationship will provide a broader range of solutions for the smart-based video IP market.

Through this relationship both companies will be able to provide a full suite of smart IP-based digital video and content analytics solutions, derived from the combined portfolio of NICE and FAST solutions. The combined NICE and FAST portfolio will provide an extended offering of video products and solutions covering the entire digital video spectrum of video transmission/networking, recording, management, real-time detection, and post recording analysis.

“Honeywell has maintained a solid relationship with FAST for a number of years,” said John Lorenty, President, Honeywell Systems Group. "We are delighted by this opportunity to offer an expanded suite of solutions through our work with NICE."

“We are extremely pleased to be partnering with Honeywell and NICE intends to fully continue the Fast Video Security commitments to Honeywell and further expand the cooperation” said Doron Eidelman, President of NICE’s digital video security division. “The synergistic leadership of our two companies will set new standards in breadth and depth of digital video solutions in the highly demanding video security marketplace.”

NICE’s acquisition of FAST is subject to the satisfaction of customary closing conditions and is anticipated to close in early 2006.

About NICE
NICE Systems (NASDAQ: NICE) is the leading provider of Insight from Interactions, based on advanced content analytics - of telephony, web, radio and video communications. NICE's solutions improve business and operational performance, as well as security. NICE has over 23,000 customers in 100 countries, including the world's top 10 banks and over 75% of the Fortune 100 companies. More information is available at www.nice.com. Trademark Note: 3600 View, Agent@home, Big Picture Technology®, Executive Connect®, Executive Insight*, Experience Your Customer®, Investigator, Last Message Replay, Lasting Loyalty, Listen Learn Lead®, MEGACORDER, Mirra®, My Universe, NICE®, NiceAdvantage®, NICE Analyzer, NiceCall®, NiceCLS, NiceCMS, NICE Feedback, NiceFix, NiceGuard, NICE Learning, NICE Link, NiceLog®, NICE Perform, ScreenSense, NiceScreen, NiceSoft, NICE Storage Center, NiceTrack, NiceUniverse®, NiceUniverse LIVE, NiceVision®, NiceVision ALTO, NiceVision Harmony®, NiceVision Mobile®, NiceVision Pro®, NiceVision Virtual®, NiceWatch, Renaissance®, Scenario Replay, Secure Your Vision, Tienna®, TrunkNet®, Universe®, Wordnet® and other product names and services mentioned herein are trademarks and registered trademarks of NICE Systems Ltd. All other registered and unregistered trademarks are the property of their respective owners.