# Elbit Systems to buy NICE Cyber Division for $158m (Globes) > *Established-journalism coverage from Globes, Israel's principal business newspaper, reporting the May 21, 2015 deal under which Elbit Systems' newly created subsidiary Cyberbit would absorb NICE's Cyber and Intelligence division and its employees. It corroborates the transaction terms from the seller's SEC filing, adds the buyer-side detail that the unit became part of Cyberbit (general manager Adi Dar), characterizes the division's 2014 revenue ("high tens of millions of dollars"), and quotes Elbit CEO Bezhalel Machlis. It matters to the Arkansas surveillance investigation because it documents — through an independent outlet — that the communications-intelligence/lawful-intercept arm was carved off into a defense-sector cyber company (Cyberbit/Elbit), distinct from the public-safety software vendor NICE remained.* ## Source metadata - **Publisher:** Globes (en.globes.co.il), English edition of the Israeli business daily - **URL:** https://en.globes.co.il/en/article-elbit-systems-to-buy-nice-cyber-division-for-158m-1001038442 - **Archived:** 2026-06-07 via firecrawl_scrape (markdown) - **Tier:** 3 (established journalism) - **Date published:** 21 May 2015 ## Extract — verbatim (lightly cleaned) Headline: "Elbit Systems to buy NICE Cyber Division for $158m" Sub-deck: "NICE System's Cyber and Intelligence Division employees will join Elbit System's unit Cyberbit." "Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) announced today that it has signed an agreement to acquire NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) Cyber and Intelligence division for up to $157.9 million, subject to certain customary adjustments. $117.9 million will be paid in cash on completion of the deal, planned for the third quarter of 2015. Up to $40 million will subsequently be paid based on future business performance." "NICE's Cyber and Intelligence division offers solutions which provide law enforcement agencies and intelligence organizations with tools for creating communication intelligence. The division's yearly revenue in 2014 was in the high tens of millions of dollars." "The Cyber and Intelligence division will be acquired by Elbit Systems' subsidiary Cyberbit, which was recently established to consolidate Elbit Systems' activities in the Cyber Intelligence and Cyber Security markets. Cyberbit will focus on both the emerging government and commercial cyber markets, leveraging Elbit Systems extensive and proven cyber experience and technologies." "Elbit Systems EVP Adi Dar has been appointed Cyberbit's general manager. Nice Cyber and Intelligence division's employees will become employees of Cyberbit." Elbit Systems president and CEO Bezhalel Machlis: "The acquisition of NICE's division is a significant milestone in our strategy to bring Elbit Systems cyber capabilities to the level of global leaders. NICE is a well-known world leader in the cyber intelligence industry, and its business activities and capabilities are complementary to ours. The acquisition will enable us to provide our customers with end-to-end, market leading cyber solutions." "_Published by Globes [online], Israel business news - www.globes-online.com - on May 21, 2015_"