# NICE Announces Agreement to Sell its Intelligence Division to Elbit Systems (SEC Form 6-K Exhibit 99.1) > *This is NICE Systems' own press release, filed verbatim with the U.S. Securities and Exchange Commission as Exhibit 99.1 to a Form 6-K on May 21, 2015. As a regulatory filing of the seller's primary disclosure, it is the authoritative primary-source record of the transaction terms ($157.9M total / $117.9M cash / up to $40M earn-out), of what the Intelligence division did (tools for "generating intelligence from communications" sold to "law enforcement agencies, intelligence organizations and signal intelligence agencies"), and of NICE's stated rationale for divesting to refocus on its core customer-experience and financial-crime businesses. It matters to the Arkansas surveillance investigation because it documents the corporate lineage and product scope of NICE — the evidence-cloud / public-safety vendor — and cleanly separates the surveillance-intelligence business it shed from the public-safety software business it kept.* ## Source metadata - **Publisher:** U.S. Securities and Exchange Commission (EDGAR); filer NICE Systems Ltd. (NASDAQ: NICE) - **URL:** https://www.sec.gov/Archives/edgar/data/0001003935/000117891315001750/exhibit_99-1.htm - **Archived:** 2026-06-07 via firecrawl_scrape (markdown) - **Tier:** 2 (primary/official — regulatory filing reproducing the company's own press release) ## Extract — verbatim (lightly cleaned) **EXHIBIT 99.1 — NICE Announces Agreement to Sell its Intelligence Division to Elbit Systems** "Ra'anana, Israel, May 21, 2015 – NICE Systems (NASDAQ: NICE) has entered into an agreement to sell its Intelligence division to Elbit Systems, for a total consideration of up to $157.9 million, subject to certain performance milestones and customary adjustments." "NICE's Intelligence division offers solutions which provide law enforcement agencies, intelligence organizations and signal intelligence agencies with tools for generating intelligence from communications." "This divestiture will allow NICE to place greater focus on the execution of its long-term strategic plan and to focus on its core markets and business model." "'We are proud of the many years of success this division has enjoyed,' said Barak Eilam, CEO of NICE. 'As we continue to execute our long-term strategic plan, we have arrived at a juncture where we believe it is in our best interest to divest Intelligence in order to focus on the company's more synergetic, core businesses.'" "Eilam continued, 'We are pleased to reach this agreement with a market leader such as Elbit Systems, which I am confident will ensure the continued success and growth of this important business, and serve as a good home for the division's customers and employees.'" "Subject to certain conditions and satisfaction of terms, the transaction is scheduled to close in early Q3, 2015." "Within the structure of the agreement, NICE will receive $117.9 million in cash at the time of the closing. An additional amount of up to $40 million will be paid as earn-out, based upon the future business performance of the acquired division's activities." "The previous annual guidance included the Intelligence division's full year contribution of $80 million in Non-GAAP revenue and $0.09 in Non-GAAP fully diluted earnings per share. ... Beginning in the second quarter 2015, the company will present its results from continued operations on a pro forma basis with Intelligence division as a discontinued operation." **About NICE Systems (verbatim):** "NICE Systems (NASDAQ: NICE) is the worldwide leading provider of software solutions that enable organizations to take the next best action in order to improve customer experience and business results, ensure compliance, fight financial crime, and safeguard people and assets. NICE's solutions empower organizations to capture, analyze, and apply, in real time, insights from both structured and unstructured Big Data. This data comes from multiple sources, including phone calls, mobile apps, emails, chat, social media, video, and transactions. NICE solutions are used by over 25,000 organizations in more than 150 countries, including over 80 of the Fortune 100 companies."