NICE buys Redkite 23 October 2012Israel Reporter: Georgina Lavers
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NICE will acquire Redkite Financial Markets in an effort to enhance its front office trading practices.
The solutions provider expects its trading compliance platform and regulatory coverage modules to benefit from the Redkite acquisition, with the addition of Redkite’s innovative, front-office based approach to real-time trade surveillance to the Actimize trading compliance solutions suite.
Redkite, with origins in investment banking, has a customer base comprised of global investment banks, broker dealers and futures clearing merchants in a range of tier one and tier two market segments.
Zeevi Bregman, President and CEO of NICE Systems said, “As the market leader in the financial risk management and compliance space, our customers are looking to NICE for solutions that enable them to effectively address the growing importance of compliance and the anticipated wave of regulations.
"The acquisition of Redkite is an important and strategic addition to our trade surveillance and compliance business.” Redkite co-founder Justin Amos added that the alliance was useful in light of NICE Actimize’s strength in financial crime solutions.
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