Verint buys security information co Rontal

The Modi'in based security information management solutions company has been acquired for tens of millions of shekels.

Sources inform "Globes" that intelligence solutions company Verint Systems Inc. (Nasdaq:VRNT) has acquired physical security information management solutions company Rontal Applications Ltd. for tens of millions of shekels.

Rontal was co-founded in 2001 by CEO Roni Zehavi. The company has developed SimGuard, which can rapidly integrate and manage massive amounts of disparate data collected from the large number of safety and security systems and devices such as sensors and cameras.

The company's largest investor is the US Pegasus Fund, which has a 45% stake. Zehavi himself holds 10%, while another notable investor is IDF General (res.) Amiram Levin, who also holds a 10% stake.

Based in Modi'in, Rontal has 35 employees and had revenue of $6.5 million in 2010 and a small profit.

Rontal's rival Orsus was acquired by NICE-Systems Ltd. (Nasdaq: NICE; TASE:NICE) in November 2009 for $22 million.

Published by Globes, Israel business news - www.globes-online.com - on March 31, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

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