A year after the acquisition of enterprise transactions software company, Actimize, NICE Systems CEO Haim Shani feels his company has what it takes to weather the crisis in the global financial industry.
The dramatic day the other week when investment bank Lehman Brothers declared bankruptcy, and Bank of America surprisingly decided to buy Merrill Lynch, caught
NICE Systems (Nasdaq:
NICE; TASE:
NICE) CEO Haim Shani at a Bank of America conference in New York. The conference, which was arranged a long time in advance, like all Shani's meetings in the US that week, gave him a rare opportunity to watch history being made on Wall Street, on the day when two of the five largest investment banks in the world's greatest financial center ceased to be independent.
"Even on such a dramatic day, not a single one of our meetings was cancelled," Shani recalls a week later, in a special interview with "Globes" marking a year since NICE bought Actimize. "You expect that, on a day like that, investors will only have eyes for their screens, but that day I had 10-12 meetings, and all took place as planned." Beyond that, Shani avoids providing any more details about the mood that prevailed during those days on Wall Street, and at Bank of America in particular. Bank of America is NICE's main banker, and has been the lead underwriter for its offerings and advised it in acquisition deals.
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