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Verint Negotiating for Acquisition of NSO Group a Spyware Manufacturer

 

Verint Systems Inc. a U.S software firm is undergoing negotiations with NSO Group about buying over the Israel situated manufacturer of online spying software. The Wall Street Journal reports that Verint has proposed paying $1bn or so for the NSO acquisition the group that trades technology for military equipments, notably Pegasus spyware all chiefly intended for security agencies of governments.

 

The outcome of the acquisition in case fulfilled would be an extremely big cyber company globally. Verint offered to let NSO maintain its independent status while being one fresh unit under Verint, according to a source whose identity was not revealed. The source further stated that the deal was expected to get its endorsement during the forthcoming days.

 

NSO Group, based in Herzliya, assists governments with its mobile phone spying products. The group was in the news following its development of the enormously refined Pegasus surveillance software which exploited zero-day flaws within the operating system (OS) of Apple's mobile devices. The OS was utilized for hacking the iPhone belonging to certain Arab activist residing inside the UAE just as one Mexican journalist too was targeted, reported Citizen Lab.

 

The Wall Street Journal reports that Verint is ready for paying Francisco Partners its shares that'll make Francisco Partners based in San Francisco the biggest shareholder of Verint should the acquisition take place. NSO Group provides spying software for cell-phones to help agencies of law enforcement and governments although online privacy and human rights activists have criticized the Group in connection with its spyware creation. Nocamels.com posted this online, May 28, 2018.

 

The website of Verint tells the company has over 10,000 organizations as its clients within 180 countries. The company manufactures cyber intelligence software that apparently assist organizations to kill crime, terror as well as cyber attacks and thus prevent them. Verint earned $1.1bn in revenue over a period of 12 months ending 31st January.

 

The NSO Group insisted its products were intended solely to investigate and deter terrorism and criminal operations. According to Citizen Lab reporting, the government surveillance solution of NSO likely was misused for fulfilling specific commercial interests.

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