Nice Systems may buy Actimize for $280 mln -paper

JERUSALEM, June 24 (Reuters) - Digital recording systems maker Nice Systems Ltd. NICE.ONICE.TA is in advanced talks to buy Israeli start up Actimize Ltd. for $280 million, the Yedioth Ahronoth daily reported on Sunday.

Actimize, which produces software for the financial sector, is preparing for an initial public offering on Nasdaq, but the IPO would be cancelled if the deal goes through, the newspaper said.

Nice and Actimize spokesmen declined to comment.

Actimize was established in 1999 and is owned by several Israeli venture capital funds, which have so far invested some $24 million in the company.

Its software helps financial services companies detect fraud and prevent crime.

Its clients include Israel’s five largest banks, as well as international giants such as HSBC, Lehman Brothers, Merrill Lynch, and Bank of America.