Actimize buys Fortent

Share this article:
Actimize, provider of anti-fraud solutions for financial firms, announced Monday that it has acquired its biggest competitor, Fortent, for $73.5 million. The deal will enable New York-based Actimize to offer customers an "integrated platform" for money laundering prevention, brokerage compliance and case and investigation management, according to a news release. The company, a subsidiary of NICE Systems, is expected to generate $100 million in business in 2010. Fortent, also based in New York, was founded in 1993 and is best known for creating statistically based anti-money laundering technology. — DK
Share this article:
You must be a registered member of SC Magazine to post a comment.

Sign up to our newsletters

More in News

More exploits, including Silverlight attack, packed in Nuclear kit

More exploits, including Silverlight attack, packed in Nuclear ...

Since the year's start, the number of exploits used by the kit has doubled, Trend Micro found.

Researchers discover Tinba variant with 64-bit support, other tricks

Researchers discover Tinba variant with 64-bit support, other ...

Seculert researchers discovered a variant of the Tinba banker trojan that can infect more systems and better skirt detection.

Policy violation letters trick SMB workers into downloading malware

Bitdefender researchers detected an uptick in computers infected by Zbot via dozens of ARJ-compressed files.