September 01, 2009

Actimize buys Fortent

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
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