May 28, 2018 / 9:01 AM / 24 days ago

Verint in talks to merge with Israel's NSO Group at $1 bln value -source

JERUSALEM, May 28 (Reuters) - U.S.-based software company Verint Systems is in talks to merge its security division with Israeli cyber surveillance firm NSO Group at a value for NSO of about $1 billion, a source close to the negotiations said on Monday.

NSO Group would remain an independent company as a division within Verint, said the source, who spoke on condition of anonymity.

NSO declined to comment while Verint was not available outside U.S. business hours. The talks were first reported by the Wall Street Journal.

NSO is one of the world’s better known suppliers of mobile surveillance tools to governments and law enforcement agencies. But they have been criticised by online privacy activists who have accused the company of creating spyware used to target rights groups and reporters around the world. (Reporting by Steven Scheer Editing by Jeffrey Heller)

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