Submitted by: Submitted by barnea
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Pages: 14
Category: Business and Industry
Date Submitted: 06/19/2012 09:21 AM
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Faculty of Management
The Leon Recanati Graduate School of Business Administration
High Technology Acquisitions
Spring Semester 2009
Dr. Nir Breuller
Final Project:
To Acquire
Submitted By:
|303645899 |Adrian Lofer |
|031860398 |Ophir Levy |
|027276237 |Ran Raz |
Executive Summary
Table of Contents
Executive Summary 1
Strategic Rational 3
Companies Overview 3
NICE Systems 3
Acme Packet 4
NICE Systems Strategy 5
Strategic Roadmap 5
Technology trends and challenges 5
The Strategy behind the Acquisition 8
Value Creation 8
Synergy Analysis 9
Financial Evaluation 10
Acme Packet Financials 10
Acme Packet Stand Alone Valuation 11
Discounted Cash Flow 11
Comparables 12
Synergy Valuation 12
Discounted Cash Flow 13
Competition 14
Integration Approach 15
ACME Packet Organization Structure 15
Integration Model 15
Integration Plan and Time Tables 15
Key Success Factors 15
Appendixes 16
Appendix 1 – VoIP Market Analysis 16
Appendix 2 – NICE Systems Arena 17
Appendix 3 – ACME Packet Stand Alone Valuation 18
Appendix 4 – ACME – NICE Synergy Valuation 19
Appendix 5 – NICE Systems Financial Analysis 20
Appendix 6 – NICE Systems M&A History 21
Bibliography 22
Strategic Rational
Companies Overview
NICE Systems
NICE Systems (NASDAQ: NICE) is the leading provider of Insight from Interactions solutions and value-added services, powered by the convergence of advanced analytics of unstructured multimedia content and transactional data –...