LONDON, UK / ACCESSWIRE / April 30, 2018 / Active-Investors.com has just released a free research report on Mattersight Corp. (NASDAQ: MATR). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MATR as the Company's latest news hit the wire. On April 26, 2018, the Company, which is a leading provider of cloud-based analytics for customer service organizations, announced on April 26, 2018, that it has inked an agreement to be acquired by Israel-based NICE Ltd (NASDAQ:NICE). Register today and get access to over 1000 Free Research Reports by joining our site below:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Mattersight and NICE most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
The acquisition will further enhance NICE's offering and customer base. The integration of NICE analytics powered by Nexidia and Mattersight's behavioral analytics technology and domain expertise will allow organizations to enjoy the market's most advanced analytics in the cloud, driving personalization and smart connections in real time.
Terms of the Agreement
- NICE will make a tender offer to purchase all of the outstanding shares of Mattersight's common and preferred stock; pursuant to which holders of Mattersight's common stock will receive $2.70 per common share (representing a 26% premium to the per share closing price) in cash, and holders of Mattersight's outstanding preferred stock will receive $7.80 per share in cash, plus accrued and unpaid dividends as of immediately prior to the closing.
- The acquisition, expected to close in the second half of 2018, is subject to customary closing conditions and regulatory approvals.
- NICE will fund the transaction with cash on hand. The acquisition is expected to be non-dilutive to non-GAAP earnings in 2018.
Acquisition Enables Mattersight to Bring its Personality-Based Applications to Global Market
Commenting on the acquisition, Kelly Conway, Chief Executive Officer (CEO) of Mattersight, stated that this transaction creates a great opportunity for Mattersight's customers and employees, as NICE brings complementary products, a substantial distribution engine, and a strong brand that allow it to accelerate its go-to-market strategy. Conway added that Mattersight is happy to work with NICE to bring its personality-based applications to the global market and continue innovating with current and future customers.
Acquisition Reaffirms NICE's Commitment to Delivering Analytics in the Cloud
Barak Eilam, Chief Executive Officer (CEO) of NICE, stated that the Company is very impressed with Mattersight's innovative technology and domain expertise, as well as by their long-standing strategic relationships with some of the largest customer service organizations. Eilam added that this acquisition reaffirms NICE's commitment to delivering analytics in the cloud and to be at the forefront of the analytics market.
Crèdit Andorrà Selected NICE Actimize to Strengthen its Global Anti-Money Laundering Solutions Strategy
On April 23, 2018, Crèdit Andorrà Financial Group selected NICE Actimize, which is a NICE business and the leader in Autonomous Financial Crime Management, to strengthen its anti-money laundering solutions strategy. Crèdit Andorrà Financial Group, the benchmark bank in Andorra, would integrate a suite of NICE Actimize anti-money laundering solutions into its financial crime operations in order to more effectively address the world's anti-money laundering regulations. Crèdit Andorrà's holdings include financial institutions in Luxembourg, Panama, and Spain, as well as a United States-based broker-dealer.
About Mattersight Corp.
Headquartered in Chicago, Illinois, Mattersight is the leader in behavioral analytics for customer-employee interactions, delivering Mattersight® Behavioral Analytics as a managed service. The Company provides predictive behavioral routing and workstyle, performance management, quality assurance, predictive analytics, and marketing managed services.
About NICE Ltd
Founded in 1986 and headquartered in Israel, NICE is the worldwide leading provider of both cloud and on-premises enterprise software solutions that empower organizations to make smarter decisions based on advanced analytics of structured and unstructured data.
Stock Performance Snapshot
April 27, 2018 - At Friday's closing bell, Mattersight's stock ended the trading session flat at $2.65.
Volume traded for the day: 708.76 thousand shares, which was above the 3-month average volume of 176.31 thousand shares.
Stock performance in the last month – up 23.26%; and year-to-date - up 3.92%
After last Friday's close, Mattersight's market cap was at $71.39 million.
The stock is part of the Technology sector, categorized under the Application Software industry. This sector was flat at the end of the session.
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