By Simon Clark
U.S. software company Verint Systems Inc. is in talks to buy NSO Group, an Israeli maker of cyber surveillance products, for about $1 billion, according to a person familiar with the situation.
NSO is known for selling military-grade technology including Pegasus spyware mainly to government security agencies. Verint /zigman2/quotes/209184374/composite VRNT -0.95% has offered to pay NSO’s controlling shareholder, San Francisco-based private-equity firm Francisco Partners, with its own stock and assumed debt, the person said. Francisco Partners would become the largest shareholder in Melville, New York-based Verint if the deal is completed, the person said. Verint trades on the Nasdaq stock exchange with a market value of about $2.8 billion.
Spokeswomen for Verint and Francisco Partners declined to comment. NSO founders and shareholders Shalev Hulio and Omri Lavie declined to comment.
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