Advised Verint Systems Inc. on its acquisition of Iontas

Jones Day (New York) and Matheson Ormsby Prentice advised Verint Systems Inc. on its acquisition of the Irish company Iontas Limited, a provider of desktop analytics solutions.

Verint Systems Inc. is a global leader in Actionable Intelligence solutions and value-added services and has been working with Iontas for a number of years. Iontas solutions measure application usage and analyze workflows to help improve staff performance in contact centre, branch and back-office operations environments.

Verint acquired Iontas for approximately $14.8 million in cash (net of cash and net assets acquired) and potential additional earn-out payments tied to certain targets being achieved over a two-year period.

The team at Matheson Ormsby Prentice included partners Patrick Spicer, Alan Chiswick, Bryan Dunne and Joseph Duffy.