ECI Telecom Sell Government Surveillance Business to Verint

ECtel Ltd., a company in which ECI Telecom holds 58%, agreed to sell its Government Surveillance business to Verint Systems for approximately $35 million in cash. Most of the employees of the transferred business are expected to join Verint at closing.


Mr. Doron Inbar, Director of ECtel and CEO of ECI Telecom, said "Following the transaction, ECtel will be able to refocus on its core telecom business."http://www.ecitele.com