Surrey-based trading surveillance company announces exit

Redkite Financial Markets acquired by NICE Systems

John Edge and Justin Amos, co-founders of Redkite Financial Markets, have sold their trading surveillance firm to NICE Systems, the US-Israeli company that last year acquired customer experience management company Fizzback for $80m. The latest deal has provided an exit for the company’s venture capital backers DFJ Esprit, which invested $1.14m last year. Launched in 2008, Redkite uses cloud-based technology to analyse trading conditions in real-time and detect suspicious transactions and trading behaviours. Used by over 25,000 organisations in more than 150 countries NICE Systems collects and analyses data from a range of sources, including phone calls, mobile apps, emails, chat, social media, and video, which can be used by clients for a wide variety of purposes, such as improving customer experience. The Redkite software will be used by NICE to enhance its specific financial crime monitoring service, NICE Actimize. The acquisition will also enable Redkite to grow its customer base and expansion plans began with the Redkite team’s introduction to New York customers at the NICE Actimize annual Global Client Forum. Justin Amos, co-founder and COO of Redkite, said: “We look forward to the future with NICE Systems, a company that delivers a breadth and strength in financial crime solutions which is second to none.”

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