Battery Ventures Acquires NICE’s PSBU

August 3, 2015 | NICE Systems signed an agreement to sell its Physical Security Business Unit (PSBU) to the technology investment firm Battery Ventures. According to the terms of the deal, PSBU will be made into a stand-alone unit continuing with its video management and analytics product. The current general manager of the unit, Moti Shabtai, will become the group president of PSBU and Battery Ventures expert-in-residence Adam Markin will serve as the chairman of the company. The newly created company will be headquartered in New Jersey with offices in London, Singapore and an R&D center in Israel.