The Tel Aviv Stock Exchange hit new records on the first trading day of the week. The TA-35 Index jumped 1.8%, crossing 4,500 points for the first time. The TA-125 rose 1.6%, the insurance index climbed 3.9% and the banks index gained 2.2%.
Nice shares ended trading up a sharp 21% after the company received five offers to buy its Actimize subsidiary for at least $2.5 billion. The jump came after the stock had already risen nearly 11% on the Nasdaq on Friday.
Actimize operates in financial fraud prevention. It develops financial risk management solutions, including anti-money laundering, fraud detection and regulatory compliance tools. Nice acquired it in 2007 for $280 million, and two years later it became a division of the parent company and was renamed Nice Actimize.
In November 2025, Nice began seeking a buyer for Actimize at a valuation of $1.5 billion to $2 billion, hiring two of the world’s largest investment banks, Goldman Sachs and JPMorgan, to find a buyer.
The desire to sell comes as Nice shares have suffered from negative sentiment recently, amid investor concern that artificial intelligence could hurt the company, as well as a desire to build up cash that could allow it to make additional acquisitions and move deeper into AI.
Nice has now completed the first stage of the Actimize sale and received five acquisition offers. Although the bidders offered $2.5 billion in the nonbinding stage, the amounts will not necessarily remain the same in the next, binding stages, when any submitted offer — if accepted — cannot be lower than the original. Three funds and two strategic players advanced to the second stage: Advent, Veritas, New Mountain and Stone Point, as well as SymphonyAI.
On Friday, Nice jumped about 11% on Wall Street after strong reports from another software company helped lift the entire sector. It is trading at a valuation of $7.7 billion. Nice’s 2025 revenue stood at 2.9 billion shekels, with Actimize accounting for 17% of revenue but contributing 29% of profit.
Still, the company is trading at half its peak value and has recently suffered weakness in its stock amid concerns over AI’s impact on software companies and a low profitability forecast, with an operating margin of 5% for the current year. Annual net profit jumped about 35% from 2024 to $612 million, on revenue of $2.9 billion, an 8% increase.
First published: 18:31, 05.04.26