Nice S.p.A. (BIT:NICE) entered into an agreement to acquire 75% stake in Abode Systems, Inc. for $18.8 million on April 13, 2018. An agreement has also been reached as to the possible exercise of call and put options for the remaining 25% stake, to be exercised in future years, at the contractual conditions agreed. The transaction will be financed through own funds and credit facilities. Abode Systems recorded revenues of $7 million in 2017. The transaction is subject to satisfaction of certain contractual conditions, to be met by June 30, 2018. Kevin Kaden, Rich Morris and Howard Dennis from BDO Corporate Finance served as financial advisors to Nice on the deal. Jonas Marson, Tom DeFilipps, Stephanie Choo, Balaji Giridharan, Mike Francese, Brady McDaniel, Ansgar Simon, Jon Endean, Nigel Howard, Lily Hines, Lindsay Tonsager and Ted Karch Covington & Burling acted as legal advisors to Abode Systems. Nice S.p.A. (BIT:NICE) completed the acquisition of 75% stake in Abode Systems, Inc. on May 7, 2018.