News and Press Releases

Verint Closes $200 Million Investment by Funds Advised by Apax Partners

Verint® Systems Inc. (NASDAQ: VRNT) today announced it has closed the first tranche under the two tranche investment agreement with funds advised by Apax Partners signed in December in connection with Verint’s plan to separate into two independent public companies. The $200 million first tranche investment is in the form of convertible preferred stock with an initial conversion price of $53.50. Following the closing, Verint’s balance sheet includes more than $800 million of cash and short-term investments. Additional information can be found in the Form 8-K that will be filed today with the U.S. Securities and Exchange Commission.

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Verint Announces Deployment of Country-wide COVID-19 Management Solution

Governments Looking for Effective Quarantine Management to Keep Citizens Healthy, Ease Travel Restrictions and Reopen the Economy MELVILLE, N.Y., April 16, 2020 —Verint® Systems Inc. (Nasdaq: VRNT), announced today that its cyber intelligence solutions are being deployed to help organizations manage COVID-19 challenges. Faced with unprecedented challenges posed by COVID-19, government agencies are turning to data ...

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Verint Announces Plan to Separate into Two Independent Publicly Traded Companies

MELVILLE, N.Y.--(BUSINESS WIRE)--Verint® Systems Inc. (NASDAQ: VRNT), today announced that its Board of Directors has unanimously approved proceeding with a plan to separate Verint into two independent companies: one of which will consist of its customer engagement business, and one of which will consist of its cyber intelligence business. Verint expects to complete the separation shortly after the end of Verint’s next fiscal year ending January 31, 2021.

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Verint Announces Q3 FY2020 Results

MELVILLE, N.Y.--(BUSINESS WIRE)--Verint® Systems Inc. (NASDAQ: VRNT), a global Actionable Intelligence® leader, today announced results for the three and nine months ended October 31, 2019 (FY2020). Revenue for the three months ended October 31, 2019 was $325 million on a GAAP basis and $331 million on a non-GAAP basis. Diluted EPS for the three months ended October 31, 2019 was $0.17 on a GAAP basis and $0.94 on a non-GAAP basis. Revenue for the nine months ended October 31, 2019 was $964 million on a GAAP basis and $987 million on a non-GAAP basis. Diluted EPS for the nine months ended October 31, 2019 was $0.35 on a GAAP basis and $2.48 on a non-GAAP basis. “We are pleased with our third quarter performance and the successful execution of our strategic plan. In Customer Engagement, we experienced strong cloud momentum evidenced by strong cloud revenue growth and strong new SaaS bookings growth. In Cyber Intelligence, our transition to a software model is ahead of this year's plan with strong gross margin expansion. We believe our strong operational execution coupled with the strategic initiatives discussed below will position both businesses to continue to prosper and drive shareholder value long-term,” said Dan Bodner, CEO of Verint.

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Verint Earns Multiple Top Honors in ASTORs Homeland Security Awards

Verint VMS One and NowForce selected as platinum-level award winners for helping government agencies achieve stringent security levels MELVILLE, N.Y., December 2, 2019 — Verint® Systems Inc. (Nasdaq: VRNT) today announced it is the recipient of two Platinum-level ASTORs Awards from American Security Today. Both Verint VMS One and NowForce secured top honors in their ...

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The Cyberthreat Handbook: Thales and Verint Release Their “Who’s Who” of Cyberattackers

PARIS LA DÉFENSE–(BUSINESS WIRE)–Powered by the cutting-edge technologies and products of Thales and Verint, the two companies are pleased to present The Cyberthreat Handbook, a report of unprecedented scope designed to provide a classification and basis for further investigation of major groups of cyberattackers, including cybercriminals, cyberterrorists, hacktivist groups and state-sponsored hackers. As part of the strategic ...

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