Verint to Ring the NASDAQ Stock Market Opening Bell on February 5, 2013

  Verint to Ring the NASDAQ Stock Market Opening Bell on February 5, 2013

Business Wire

MELVILLE, N.Y. -- January 29, 2013

Verint^® Systems Inc. (NASDAQ: VRNT), a global leader in Actionable
Intelligence^® solutions and value-added services, today announced that it is
scheduled to ring the NASDAQ Stock Market opening bell at 9:30 am EST on
February 5, 2013 to celebrate its previously announced definitive agreement to
acquire Comverse Technology, Inc.

Verint’s stockholder meeting to approve the transaction is scheduled for
February 4, ^ 2013.

“We look forward to completing the acquisition of the Comverse holding company
and becoming a non-controlled and independent public company. Clarifying our
ownership structure is a significant positive for Verint as we continue to
focus on increasing shareholder value,” said Dan Bodner, CEO and President.

About Verint Systems Inc.

Verint^® (NASDAQ: VRNT) is the global leader in Actionable Intelligence^®
solutions and value-added services. Its extensive portfolio of Enterprise
Intelligence Solutions™ and Security Intelligence Solutions™ helps worldwide
organizations capture and analyze complex, underused information sources—such
as voice, video and unstructured text—to enable more timely, effective
decisions. More than 10,000 organizations in 150 countries, including over 85
percent of the Fortune 100, use Verint solutions to improve enterprise
performance and make the world a safer place. Headquartered in New York and a
member of the Russell 3000 Index, Verint has offices worldwide and an
extensive global partner network. Learn more at www.verint.com.

Cautions About Forward-Looking Statements

This press release contains forward-looking statements, including statements
regarding expectations, predictions, views, opportunities, plans, strategies,
beliefs, and statements of similar effect relating to Verint Systems Inc.
These forward-looking statements are not guarantees of future performance and
they are based on management's expectations that involve a number of risks and
uncertainties, any of which could cause actual results to differ materially
from those expressed in or implied by the forward-looking statements. Some of
the factors that could cause actual future results or conditions to differ
materially from current expectations include: risks associated with the
planned merger (the "Merger") with our controlling stockholder, CTI, pursuant
to the terms and conditions of the Agreement and Plan of Merger we executed on
August 12, 2012, including risks associated with our and CTI's ability to
satisfy the conditions and terms of the Merger, and to execute the Merger in
the estimated timeframe, or at all, and the issuance of shares of our common
stock in connection with the Merger; uncertainties regarding the expected
benefits of the Merger; risks arising as a result of unknown or unexpected CTI
obligations or liabilities assumed upon completion of the Merger, or as a
result of parties obligated to provide us with indemnification being unwilling
or unable to stand behind such obligations; risks associated with any
litigation against us or our directors or officers that we may face, or any
litigation against counterparties that we may inherit, in connection with the
Merger; risks associated with CTI's current ability to control our board of
directors and the outcome of matters submitted for stockholder action; and
risks associated with being a consolidated subsidiary of CTI and formerly part
of CTI's consolidated tax group. We assume no obligation to revise or update
any forward-looking statement, except as otherwise required by law. For a
detailed discussion of these risk factors, see our Annual Report on Form 10-K
for the fiscal year ended January31, 2012, our Quarterly Report on Form 10-Q
for the quarter ended October 31, 2012, and other filings we make with the
SEC.

VERINT, ACTIONABLE INTELLIGENCE, INTELLIGENCE IN ACTION, IMPACT 360, WITNESS,
VERINT VERIFIED, VOVICI, GMT, AUDIOLOG, ENTERPRISE INTELLIGENCE SOLUTIONS,
SECURITY INTELLIGENCE SOLUTIONS, VOICE OF THE CUSTOMER ANALYTICS, NEXTIVA,
EDGEVR, RELIANT, VANTAGE, STAR-GATE, ENGAGE, CYBERVISION, FOCALINFO, SUNTECH,
and VIGIA are trademarks or registered trademarks of Verint Systems Inc. or
its subsidiaries. Other trademarks mentioned are the property of their
respective owners.

Additional Information

This press release does not constitute an offer of any securities for sale. In
connection with the merger, Verint and CTI have filed with the Securities and
Exchange Commission a registration statement on Form S-4 (Registration No.
333-184628), which was declared effective on January 4, 2013, and a joint
proxy statement/prospectus, dated January 4, 2013, regarding the proposed
transaction. Investors and security holders are urged to read the joint proxy
statement/prospectus and any other relevant documents filed by Verint and/or
CTI with the Securities Exchange Commission because they contain important
information about Verint and CTI and the proposed transaction. Investors and
security holders may obtain free copies of the registration statement, joint
proxy statement/prospectus and other documents filed by Verint and CTI with
the Securities and Exchange Commission at www.sec.gov or www.verint.com or
www.cmvt.com. Investors and security holders are urged to read the
registration statement, joint proxy statement/prospectus and other relevant
material before making any voting or investment decisions with respect to the
Merger.

This press release is not a solicitation of a proxy from any security holder
of Verint or CTI and shall not constitute an offer to sell or a solicitation
of an offer to buy securities, nor shall there be any sale of securities in
any jurisdiction in which such solicitation or sale would be unlawful prior to
the registration or qualification under the securities laws of such
jurisdiction. No offer of securities shall be made except by means of a
prospectus meeting the requirements of Section10 of the Securities Act of
1933. However, Verint, CTI and certain of their respective directors and
executive officers may be deemed to be participants in the solicitation of
proxies from stockholders in connection with the proposed transaction under
the rulesof the Securities and Exchange Commission. Information about the
directors and executive officers of Verint may be found in its Annual Report
on Form10-K for the year ended January31, 2012 and in its definitive proxy
statement relating to its 2012 Annual Meeting of Stockholders filed with the
Securities and Exchange Commission on May14, 2012. Information about the
directors and executive officers of CTI may be found in its Annual Report on
Form10-K for the year ended January31, 2012 and in its definitive proxy
statement on Schedule 14A filed with the SEC on September 6, 2012 and the
preliminary information statement attached thereto.

Contact:

Investor Relations
Verint Systems Inc.
Alan Roden, 631-962-9304
alan.roden@verint.com