VRNT Verint Systems Inc

Verint Systems Inc. (NASDAQ: VRNT), a leading provider of analytic software-based solutions for security and business intelligence, today announced that global growth consulting firm, Frost & Sullivan, has named Verint the recipient of its 2006 Market Penetration Leadership Award for Quality Monitoring. Frost & Sullivan recognized Verint's root cause analytics solutions as a cornerstone of its success in this market. The Frost & Sullivan Award for Market Penetration Leadership is presented each year to the company that has demonstrated strategic excellence in product innovation, marketing, and sales strategies. Said lead Frost and Sullivan analyst Seema Lall, "The past couple of years have been outstanding years for Verint during which they continually demonstrated leadership in product innovation, customer acquisition and market expansion." Lall continued, "Verint has been a pioneer in the analytics space and its root cause analytics solutions and approach are delivering strong value to their enterprise customer base." Verint's ULTRA(TM) suite goes beyond traditional performance management and workforce optimization tools, enabling businesses to understand not only what is happening in their operations, but to also identify the underlying causes. ULTRA provides actionable intelligence on such critical issues as why agents are underperforming, why customers are dissatisfied or why enterprise processes are ineffective. Armed with this intelligence, ULTRA enables managers to take action to improve workforce performance, enhance the effectiveness of up-sell and cross sell initiatives and reduce customer defection and churn. "We are pleased that our ULTRA solution has been recognized for the innovation and business value that it delivers to our global customers," said Dan Bodner, President and CEO of Verint Systems. "ULTRA delivers actionable intelligence that enables decision makers to focus on enhancing the performance and processes that will have the greatest impact on their business." For more information about Frost & Sullivan Best Practices Awards please visit www.awards.frost.com or www.enterprise.frost.com About Verint Systems Inc. Verint Systems Inc., headquartered in Melville, New York, is a leading provider of analytic software-based solutions for security and business intelligence. Verint software, which is used by over 1,000 organizations in over 50 countries worldwide, generates actionable intelligence through the collection, retention and analysis of voice, fax, video, email, Internet and data transmissions from multiple communications networks. Verint is a subsidiary of Comverse Technology, Inc. (NASDAQ: CMVT). Visit us at our website www.verint.com. Note: Certain statements concerning Verint's future revenues, earnings per share, results or prospects are "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. There can be no assurances that forward-looking statements will be achieved, and actual results could differ materially from forecasts and estimates. Important risks, uncertainties and other important factors that could cause actual results to differ materially include, among others: potential impact on Verint's financial results related to Comverse's creation of a special committee of the Board of Directors of Comverse to review matters relating to grants of Comverse stock options, including but not limited to, the accuracy of the stated dates of Comverse option grants and whether Comverse followed all of its proper corporate procedures and the results of the Comverse special committee's review; the effect of Verint's failure to timely file all required reports under the Securities Exchange Act of 1934, and the resultant potential delisting of Verint's common stock from NASDAQ; introducing quality products on a timely basis that satisfy customer requirements and achieve market acceptance; lengthy and variable sales cycles create difficulty in forecasting the timing of revenue; integrating the business and personnel of CM Insight; risks associated with significant foreign operations, including fluctuations in foreign currency exchange rates; aggressive competition in all of Verint's markets, which creates pricing pressure; integrating the business and personnel of MultiVision, including implementation of adequate internal controls; managing our expansion in the Asia Pacific region; risks that Verint's intellectual property rights may not be adequate to protect its business or that others may claim that Verint infringes upon their intellectual property rights; risks associated with integrating the business and employees of Opus and RP Sicherheissysteme GMBH; risks associated with Verint's ability to retain existing personnel and recruit and retain qualified personnel in all geographies in which Verint operates; decline in information technology spending; changes in the demand for Verint's products; challenges in increasing gross margins; risks associated with changes in the competitive or regulatory environment in which Verint operates; dependence on government contracts; expected increase in Verint's effective tax rate; perception that Verint improperly handles sensitive or confidential information; inability to maintain relationships with value added resellers and systems integrators; difficulty of improving Verint's infrastructure in order to be able to continue to grow; risks associated with Comverse Technology, Inc. controlling Verint's business and affairs; and other risks described in filings with the Securities and Exchange Commission. All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov or from Verint's website at www.verint.com. Verint makes no commitment to revise or update any forward-looking statements except as otherwise required by law. Verint, the Verint word mark, Actionable Intelligence, Powering Actionable Intelligence, STAR-GATE, RELIANT, NEXTIVA, LORONIX, SmartSight, Lanex and ULTRA are trademarks of Verint Systems Inc. Other names may be trademarks of their respective owners.