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, since the beginning of its fourth quarter, it has received more than $12 million in orders for its Nextiva� Retail video solution from a new Big Box retail customer and expects a significant majority of these orders to be recognized in the fourth quarter. Verint initially announced that it had received $3 million in orders from this new retailer during its December 11, 2006 third quarter conference call with security analysts. �Verint is committed to maintaining its market leadership by developing networked video solutions that address specific security challenges across a broad range of industries, such as retail, banking, critical infrastructure and transportation,� said Dan Bodner, President and CEO of Verint Systems. �We are pleased to have been selected by this new retail customer and believe our success was driven by the architectural advantages of our award-winning Nextiva portfolio and our significant experience in delivering valued-added solutions to the retail market.� Nextiva Retail is part of the Nextiva portfolio of networked video solutions. Nextiva�s robust platform and vertical market software applications are built on standards-based, open architecture, engineered for scalability, rapid deployment, and ease of use in IP network environments. Nextiva enables organizations to enhance the security of their facilities and infrastructure and the performance of their business operations by networking video across local and wide area IP networks and applying advanced content analytics to extract actionable intelligence from live and stored video. Bodner stated, �As the video market continues to evolve, enterprise and government customers seek IP-based solutions that can efficiently scale to meet their needs and easily integrate into their IT infrastructure. Nextiva�s powerful enterprise capabilities make it well suited to be the solution of choice for large, multi-site networked video deployments around the world.� 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. Visit us at our website www.verint.com. Note: This release contains �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 as a result of 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 on NASDAQ; the facts and circumstances underlying certain potential accounting errors, as well as certain other areas requiring additional investigation, recently announced by Comverse; the impact of governmental inquiries arising out of or related to option grants and the other accounting errors identified at Comverse; 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 Mercom and CM Insight and Verint�s other acquisitions, including implementation of adequate internal controls; 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; 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 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 owner.