Verint Systems Inc. Announces Offering of Common Stock by Selling Stockholder
January 06 2011 - 7:30AM
Business Wire
Verint® Systems Inc. (NASDAQ: VRNT) (the “Company”), a
global leader in Actionable Intelligence® solutions and value-added
services, announced today that Comverse Technology, Inc.
(“Comverse”), the Company’s majority stockholder, commenced an
offering of 2,000,000 shares of the Company’s common stock held by
Comverse. In connection with the proposed offering, Comverse will
grant to the underwriters an over-allotment option to purchase up
to 300,000 additional shares. The Company will not receive any of
the proceeds from the offering.
Credit Suisse Securities (USA) LLC (“Credit Suisse”) is sole
bookrunner for the offering, with Barclays Capital Inc. and Morgan
Stanley & Co. Incorporated as joint lead managers and RBC
Capital Markets, LLC and Oppenheimer & Co. Inc. as
co-managers.
The preliminary prospectus for the offering has been filed with
the Securities and Exchange Commission (“SEC”) and is available on
the SEC’s website, www.sec.gov. Alternatively, copies of the
prospectus can be obtained from Credit Suisse at One Madison
Avenue, New York, NY 10010, Attention: Prospectus Department, or by
calling Credit Suisse at 1 (800) 221-1037.
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior
to the time the registration statement becomes effective. This
press release shall not constitute an offer to sell or a
solicitation of an offer to buy nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
About Verint Systems Inc.
Verint® Systems Inc. is a global leader in Actionable
Intelligence® solutions and value-added services. Our solutions
enable organizations of all sizes to make timely and effective
decisions to improve enterprise performance and make the world a
safer place. More than 10,000 organizations in over 150 countries –
including over 80% of the Fortune 100 – use Verint Actionable
Intelligence solutions to capture, distill, and analyze complex and
underused information sources, such as voice, video, and
unstructured text. Headquartered in Melville, New York, we support
our customers around the globe directly and with an extensive
network of selling and support partners. Visit us at our website
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 which could cause actual results
to differ materially from those expressed in or implied by the
forward-looking statements. Important risks, uncertainties, and
other factors could cause actual results to differ materially from
our forward-looking statements. The forward-looking statements
contained in this press release are made as of the date of this
press release and, except as required by law, Verint assumes no
obligation to update or revise them or to provide reasons why
actual results may differ.
VERINT, the VERINT logo, ACTIONABLE INTELLIGENCE, POWERING
ACTIONABLE INTELLIGENCE, INTELLIGENCE IN ACTION, ACTIONABLE
INTELLIGENCE FOR A SMARTER WORKFORCE, VERINT VERIFIED, WITNESS
ACTIONABLE SOLUTIONS, STAR-GATE, RELIANT, VANTAGE, X-TRACT,
NEXTIVA, EDGEVR, ULTRA, AUDIOLOG, WITNESS, the WITNESS logo, IMPACT
360, the IMPACT 360 logo, IMPROVE EVERYTHING, EQUALITY,
CONTACTSTORE, EYRETEL, BLUE PUMPKIN SOFTWARE, BLUE PUMPKIN, the
BLUE PUMPKIN logo, EXAMETRIC and the EXAMETRIC logo, CLICK2STAFF,
STAFFSMART, AMAE SOFTWARE and the AMAE logo are trademarks and
registered trademarks of Verint Systems Inc. Other trademarks
mentioned are the property of their respective owners.
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