Verint Systems Inc. Announces Pricing of Common Stock Offering by Selling Stockholder
January 11 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 the pricing of its offering of 2,000,000
shares of the Company’s common stock by Comverse Technology, Inc.
(“Comverse”), the Company’s majority stockholder, at a price of
$35.00 per share. The underwriters have the option to purchase up
to an additional 300,000 shares of common stock from Comverse at
the applicable price, less underwriting discounts and commissions,
within 30 days, solely to cover over-allotments, if any. Closing of
the offering is expected to occur on or about January 14, 2011,
subject to customary closing conditions. 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.
Copies of the prospectus relating to the offering may be
obtained, when available, by visiting 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 and declared effective by the Securities and Exchange
Commission. This press release is for informational purposes only
and is not an offer to sell or the solicitation of an offer to buy
any securities of the Company, nor will there be any such offer,
sale or solicitation in any jurisdiction where it would be
unlawful.
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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