Verint Joins Russell 3000 Index
July 11 2011 - 8:30AM
Business Wire
Verint® Systems Inc. (NASDAQ: VRNT) today
announced that it joined the list of companies on the U.S.
broad-market Russell 3000® Index as of June 24, when Russell
Investments reconstituted its set of U.S. and global equity
indexes.
Each year, Russell reconstitutes its U.S. indexes by capturing
and ranking the 4,000 largest U.S. stocks by total market
capitalization as of the end of May. Russell determines membership
for its equity indexes primarily by objective, market
capitalization rankings and style attributes.
The Russell 3000 serves as the U.S. component to the Russell
Global Index. Verint’s membership in the Russell 3000 remains in
place for one year and provides the company with automatic
inclusion in the small-cap Russell 2000® Index.
“The Russell Indexes have a history as respected tools used by
investors to track the market and its various movements and trends.
We are very pleased to be included in the Russell 3000 this year,
as it raises our visibility within the investment community and is
reflective of our continued growth,” says Doug Robinson, Verint’s
Chief Financial Officer.
Russell Indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for both
passive and active investment strategies. An industry-leading $3.9
trillion in institutional assets currently are benchmarked to them.
These investment tools originated from Russell’s multi-manager
investment business in the early 1980s when the company saw the
need for a more objective, market-driven set of benchmarks in order
to evaluate outside investment managers.
More information about Russell Indexes, including total returns,
is available by clicking here.
About Russell
Russell Investments provides strategic advice, world-class
implementation, state-of-the-art performance benchmarks and a range
of institutional-quality investment products. Russell has about
$161 billion in assets under management as of March 31, 2011, and
serves individual, institutional and advisor clients in more than
35 countries. Founded in 1936, Russell is a subsidiary of The
Northwestern Mutual Life Insurance Company.
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 85 percent of the Fortune 100—use Verint
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. Verint is listed on the NASDAQ Stock Market
under the symbol “VRNT.” Visit us at our website
www.verint.com.
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. For a detailed discussion of these
risk factors, see our Annual Report on Form 10-K for the year ended
January 31, 2011 and our Quarterly Report on Form 10-Q for the
quarter ended April 30, 2011. 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, the Company 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, and CLICK2STAFF are trademarks or registered
trademarks of Verint Systems Inc. or its subsidiaries. Other
trademarks mentioned are the property of their respective
owners.
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