Verint Awarded Security Contract to Provide IP Video Solutions for the New World Trade Center Transportation Hub

Verint® Systems Inc. (NASDAQ: VRNT) today announced that the Port Authority of New York and New Jersey (PANYNJ) awarded Verint Video Intelligence Solutions™ with a security contract in July 2011 for which it will supply IP video solutions to the World Trade Center (WTC) Port Authority Trans-Hudson (PATH) Transportation Hub. Slated to open in 2014, the WTC Transportation Hub will make Lower Manhattan the third-largest transportation center in New York and will re-establish the transportation facilities and infrastructure that existed at the WTC complex prior to September 11, 2001. The Port Authority will implement the Verint Nextiva® security solution across such critical areas as entrances, exits, platforms, and electrical and telecommunications rooms to increase situational awareness, improve preparedness, and enhance passenger safety and the security of facilities.

Over the past several years, PANYNJ has deployed Verint video solutions at key facilities, including the Lincoln and Holland Tunnels, the George Washington Bridge, the New Jersey PATH system, and AirTrain JFK. In cooperation with the U.S. Department of Transportation through the Federal Transit Administration, PANYNJ is building a new WTC 800,000-square-foot transportation hub. The facility is designed to accommodate 250,000 pedestrians per day and will feature underground pedestrian connections to locations on and around the WTC site, Hudson River ferry terminals, the World Financial Center, PATH trains, 13 subway lines, and the proposed JFK rail link.

Verint, together with its integration partner Diebold, Incorporated, will deliver the robust security system to help deter crime and enhance the safety of this state-of-the-art facility.

Once implemented, the Verint Nextiva IP video portfolio will enable PANYNJ to capture high-quality video images, optimize bandwidth and storage utilization, leverage flexible video search capabilities, and benefit from programmable video retention and storage. As a result, the organization is expected to achieve a more complete and accurate view of activity and operations.

“We are delighted to have been awarded this contract with the Port Authority of New York and New Jersey,” says Elan Moriah, president, Verint Video Intelligence Solutions and Verint Witness Actionable Solutions®. “We believe that the Port Authority’s decision to further extend its Nextiva deployment at the new World Trade Center transportation hub is indicative of both the strength of our solutions and Verint’s ongoing commitment to help secure our nation’s critical infrastructure.”

The Port Authority of New York and New Jersey

The Port Authority of New York and New Jersey, which is self-sufficient and does not receive tax dollars from either state, operates many of the busiest and most important transportation links in the region. They include John F. Kennedy International, Newark Liberty International, LaGuardia, Stewart International and Teterboro airports; AirTrain JFK and AirTrain Newark; the George Washington Bridge and Bus Station; the Lincoln and Holland tunnels; the three bridges between Staten Island and New Jersey; the PATH (Port Authority Trans-Hudson) rapid-transit system; Port Newark; the Elizabeth-Port Authority Marine Terminal; the Howland Hook Marine Terminal on Staten Island; the Brooklyn Piers/Red Hook Container Terminal; the Port Authority-Port Jersey Marine Terminal and the Port Authority Bus Terminal in midtown Manhattan. The agency also owns the 16-acre World Trade Center site in Lower Manhattan.

About Verint Video Intelligence Solutions

Verint® Video Intelligence Solutions™ is a leading global provider of networked video solutions designed to enhance the security of people, property and assets. Its award-winning Nextiva® portfolio features IP video management software, integrated analytics, encoders, cameras, wireless devices and intelligent DVRs for use across a variety of vertical market environments. Open, standards-based and IT friendly, Verint solutions help organizations realize the benefits of IP video leveraging their legacy video investments.

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 July 31, 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.

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