Verint Issues Statement Strongly Rejecting Misleading and Inaccurate Short Seller Report
May 23 2019 - 1:10PM
Business Wire
Verint® Systems Inc. (Nasdaq: VRNT) today issued the following
statement in response to a presentation released by short selling
hedge fund, Spruce Point Capital Management, LLC.
“The self-serving short seller report disseminated today is
inaccurate and deliberately misleading, and is intended to destroy
shareholder value. Verint is a market leader with strong business
momentum driven by the successful execution of our customer-focused
strategy, which is delivering an expanding portfolio, growing
customer base, and strong financial performance.
We stand by all of our public disclosure, including the recently
provided long-term organic growth targets for revenue and margin
expansion. We will let our performance speak for itself, and we
look forward to discussing our strong momentum, results and outlook
on our first quarter earnings call, which is scheduled for
Wednesday, May 29th at 4:30 pm ET.
To receive accurate information about our Company, we encourage
all investors to review materials filed by Verint with the SEC and
available on our investor relations website.”
About Verint Systems Inc.
Verint® (Nasdaq: VRNT) is a global leader in Actionable
Intelligence® solutions with a focus on customer engagement
optimization and cyber intelligence. Today, over 10,000
organizations in more than 180 countries—including over 85 percent
of the Fortune 100—count on intelligence from Verint solutions to
make more informed, effective and timely decisions. Learn more
about how we’re creating A Smarter World with Actionable
Intelligence® at www.verint.com.
VERINT, ACTIONABLE INTELLIGENCE, THE CUSTOMER ENGAGEMENT
COMPANY, NEXT IT, FORESEE, OPINIONLAB, KIRAN ANALYTICS, TERROGENCE,
SENSECY, CUSTOMER ENGAGEMENT SOLUTIONS, CYBER INTELLIGENCE
SOLUTIONS, EDGEVR, RELIANT, VANTAGE, STAR-GATE, SUNTECH, and VIGIA
are trademarks or registered trademarks of Verint Systems Inc. or
its subsidiaries. Other trademarks mentioned are the property of
their respective owners.
Important Additional Information and Where to Find It
Verint has filed a definitive proxy statement on Schedule 14A
and form of associated WHITE Proxy Card with the Securities and
Exchange Commission (“SEC”) in connection with the solicitation of
proxies for its 2019 Annual Meeting (the “Definitive Proxy
Statement”). Details concerning the nominees of Verint’s Board of
Directors for election at the 2019 Annual Meeting are included in
the Definitive Proxy Statement. Verint has mailed solicitation
materials, including a WHITE proxy card, to stockholders of record
entitled to vote at the 2019 Annual Meeting. BEFORE MAKING ANY
VOTING DECISION, INVESTORS AND STOCKHOLDERS OF THE COMPANY ARE
URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE
SEC, INCLUDING VERINT’S DEFINITIVE PROXY STATEMENT AND ANY
SUPPLEMENTS THERETO AND ACCOMPANYING WHITE PROXY CARD, BECAUSE THEY
WILL CONTAIN IMPORTANT INFORMATION. Stockholders will be able to
obtain a free copy of the Definitive Proxy Statement and of these
other documents through the website maintained by the SEC at
http://www.sec.gov and through the website maintained by Verint at
http://www.verint.com/investor-relations as soon as reasonably
practicable after such materials are electronically filed with, or
furnished to, the SEC.
Certain Information Regarding Participants
Verint, its directors and certain of its officers and other
employees will be deemed to be participants in the solicitation of
Verint’s stockholders in connection with Verint’s 2019 Annual
Meeting. Information regarding the names, affiliations and direct
and indirect interests (by security holdings or otherwise) of these
persons is set forth in the Definitive Proxy Statement filed with
the SEC in connection with Verint’s 2019 Annual Meeting. Additional
information regarding the interests of participants of Verint in
the solicitation of proxies in respect of Verint’s 2019 Annual
Meeting will be filed with the SEC when they become available.
Stockholders will be able to obtain a free copy of the Definitive
Proxy Statement and other documents filed by Verint with the SEC
from the sources listed above.
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, uncertainties and assumptions, 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 fiscal year ended January 31, 2019, and other filings
we make with the SEC. 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190523005661/en/
Investor Alan RodenVerint Systems
Inc.alan.roden@verint.com
MediaJim Barron/David MillarSard Verbinnen & Co.212
687 8080
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