Verint Joins Russell 3000 Index
MELVILLE, N.Y., July 11, 2011 — 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.
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.
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