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Leading Financial Services Institution Implementing Verint Customer Engagement Optimization Solutions

Wed Oct 15, 2014

Organization Implements Verint Software to Optimize the People, Processes and Work Performed in Back-Office Operations

MELVILLE, N.Y., October 15, 2014 — Verint® Systems Inc. (NASDAQ: VRNT) today announced that a leading financial services institution is gaining greater visibility into the effectiveness of its annuities division with Verint Back-Office Workforce Management™. The solution—which includes forecasting and scheduling for back-office operations functions, as well as performance management and desktop and process analytics capabilities—is helping the company identify productivity gaps and opportunities to increase capacity, throughput and efficiency across the division.

As an existing Verint customer, the organization already leverages such workforce optimization solutions as Verint Call Recording™, Verint Quality Monitoring™ and Verint Speech Analytics™ in its customer engagement center. To expand the benefits it was already experiencing, it added workforce management software last year to gain further visibility into how work is processed and performed in its back-office operations, which it recognizes as playing an instrumental role in shaping the customer experience. In addition, the institution was keen to address the challenge of overtime with the ability to better forecast and schedule its annuities staff and streamline capacity and work allocation across specific teams, functions and activities.

With Verint Back-Office Workforce Management, the organization is now able to capture data on work performed, as well as non-production work, such as training, meetings and special projects. This intelligence is then translated into holistic capacity plans that span teams, functions and locations across the entire annuities division. When used in combination with desktop and process analytics, it is able to find hidden capacity and improve processing quality, compliance and time by identifying deviations, as well as provide guidance and monitoring for process adherence.

Using the knowledge, insights and data gained through the Verint solutions, it also can monitor and improve throughput, accuracy and customer service using the software’s performance management scorecards and dashboards. This functionality enables the division to tie the activities of individuals and teams to company goals, adjust training and processes as needed and implement continuous improvement cycles.

“This long-time customer has already seen the value that Verint’s workforce optimization solutions offer in the contact center or customer engagement center. Extending our solutions into the back office is helping it build a more efficient and flexible environment to set employees up for success and to help ensure customers get the consistent, high-caliber service they expect from the organization,” says Nancy Treaster, senior vice president and general manager, strategic operations, Verint Enterprise Intelligence Solutions™.

About Verint Systems Inc.

Verint® (NASDAQ: VRNT) is a global leader in Actionable Intelligence® solutions. Actionable Intelligence is a necessity in a dynamic world of massive information growth because it empowers organizations with crucial insights and enables decision makers to anticipate, respond and take action. Verint Actionable Intelligence solutions help organizations address three important challenges: customer engagement optimization; security intelligence; and fraud, risk and compliance. Today, more than 10,000 organizations in over 180 countries, including over 80 percent of the Fortune 100, use Verint solutions to improve enterprise performance and make the world a safer place. Learn more at 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 fiscal year ended January 31, 2014 and our Quarterly Report on Form 10-Q for the quarter ended July 31, 2014 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, the Company assumes no obligation to update or revise them or to provide reasons why actual results may differ.

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