Melville, NY, January 6, 2011 – Verint® Systems Inc. (NASDAQ: VRNT) (the “Company”), a global leader in Actionable Intelligence® solutions and value-added services, announced today that Comverse Technology, Inc. (“Comverse”), the Company’s majority stockholder, commenced an offering of 2,000,000 shares of the Company’s common stock held by Comverse. In connection with the proposed offering, Comverse will grant to the underwriters an over-allotment option to purchase up to 300,000 additional shares. The Company will not receive any of the proceeds from the offering.