Increases Outlook for the Year Ending January 31, 2019 Following Acquisition of Next IT, a Developer of Conversational Artificial Intelligence Solutions

MELVILLE, N.Y., December 19, 2017Verint® Systems Inc. (Nasdaq: VRNT) today announced that it has acquired all of the outstanding equity interests in Next IT Corporation and its affiliate Next IT Innovation Labs, LLC (collectively, “Next IT”), a developer of conversational artificial intelligence-powered intelligent virtual assistants. The purchase price consisted of close to $30 million of cash paid at closing, plus potential additional future cash payments.