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Verint Systems Announces Appointment of Three Independent Directors

Victor A. De Marines, Lieutenant General (Retired) Kenneth A. Minihan, and Howard Safir Join Verint?s Board of Directors

WOODBURY, NY – May 22, 2002 – Verint Systems Inc. (NASDAQ: VRNT), a leading provider of analytic solutions for communications interception, digital video security and surveillance, and enterprise business intelligence, today announced the addition of three independent directors to its Board of Directors with the completion of its initial public offering on May 21, 2002, Mr. Victor A. DeMarines, Lt. Gen. (Retired) Kenneth A. Minihan, and Mr. Howard Safir.

Mr. De Marines recently served as the President and Chief Executive Officer of MITRE Corporation (where he remains a Director), which provides security solutions for the computer systems of the Department of Defense, the Federal Aviation Administration, the Internal Revenue Service and several organizations in the U.S. intelligence community. Mr. De Marines recently served as an advisor to the Department of Defense on matters concerning the transformation of the military.

Lt. Gen. (Retired) Minihan served as the 14th Director of the National Security Agency/Central Security Services and was the senior uniformed intelligence officer in the Department of Defense. Lt. Gen. (Retired) Minihan also served as the Director of the Defense Intelligence Agency. He is the President of the Security Affairs Support Association and he consults for national security and intelligence committees.

Mr. Safir served as the 39th Police Commissioner of the City of New York. He also served as Associate Director for Operations, U.S. Marshals Service, as Assistant Director of the Drug Enforcement Administration and as Chief of the Witness Security Division, U.S. Marshals Service. Mr. Safir is currently the Chairman and Chief Executive Officer of SafirRosetti, a division of OmnicomGroup, Inc.

Dan Bodner, President and CEO of Verint, said “We are fortunate to add these highly respected and experienced gentlemen to our Board of Directors. The company will benefit greatly from their years of service, strong leadership and collective experience in the intelligence, law enforcement and security communities, and I look forward to working with them closely to implement our business strategy.”

About Verint Systems Inc.
Verint Systems Inc., headquartered in Woodbury, New York, is a leading provider of analytic solutions for communications interception, digital video security and surveillance, and enterprise business intelligence. Verint software, which is used by over 800 organizations in over 50 countries worldwide, generates actionable intelligence through the collection, retention and analysis of voice, fax, video, email, Internet and data transmissions from multiple communications networks. Verint is a subsidiary of Comverse Technology, Inc. (NASDAQ: CMVT). Visit us at our website www.verintsystems.com.

Note: This release may contain forward-looking statements that involve risks and uncertainties. There can be no assurances that forward-looking statements will be achieved, and actual results could differ materially from forecasts and estimates. Important factors that could cause actual results to differ materially include: changes in the demand for the company's products; changes in capital spending among the company's current and prospective customers; the risks associated with the sale of large, complex, high capacity systems and with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either the company or its competition; risks associated with rapidly changing technology and the ability of the company to introduce new products on a timely and cost-effective basis; risks associated with changes in the competitive or regulatory environment in which the company operates; risks associated with significant foreign operations and international sales and investment activities, including fluctuations in foreign currency exchange rates, interest rates, and valuations of public and private equity; the volatility of macroeconomic and industry conditions and the international marketplace; risks associated with the company's ability to retain existing personnel and recruit and retain qualified personnel; and other risks described in filings with the Securities and Exchange Commission. These risks and uncertainties, as well as others, are discussed in greater detail in the filings of the company with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and its subsequent Quarterly Reports on Form 10-Q. These documents are available through the company, or through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov. The company makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made.


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