MELVILLE, N.Y.–(BUSINESS WIRE)–Verint®
Systems Inc. (Nasdaq: VRNT) today issued the following statement in
response to a presentation released by short selling hedge fund, Spruce
Point Capital Management, LLC.
“The self-serving short seller report disseminated today is inaccurate
and deliberately misleading, and is intended to destroy shareholder
value. Verint is a market leader with strong business momentum driven by
the successful execution of our customer-focused strategy, which is
delivering an expanding portfolio, growing customer base, and strong
financial performance.
We stand by all of our public disclosure, including the recently
provided long-term organic growth targets for revenue and margin
expansion. We will let our performance speak for itself, and we look
forward to discussing our strong momentum, results and outlook on our
first quarter earnings call, which is scheduled for Wednesday, May 29th
at 4:30 pm ET.
To receive accurate information about our Company, we encourage all
investors to review materials filed by Verint with the SEC and available
on our investor relations website.”
About Verint Systems Inc.
Verint® (Nasdaq: VRNT) is a global leader in Actionable Intelligence®
solutions with a focus on customer engagement optimization and cyber
intelligence. Today, over 10,000 organizations in more than 180
countries—including over 85 percent of the Fortune 100—count on
intelligence from Verint solutions to make more informed, effective and
timely decisions. Learn more about how we’re creating A Smarter World
with Actionable Intelligence® at www.verint.com.
VERINT, ACTIONABLE INTELLIGENCE, THE CUSTOMER ENGAGEMENT COMPANY, NEXT
IT, FORESEE, OPINIONLAB, KIRAN ANALYTICS, TERROGENCE, SENSECY, CUSTOMER
ENGAGEMENT SOLUTIONS, CYBER INTELLIGENCE SOLUTIONS, EDGEVR, RELIANT,
VANTAGE, STAR-GATE, SUNTECH, and VIGIA are trademarks or registered
trademarks of Verint Systems Inc. or its subsidiaries. Other trademarks
mentioned are the property of their respective owners.
Important Additional Information and Where to Find It
Verint has filed a definitive proxy statement on Schedule 14A and form
of associated WHITE Proxy Card with the Securities and Exchange
Commission (“SEC”) in connection with the solicitation of proxies for
its 2019 Annual Meeting (the “Definitive Proxy Statement”). Details
concerning the nominees of Verint’s Board of Directors for election at
the 2019 Annual Meeting are included in the Definitive Proxy Statement.
Verint has mailed solicitation materials, including a WHITE proxy card,
to stockholders of record entitled to vote at the 2019 Annual Meeting.
BEFORE MAKING ANY VOTING DECISION, INVESTORS AND STOCKHOLDERS OF THE
COMPANY ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED
TO THE SEC, INCLUDING VERINT’S DEFINITIVE PROXY STATEMENT AND ANY
SUPPLEMENTS THERETO AND ACCOMPANYING WHITE PROXY CARD, BECAUSE THEY WILL
CONTAIN IMPORTANT INFORMATION. Stockholders will be able to obtain a
free copy of the Definitive Proxy Statement and of these other documents
through the website maintained by the SEC at http://www.sec.gov
and through the website maintained by Verint at http://www.verint.com/investor-relations
as soon as reasonably practicable after such materials are
electronically filed with, or furnished to, the SEC.
Certain Information Regarding Participants
Verint, its directors and certain of its officers and other employees
will be deemed to be participants in the solicitation of Verint’s
stockholders in connection with Verint’s 2019 Annual Meeting.
Information regarding the names, affiliations and direct and indirect
interests (by security holdings or otherwise) of these persons is set
forth in the Definitive Proxy Statement filed with the SEC in connection
with Verint’s 2019 Annual Meeting. Additional information regarding the
interests of participants of Verint in the solicitation of proxies in
respect of Verint’s 2019 Annual Meeting will be filed with the SEC when
they become available. Stockholders will be able to obtain a free copy
of the Definitive Proxy Statement and other documents filed by Verint
with the SEC from the sources listed above.
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, uncertainties and assumptions, 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, 2019, 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, Verint assumes no obligation to update or revise
them or to provide reasons why actual results may differ.
Contacts
Investor
Alan Roden
Verint Systems Inc.
[email protected]
Media
Jim Barron/David Millar
Sard Verbinnen & Co.
212
687 8080
