Verint Announces the Passing of Its Chairman, Victor DeMarines

Verint^® Systems Inc. VRNT today shares with great sadness the passing of Victor DeMarines, its Chairman of the Board of Directors, on August 30, 2017. That day, the Board unanimously appointed President, Chief Executive Officer and current Director Dan Bodner as Chairman of the Board.

Bodner says, "Vic joined our Board just before our IPO in 2002 and became Chairman in 2013. He was a tireless supporter of Verint through many important stages of our journey, and we will miss his leadership and guidance." He adds, "In my role as Chairman, I will continue to focus on Verint's growth strategy and on creating value for our shareholders."

The Board also appointed John Egan—who has served on the company's Board of Directors since 2012 and is currently Chairman of the Corporate Governance and Nominating Committee of the Board—to serve as Lead Independent Director, also effective August 30, 2017.

About Verint Systems Inc.
Verint^® VRNT is a global leader in Actionable Intelligence^® solutions with a focus on customer engagement optimization, security intelligence, and fraud, risk and compliance. Today, over 10,000 organizations in more than 180 countries—including over 80 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.

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, 2017, our Quarterly Report on Form 10-Q for the quarter ended July 31, 2017, when filed, 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.

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