Home Depot Selects Verint's Digital Video Solution (email this article)

MELVILLE, N.Y.--(BUSINESS WIRE)--Sept. 16, 2003--Verint Systems Inc. (NASDAQ: VRNT - News) (Company Profile, Past Stories, Case Studies), a leading provider of analytic software-based solutions for communications interception, digital video security and surveillance, and enterprise business intelligence, today announced that Home Depot (NYSE: HD - News) has selected and is currently deploying its Loronix Digital Video Solution.

Home Depot is deploying Verint's Loronix Video Solution within its stores for a variety of business purposes, including enhancing security, ensuring a safe environment for its employees and customers, reducing shrinkage and monitoring self-checkout stations. Home Depot selected Verint after completing an extensive review of their business objectives and pilots and integration of Verint's Loronix Video Solution with Home Depot's business systems.

"With more than 1,600 stores, Home Depot is committed to deploying technology to efficiently manage our operations and ensure a safe and secure environment for our employees and customers," said Marvin Ellison, Home Depot's VP of Loss Prevention. "We view Verint's Loronix Video Solution as a multi-dimensional retail tool. Therefore, we are deploying their technology to meet a number of important objectives, including reducing shrinkage and generating business intelligence that can be used to improve merchandising."

"We are delighted to be working with Home Depot to help them improve their operations," said Dan Bodner, president and CEO of Verint Systems Inc. "We continue to develop new video solutions for our retail customers and are committed to the retail market."

About Home Depot

Founded in 1978, The Home Depot is the world's largest home improvement specialty retailer and the second largest retailer in the United States, with fiscal 2002 sales of $58.2 billion. The company employs approximately 315,000 associates and has 1,576 stores in 50 states, the District of Columbia, Puerto Rico, eight Canadian provinces and Mexico. Its stock is traded on the New York Stock Exchange and is included in the Dow Jones Industrial Average and Standard & Poor's 500 Index. www.homedepot.com.

About Verint Systems Inc.

Verint Systems Inc., with headquarters in Melville, N.Y., is a leading provider of analytic software-based solutions for communications interception, digital video security and surveillance and enterprise business intelligence. Verint software, which is used by over 1,000 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 - News). Visit us at our Web site www.verint.com.

Note: Certain statements concerning Verint's future results or prospects are "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. 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 Verint's products; further decline in information technology spending; the uncertainty of customer acceptance of Verint's products; Verint's lengthy and variable sales cycle makes it difficult to predict operating results; dependence on contracts with governments for a significant portion of Verint's revenues; markets for Verint's products failing to develop; risks that Verint's intellectual property rights may not be adequate to protect its business; risks associated with rapidly changing technology and the ability of Verint to introduce new products on a timely and cost-effective basis; inability to maintain relationships with value added resellers and systems integrators; risks associated with Verint's ability to retain existing personnel and recruit and retain qualified personnel; risks associated with changes in the competitive or regulatory environment in which Verint operates; risks associated with significant foreign operations, including fluctuations in foreign currency exchange rates; risks associated with Comverse Technology, Inc. controlling Verint's business and affairs; 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 Verint with the Securities and Exchange Commission. All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov or from Verint's Web site at www.verint.com. Verint makes no commitment to revise or update any forward-looking statements.

Verint, the Verint word mark, STAR-GATE, RELIANT, LORONIX and ULTRA are trademarks of Verint Systems Inc. Other names may be trademarks of their respective owners.