Credit Suisse First Boston Enhances Security of Its Asia Operations with Verint's Digital Video Solution(email this article)

MELVILLE, N.Y.--(BUSINESS WIRE)--Sept. 22, 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 Credit Suisse First Boston (CSFB) has deployed its Loronix Digital Video Solution in eight locations in Asia as part of an ongoing program to centralize its security monitoring.

CSFB is a global investment bank with 69 offices worldwide, including 15 offices in Asia. The Loronix Digital Video Solution has enabled CSFB to centralize its security monitoring by networking video from eight offices throughout Asia to its security operations headquarters in Singapore. By doing so, CSFB has been able to monitor the security at its facilities both locally and remotely, and alert security personnel to potential issues.

"Verint's Loronix Digital Video Solution has provided CSFB with video management capabilities that enhance the security of our Asian operations," said John Roberton, the Regional Head of Security for CSFB in Singapore. "In addition, the Loronix system has provided us with a solution that we can easily extend to other locations."

"We believe that our scalable Loronix Digital Video Solution is well suited for global companies, such as CSFB, that have multiple offices and are looking to enhance the security of their operations with a networked solution," said Dan Bodner, CEO and President of Verint Systems. "We are delighted to be working with CSFB in meeting their security objectives."

Verint's Loronix Digital Video Security Solutions enable government and commercial organizations to enhance the security of their facilities by networking video across multiple locations and applying advanced content analytics to extract actionable intelligence from video in real-time. By alerting security personnel to potential security threats, Verint's Digital Video Solution is designed to help organizations prevent security breaches and improve response time.

About Verint Systems Inc.

Verint Systems Inc., headquartered in Melville, New York, 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 website 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 website 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.