Wells Fargo Enhances Security across 4000 Branch Locations with Verint Networked Video Solution; Solution Enables Major US Bank to Effectively Protect Vital Banking Operations

Business Wire, March 21, 2006

MELVILLE, N.Y. -- Verint Systems Inc. (Nasdaq:VRNT), a leading provider of analytic software-based solutions for security and business intelligence, today announced that Wells Fargo has recently completed deployment of Verint's Networked Video Solution at its 4000th branch bank location in the United States.

Wells Fargo is a diversified financial services company, providing banking, insurance, investments, mortgage and consumer finance for more than 23 million customers across America. Verint's Video Solution enables Wells Fargo to network and collect video from multiple areas of their branch banks, including tellers, cash rooms, drive-up windows and ATMs. Wells Fargo uses Verint's solution to centrally investigate security breaches, including theft and fraudulent transactions, and to help resolve customer disputes in a timely manner.

"Verint has been an outstanding partner in enhancing the security of our retail banking centers," said John Shriner, Director of Physical Security, Wells Fargo. "Verint's market leadership and expertise in the unique challenges that face our industry continue to make them the vendor of choice for leading banks across the US."

"Verint continues to lead the market with scaleable networked video solutions designed for organizations with geographically dispersed operations, such as Wells Fargo," said Dan Bodner, President and CEO of Verint Systems Inc. "Verint has significant experience working with banks and is committed to developing innovative actionable intelligence solutions to help the financial industry enhance security."

Verint Security Solutions enable government and commercial organizations to enhance security by applying advanced content analytics to extract actionable intelligence from video, audio and other data. By alerting personnel to potential security threats, Verint's Security Solutions are 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 security and 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). Visit us at our website www.verint.com.

Note: Certain statements concerning Verint's future revenues, earnings per share, 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 risks, uncertainties and other important factors that could cause actual results to differ materially include, among others: potential impact on Verint's financial results as a result of Comverse's creation of a special committee of the Board of Directors of Comverse to review matters relating to grants of Comverse stock options, including but not limited to, the accuracy of the stated dates of Comverse option grants and whether Comverse followed all of its proper corporate procedures and the results of the Comverse special committee's review; introducing quality products on a timely basis that satisfy customer requirements and achieve market acceptance; lengthy and variable sales cycles create difficulty in forecasting the timing of revenue; integrating the business and personnel of CM Insight; risks associated with significant foreign operations, including fluctuations in foreign currency exchange rates; aggressive competition in all of Verint's markets, which creates pricing pressure; integrating the business and personnel of MultiVision, including implementation of adequate internal controls; managing our expansion in the Asia Pacific region; risks that Verint's intellectual property rights may not be adequate to protect its business or that others may claim that Verint infringes upon their intellectual property rights; risks associated with integrating the business and employees of Opus and RP Sicherheissysteme GMBH; risks associated with Verint's ability to retain existing personnel and recruit and retain qualified personnel in all geographies in which Verint operates; decline in information technology spending; changes in the demand for Verint's products; challenges in increasing gross margins; risks associated with changes in the competitive or regulatory environment in which Verint operates; dependence on government contracts; expected increase in Verint's effective tax rate; perception that Verint improperly handles sensitive or confidential information; inability to maintain relationships with value added resellers and systems integrators; difficulty of improving Verint's infrastructure in order to be able to continue to grow; risks associated with Comverse Technology, Inc. controlling Verint's business and affairs; and other risks described in filings 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.