Former Commissioner of the Metropolitan Police Service Brings
More Than 30 Years Experience in Security and Law Enforcement to Verint
WEYBRIDGE, SURREY 25 March 2003 - Verint Systems Inc. (NASDAQ:VRNT), a leading provider of analytical solutions for communications interception, digital video security and surveillance, and enterprise business intelligence, announced today that Lord Condon has joined its Advisory Board.
Lord Condon began his career in 1967 when he joined the Metropolitan Police Service in the UK. He rose through the ranks with his police career culminating in his appointment as Commissioner of the Metropolitan Police Service in 1993, a position he held for seven years until his retirement in 2000. He was appointed at the age of 45, which made him the youngest Commissioner in 150 years. Amongst his many achievements in this role, Lord Condon significantly improved the anti-corruption programme for the Metropolitan Police Service and managed the Metropolitan Police Service through one of its most turbulent post-war periods in terms of terrorism on the streets of London and elsewhere in the UK. He was awarded the Queens Police Medal in 1998 and knighted in 1994. In 2001 he was made a Life Peer.
Lord Condon holds other positions including, Chairman of the Independent Complaints Panel of The Portman Group; Director of the International Cricket Commission Anti-Corruption Unit and non-executive director of Securicor. Lord Condon is also a Life Member of the Association of Chief Police Officers.
Commenting on his decision to join Verint’s Advisory Board, Lord Condon said, “Verint has established itself as a leading provider of security and surveillance solutions worldwide by providing companies with the highest level of analytical solutions. I am looking forward to working with Verint to maintain and extend their market leadership.”
Dan Bodner, President and CEO of Verint, said “We are fortunate to add someone with as much experience in law enforcement and intelligence as Lord Condon to our Advisory Committee. The Company will benefit greatly from his years of experience and his first hand, in depth understanding of the security requirements in both the private and public sectors.”
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Robert Wint, Verint Systems, tel 01932 839500, email: firstname.lastname@example.org.
About Verint Systems Inc.
Verint Systems Inc., headquartered in Woodbury, New York, is a leading provider of analytic solutions for communications interception, digital video security and surveillance, and enterprise business intelligence. Verint software, which is used by over 800 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.verintsystems.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; changes in capital spending among Verint's current and prospective customers; the risks associated with the sale of large, complex, high-capacity systems and with new product introductions as well as the uncertainty of customer acceptance of these new or enhanced products from either Verint or its competition; Verint’s lengthy and variable sales cycle makes it difficult to predict operating results; 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; risks associated with changes in the competitive or regulatory environment in which Verint operates; risks associated with holding a large portion of assets in cash and equivalents and the reduction of prevailing interest rates; risks associated with significant foreign operations and international sales and investment activities, including fluctuations in foreign currency exchange rates, interest rates, and valuations of public and private equity; the volatility of macroeconomic and industry conditions and the international marketplace; risks associated with Verint's ability to retain existing personnel and recruit and retain qualified personnel; 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, including Verint’s most recent Quarterly Report on Form 10-Q. 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 http://www.verintsystems.com
Verint makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made.
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