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Verint history
Verint company history timeline
Because of the discreet nature of the product, AudioDisk was not as well known as Trilogue, and in February 1994 that entire surveillance business was broken off and housed in a new subsidiary called Interactive Information Systems Corporation.
But, this business unit of Comverse Technology was originally incorporated in 1994 in Delaware.
Aside from law enforcement and intelligence agencies, AudioDisk also found customers in the private sector, as companies used the Ultra product, launched in April 1996, for internal uses, such as monitoring incoming calls and the activities of call center representatives.
On January 27, 1997, Comverse Technology Inc. announced the formation of a new private equity fund in partnership with Quantum Industrial Holdings Ltd.
On June 7, 1999, the company released an Internet Call Waiting service.
Acquired in July 2000 was Loronix Information Systems, Inc., a company that developed software-based digital video recording, networking, and live Internet video streaming technology.
An opportunity arose following the terrorist attacks against the United States on September 11, 2001, when the need for all manner of security products increased dramatically.
Although the unit was narrowing its losses, it still lost $4.6 million on $131.2 million in revenues in 2002, which ended on January 31 of that year.
In addition, the shares quickly lost $1.51 on the first day of trading on the NASDAQ, making it the secondworst launch of a stock in 2002.
In 2002, Verint Systems was founded (became a public company) and is currently led by Dan Bodner, President, and CEO of Verint.
In 2002, Company filed its IPO and became a public company although the majority of its stakes were still owned by Comverse Technology.
The company used some of its higher-price stock in a $10 million deal to purchase Montreal-based SmartSight Networks Inc. in May 2003, in keeping with a strategy to acquire companies possessing complementary technologies that would broaden Verint's product offerings.
When Verint made a secondary stock offering in June 2003, it was met with a far more enthusiastic response from investors.
More strategic acquisitions followed in 2004.
Sales continued to build, approaching $250 million in 2005, while net income improved to $19 million.
In July 2008 Amit Bohensky founded Focal-Info, a software company focused on web data extraction and analytics.
In July 2008, Verint Systems acquired a very young company called Focal Info.
In July 2009, AMR Research ranked Verint 20th in its list of the top 50 global enterprise application vendors.
A subsequent acquisition was of Iontas, in early 2010, a provider of desktop analytics solutions.
But, again in 2010, Company was back on the NASDAQ stock exchange list and struck a deal with Comverse Technology to sell its remaining interest in Verint.
In September 2011, Verint acquired Global Management Technologies Corporation, paying around $25 million for it.
In August 2012, Verint announced that it would buy out Comverse Technology's stake in it, in a transaction valued at around $800 million.
In February 2013, Verint Systems became independent of Comverse, having bought out the latter's stake in it.
On February 3, 2014, Verint Systems completed acquisition of KANA Software Inc. from Accel-KKR for $514.2 million.
On November 16, 2016, Verint Systems completed acquisition of the customer experience software company OpinionLab for an undisclosed amount.
On December 19, 2017, Verint Systems completed acquisition of the Intelligent Virtual Assistant company Next IT for $30 million cash plus up to $21 million in future payments.
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Verint competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Amdocs | 1982 | $5.0B | 26,200 | 23 |
| Narus | 1997 | $14.0M | 150 | - |
| F5 | 1996 | $2.8B | 6,550 | 192 |
| Sumo Logic | 2010 | $300.7M | 800 | 26 |
| Gartner | 1979 | $6.3B | 16,724 | 334 |
| CyberArk | 1999 | $343.0M | 1,380 | 46 |
| Varonis | 2005 | $551.0M | 2,100 | 87 |
| TechTarget | 1999 | $230.0M | 647 | 1 |
| Aspect Software | 1981 | $443.0M | 1,800 | 3 |
| KANA Software | 1996 | $100.0M | 425 | - |
Verint history FAQs
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Verint may also be known as or be related to VERINT SYSTEMS INC, Verint, Verint Systems, Verint Systems Inc and Verint Systems Inc.