Verint Systems (VRNT) to Separate into Two Independent Publicly Traded Companies

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Go back to Verint Systems (VRNT) to Separate into Two Independent Publicly Traded Companies

Verint Announces Q3 FY2020 Results

December 4, 2019 4:05 PM EST

Verint also Announces Plan to Separate into Two Independent Public Companies, Strategic Investment from Apax Funds, New Share Buyback Program and Two New Directors

MELVILLE, N.Y.--(BUSINESS WIRE)-- Verint® Systems Inc. (NASDAQ: VRNT), a global Actionable Intelligence® leader, today announced results for the three and nine months ended October 31, 2019 (FY2020). Revenue for the three months ended October 31, 2019 was $325 million on a GAAP basis and $331 million on a non-GAAP basis. Diluted EPS for the three months ended October 31, 2019 was $0.17 on a GAAP basis and $0.94 on a non-GAAP basis. Revenue for the... More

Verint Announces Plan to Separate into Two Independent Publicly Traded Companies

December 4, 2019 4:05 PM EST

Also Announces $200 Million Minority Investment by Funds Advised by Apax Partners in Support of Verints Separation Plan; Additional $200 Million to Be Invested Post Separation

New $300 Million Share Buyback Program Over Period Through Closing of Separation

MELVILLE, N.Y.--(BUSINESS WIRE)-- Verint® Systems Inc. (NASDAQ: VRNT), today announced that its Board of Directors has unanimously approved proceeding with a plan to separate Verint into two independent companies: one of which will consist of its customer engagement business, and one of which will consist of its cyber intelligence... More