Comverse Changes Verint Board Members

Comverse Technology announces changes to the Verint Systems board of directors

March 19, 2012

1 Min Read

NEW YORK -- Comverse Technology, Inc. ("CTI") (Nasdaq:CMVT), a global leader in BSS, mobile Internet and value-added services, today announced that three members of CTI's management have resigned from the Board of Directors of Verint Systems Inc. ("Verint") (Nasdaq:VRNT), a majority-owned subsidiary of CTI, and have been replaced on Verint's Board by three members of CTI's Board of Directors. The three former Verint directors are Charles Burdick, Chairman of the Board and Chief Executive Officer of CTI, John Bunyan, Senior Vice President, Strategy & Innovation of CTI, and Paul D. Baker, Vice President, Corporate Marketing and Corporate Communications of CTI. Their replacements are CTI directors Augustus K. Oliver, Theodore Schell and Mark Terrell who also serve as members of the Strategic Alternatives Committee of CTI's Board. Mr. Oliver also has been appointed Chairman of Verint's Board of Directors.

Mr. Burdick stated: "This change allows the management team and myself to focus on the important tasks of managing the operations, as we prepare for the previously announced spin-off of Comverse Inc., our wholly-owned subsidiary."

Comverse Technology Inc. (Nasdaq: CMVT)

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