Verint Announces Q3 FY2020 Results

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Go back to Verint Announces Q3 FY2020 Results

Verint Systems (VRNT) to Resume Trading at 4:35 pm

December 4, 2019 4:09 PM EST

Verint Systems (NASDAQ: VRNT) to Resume Trading at 4:35 pm

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

December 4, 2019 4:07 PM EST

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 business. Verint expects to complete the separation shortly after the end of Verints next fiscal year ending January 31, 2021.

With our customer engagement business approaching $1 billion in annual revenue and our cyber intelligence business approaching $500 million in annual revenue, we believe the two independent, publicly... More