Exhibit 99.1

Apax Series B investment

On December 4, 2019, we announced that an affiliate (the “Apax Investor”) of Apax Partners (“Apax”) would make an investment in us in an amount of up to $400.0 million. Under the terms of the Investment Agreement, dated as of December 4, 2019 (the “Investment Agreement”), the Apax Investor initially purchased $200.0 million of our Series A convertible preferred stock (“Series A Preferred Stock”) in an issuance that closed on May 7, 2020 (the “Apax Series A Investment”). The closing of the purchase by the Apax Investor of $200.0 million of our Series B convertible preferred stock (“Series B Preferred Stock”) is scheduled to occur on April 6, 2021 (the “Apax Series B Investment”). After giving effect to the closing of the Series A Preferred Stock and Series B Preferred Stock investments and the Spin-Off, Apax’s ownership in us on an as-converted basis is approximately 12.5%.

In connection with the closing of the Apax Series A Investment, we elected Jason A. Wright, who is a designee of Apax, to our board of directors as the Initial Investor Director Designee (as defined in the Investment Agreement). Following the closing of the Apax Series B Investment, Apax and we will mutually agree on the Initial Independent Designee (as defined in the Investment Agreement), and we will use our reasonable efforts to cause the Initial Independent Designee to be confirmed by the Corporate Governance and Nominating Committee of our board of directors and be elected to our board of directors no later than 90 days following the closing of the Apax Series B Investment.

Amendment to credit agreement

Concurrently with the the offering of our convertible senior notes (the “notes”), we will amend the Credit Agreement, dated June 29, 2017, by and among Verint and the lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (the “2017 Credit Agreement”), which is comprised of a $425.0 million term loan maturing on June 29, 2024 (the “2017 Term Loan”) and a $300.0 million revolving credit facility maturing on June 29, 2022 (the “2017 Revolving Credit Facility”) (as amended, the “Amended Credit Facility”) and repay approximately $260.1 million in amounts outstanding under the 2017 Term Loan. As of January 31, 2021, approximately $410.1 million was outstanding under the 2017 Term Loan. The Amended Credit Facility will provide us with the ability to borrow up to $300.0 million pursuant to the revolving credit facility which, as of the closing date, will be undrawn. The revolving credit facility will mature in five years and permit incremental facilities equal to the sum of (x) $250.0 million plus (y) an unlimited amount subject to the satisfaction of a 3.0x first lien net leverage ratio test. The terms of the Amended Credit Facility will be substantially the same as the 2017 Credit Agreement except that it will include updates to certain of the terms, covenant baskets and other provisions to give effect to the current size and scope of our business.

Capitalization

The following table sets forth our (i) total cash and cash equivalents, restricted cash and cash equivalents and restricted bank time deposits (excluding long-term portions) and short-term investments and (ii) capitalization as of January 31, 2021:

This table should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained in our Annual Report on Form 10-K for the year ended January 31, 2021 and our financial statements and related notes thereto, which are incorporated by reference into this offering memorandum.

Exhibit 99.2

Press Release

Verint Announces Proposed Offering of Convertible Senior Notes and Concurrent Repurchase of Common Stock

MELVILLE, N.Y., April 5, 2021 – Verint^® Systems Inc. (NASDAQ: VRNT) today announced its intention, subject to market and other conditions, to commence an offering of $250 million aggregate principal amount of convertible senior notes due 2026 (or up to $287.5 million in aggregate principal amount if the initial purchasers exercise their option to purchase additional notes in full) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933.

Upon conversion of the notes, Verint will pay cash up to the aggregate principal amount of notes to be converted and pay and/or deliver , as the case may be, cash, shares of Verint’s common stock or a combination of cash and shares of Verint’s common stock, at Verint’s election, in respect of the remainder, if any. The interest rate, conversion rate and certain other pricing terms of the notes will be determined at the time of pricing of the offering by Verint and the initial purchasers.

Verint intends to use a portion of the net proceeds from the notes offering to pay the costs of the capped call transactions described below. Verint intends to use the remainder of the net proceeds from the offering to repay a portion of the outstanding indebtedness under its existing credit facility, to repay certain amounts owing under interest rate swap agreements, to repurchase approximately 1.6 million shares of its common stock and the remainder for working capital and other general corporate purposes.

In connection with the pricing of the notes, Verint expects to enter into capped call transactions with one or more of the initial purchasers or other financial institutions and/or their respective affiliates (the “option counterparties”). The capped call transactions are expected generally to reduce potential dilution to Verint’s common stock upon any conversion of the notes at maturity and/or offset any cash payments Verint is required to make in excess of the principal amount of converted notes, as the case may be, with such reduction and/or offset subject to a cap based on the cap price. The cap price of the capped call transactions will be determined upon pricing of the notes. If the initial purchasers exercise their option to purchase additional notes, Verint expects to enter into additional capped call transactions with the option counterparties.

Verint has been advised that, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to enter into various derivative transactions referencing Verint’s common stock and/or purchase shares of Verint’s common stock concurrently with, or shortly after, the pricing of the notes, and may unwind these various derivative transactions and purchase Verint’s common stock in open market transactions shortly following the pricing of the notes. These activities could increase (or reduce the size of any decrease in) the market price of Verint’s common stock or the notes at that time.

In addition, Verint has been advised that the option counterparties and/or their respective affiliates may modify their hedge positions by entering into or unwinding various derivative transactions referencing Verint’s common stock and/or purchasing or selling shares of Verint’s common stock or other securities of Verint in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and are likely to do so following any conversion of notes, any repurchase of notes by Verint on any fundamental change repurchase date, any redemption date, or any other date on which any notes are retired by Verint). These activities could cause or avoid an increase or decrease in the market price of Verint’s common stock or the notes, which could affect the ability of noteholders to convert the notes and, to the extent the activity occurs during any observation period related to a conversion of the notes, could affect the number of shares and value of the consideration that noteholders will receive upon conversion of the notes.

There can be no assurance that the offering will be completed. The notes will be offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. Neither the notes nor the shares of common stock issuable upon conversion of the notes, if any, have been, nor will be, registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Verint

Verint^® (Nasdaq: VRNT) helps the world’s most iconic brands – including over 85 of the Fortune 100 companies – build enduring customer relationships by connecting work, data and experiences across the enterprise. The Verint Customer Engagement portfolio draws on the latest advancements in AI and analytics, an open cloud architecture, and The Science of Customer Engagement^™ to help customers close the Engagement Capacity Gap^TM.

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements,” including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc., including statements regarding Verint’s current expectations and beliefs as to the pricing and closing of the offering and use of the proceeds thereof. These forward-looking statements are not guarantees of future performance and they are based on management’s expectations that involve a number of risks, uncertainties and assumptions, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see Verint’s Annual Report on Form 10-K for the fiscal year ended January 31, 2021 and other filings Verint makes with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ.

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Contact:

Investor Relations

Matthew Frankel

matthew.frankel@verint.com