As filed with the Securities and Exchange Commission on July 7, 2010

Registration No. 333-________

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM S-8

REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933

 

VERINT SYSTEMS INC.

(Exact name of registrant as specified in its charter)

Delaware (State or other jurisdiction of incorporation or organization)		11-3200514 (I.R.S. Employer Identification No.)
330 South Service Road, Melville, New York (Address of Principal Executive Offices)		11747 (Zip Code)

VERINT SYSTEMS INC. STOCK INCENTIVE COMPENSATION PLAN
VERINT SYSTEMS INC. 2004 STOCK INCENTIVE COMPENSATION PLAN
WITNESS SYSTEMS, INC. AMENDED AND RESTATED STOCK INCENTIVE PLAN
(Full title of the plan)

Peter Fante
Chief Legal Officer
Verint Systems Inc.
330 South Service Road
Melville, New York 11747
(Name and address of agent for service)

(631) 962-9600
(Telephone number, including area code, of agent for service)

With copies to:
Randi C. Lesnick, Esq.
Jones Day
222 East 41^st Street
New York, New York 10017
(212) 326-3939

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer o		Accelerated filer þ		Non-accelerated filer o		Smaller reporting company o
				(Do not check if a smaller reporting company)

CALCULATION OF REGISTRATION FEE

Proposed Maximum

Proposed Maximum

Title of Securities to be

Amount to be

Offering Price Per

Aggregate Offering

Amount of

Registered

Registered(1)(2)

Share(3)

Price(3)

Registration Fee

Common Stock, $0.001 par value per share

1,813,134

$23.15

$41,974,052.10

$2,992.75

 

 

EXPLANATORY NOTE

This Registration Statement contains two parts. The first part contains a resale prospectus prepared in accordance with the requirements of General Instruction C to Form S-8 that covers resales of “restricted securities” and “control securities” (in each case, as defined in General Instruction C to Form S-8). This resale prospectus relates to shares of common stock, $0.001 par value per share, of Verint Systems Inc. (the “Company”) previously issued to certain officers, directors and employees of the Company pursuant to the Verint Systems Inc. Stock Incentive Compensation Plan, as amended; the Verint Systems Inc. 2004 Stock Incentive Compensation Plan, as amended; and the Witness Systems, Inc. Amended and Restated Stock Incentive Plan. The second part of this Registration Statement contains Information Required in the Registration Statement pursuant to Part II of Form S-8.

REOFFER PROSPECTUS

VERINT SYSTEMS INC.

1,813,134 SHARES OF COMMON STOCK

This prospectus relates to the resale, from time to time, of up to 1,813,134 shares of our common stock, $0.001 par value per share, by the selling stockholders listed in this prospectus. The selling stockholders acquired such shares pursuant to grants made under (1) the Verint Systems Inc. Stock Incentive Compensation Plan, as amended; (2) the Verint Systems Inc. 2004 Stock Incentive Compensation Plan, as amended; or (3) the Witness Systems, Inc. Amended and Restated Stock Incentive Plan, as amended. The Verint Systems Inc. Stock Incentive Compensation Plan, as amended; the Verint Systems Inc. 2004 Stock Incentive Compensation Plan, as amended; and the Witness Systems, Inc. Amended and Restated Stock Incentive Plan, as amended, are collectively referred to in this prospectus as the “Plans.”

We will not receive any proceeds from sales of the shares of our common stock covered by this prospectus by any of the selling stockholders. The shares may be offered, from time to time, by any or all of the selling stockholders through ordinary brokerage transactions, in negotiated transactions or in other transactions, at such prices as he, she or they may determine, which may relate to market prices prevailing at the time of sale or be a negotiated price. See “Plan of Distribution.” We will bear all costs, expenses and fees in connection with the registration of the shares. Brokerage commissions and similar selling expenses, if any, attributable to the offer or sale of the shares will be borne by the selling stockholders.

Each selling stockholder and any broker executing selling orders on behalf of a selling stockholder may be deemed to be an “underwriter” as defined in the Securities Act of 1933, as amended, or the Securities Act. If any broker-dealers are used to effect sales, any commissions paid to broker-dealers and, if broker-dealers purchase any of the shares of common stock covered by this prospectus as principals, any profits received by such broker-dealers on the resales of shares may be deemed to be underwriting discounts or commissions under the Securities Act. In addition, any profits realized by the selling stockholders may be deemed to be underwriting commissions.

Shares of our common stock are listed on the NASDAQ Global Market under the symbol “VRNT.” On July 6, 2010, the last reported sale price of our common stock was $23.80 per share.

Investing in shares of our common stock involves a high degree of risk. See “Risk Factors” on page 4 of this prospectus and the other risk factors set forth in our periodic and other filings with the Securities and Exchange Commission, or the SEC, including those set forth in our Annual Report on Form 10-K for the year ended January 31, 2010, for a discussion of certain factors that should carefully be considered by prospective purchasers.

Neither the SEC nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

This prospectus is dated July 7, 2010.

TABLE OF CONTENTS

		Page
Prospectus Summary			1
Cautionary Note on Forward-Looking Statements			2
Risk Factors			4
Use of Proceeds			6
Selling Stockholders			7
Plan of Distribution			12
Legal Matters			13
Experts			13
Information Incorporated by Reference			13
Where You Can Find Additional Information			14
Exhibit 5.1
Exhibit 23.1

You should rely only on the information contained in or incorporated by reference into this prospectus. We have not authorized any other person to provide you with additional information or information different from that contained in or incorporated by reference into this prospectus. The selling stockholders may, from time to time, offer to sell shares of our common stock only in jurisdictions where the offer or sale is permitted. You should not assume that the information contained in this prospectus is accurate as of any date other than the date on the front cover of this prospectus or that the information contained in any document incorporated by reference into this prospectus is accurate as of any date other than the date of the document incorporated by reference.

CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS

Certain statements discussed in this prospectus constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, the provisions of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Forward-looking statements include financial projections, statements of plans and objectives for future operations, statements of future economic performance and statements of assumptions relating thereto. Forward-looking statements are often identified by future or conditional words such as “will,” “plans,” “expects,” “intends,” “believes,” “seeks,” “estimates” or “anticipates,” by variations of such words or by similar expressions. There can be no assurances that forward-looking statements will be achieved. By their very nature, forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results or performance to differ materially from those expressed or implied by such forward-looking statements. Important risks, uncertainties and other factors that could cause our actual results or performance to differ materially from our forward-looking statements include, among others:

•

risks relating to the filing of our SEC reports, including the occurrence of known contingencies or unforeseen events that could delay our filings, management distractions, and significant expense;

•

risk associated with the SEC’s initiation of an administrative proceeding on March 3, 2010 to suspend or revoke the registration of our common stock under the Exchange Act due to our previous failure to file an annual report on either Form 10-K or Form 10-KSB since April 25, 2005 or quarterly reports on either Form 10-Q or Form 10-QSB since December 12, 2005;

•

risk that our credit rating could be downgraded or placed on a credit watch based on, among other things, our financial results, delays in the filing of our periodic reports, or the results of the SEC’s administrative proceeding;

•

risks associated with being a consolidated, controlled subsidiary of Comverse Technology, Inc., or Comverse, and formerly part of Comverse’s consolidated tax group, including risk of any future impact on us resulting from Comverse’s special committee investigation and restatement or related effects, and risks related to our dependence on Comverse to provide us with accurate financial information, including with respect to stock-based compensation expense and net operating loss carryforwards, or NOLs, for our financial statements;

•

uncertainty regarding the impact of general economic conditions, particularly in information technology spending, on our business;

•

risk that our financial results will cause us not to be compliant with the leverage ratio covenant under our credit facility or that any delays in the filing of future SEC reports could cause us not to be compliant with the financial statement delivery covenant under our credit facility;

•

risk that customers or partners delay or cancel orders or are unable to honor contractual commitments due to liquidity issues, challenges in their business or otherwise;

•

risk that we will experience liquidity or working capital issues and related risk that financing sources will be unavailable to us on reasonable terms or at all;

•

uncertainty regarding the future impact on our business of our internal investigation, restatement, extended filing delay, and the SEC’s administrative proceeding, including customer, partner, employee, and investor concern, and potential customer and partner transaction deferrals or losses;

•

risks relating to the remediation or inability to adequately remediate material weaknesses in our internal controls over financial reporting and relating to the proper application of highly complex accounting rules and pronouncements in order to produce accurate SEC reports on a timely basis;

•

risks relating to our implementation and maintenance of adequate systems and internal controls for our current and future operations and reporting needs;

•

risk of possible future restatements if the processes used to produce the financial statements contained in our SEC reports are inadequate;

•

risk associated with current or future regulatory actions or private litigations relating to our internal investigation, restatement or previous delay in timely making required SEC filings;

•

risk that we will be unable to maintain the listing of our common stock on the NASDAQ Global Market;

•

risks associated with Comverse controlling our board of directors and a majority of our common stock (and therefore the results of any significant stockholder vote);

•

risks associated with significant leverage, resulting from our current debt position;

•

risks due to aggressive competition in all of our markets, including with respect to maintaining margins and sufficient levels of investment in the business and with respect to introducing quality products which achieve market acceptance;

•

risks created by continued consolidation of competitors or introduction of large competitors in our markets with greater resources than us;

•

risks associated with significant foreign and international operations, including exposure to fluctuations in exchange rates;

•

risks associated with complex and changing local and foreign regulatory environments;

•

risks associated with our ability to recruit and retain qualified personnel in all geographies in which we operate;

•

challenges in accurately forecasting revenue and expenses;

•

risks associated with acquisitions and related system integrations;

•

risks relating to our ability to improve our infrastructure to support growth;

•

risks that our intellectual property rights may not be adequate to protect our business or that others may make claims on our intellectual property or claim infringement on their intellectual property rights;

•

risks associated with a significant amount of our business coming from domestic and foreign government customers;

•

risk that we improperly handle sensitive or confidential information or perception of such mishandling;

•

risks associated with dependence on a limited number of suppliers for certain components of our products;

•

risk that we are unable to maintain and enhance relationships with key resellers, partners and systems integrators; and

•

risk that use of our NOLs or other tax benefits may be restricted or eliminated in the future.

You should carefully review the section entitled “Risk Factors” beginning on page 4 of this prospectus and the other risk factors set forth in our periodic and other filings with the SEC, including those set forth in our Annual Report on Form 10-K for the year ended January 31, 2010, for a discussion of these and other risks that relate to our business and an investment in shares of our common stock. Investors are cautioned not to place undue reliance on forward-looking statements, which reflect our management’s view only as of the date of such statements. We make no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made, except as otherwise required under the federal securities laws. If we were in any particular instance to update or correct a forward-looking statement, investors and others should not conclude that we would make additional updates or corrections thereafter except as otherwise required under the federal securities laws.

RISK FACTORS

Investing in shares of our common stock involves a high degree of risk. You should carefully review the risks described below and the other risk factors set forth in our periodic and other filings with the SEC, including those set forth in our Annual Report on Form 10-K for the year ended January 31, 2010, together with the other information contained in and incorporated by reference into this prospectus, before making an investment decision. Our business, results of operations and financial condition may be materially and adversely affected due to any of these risks. The trading price of our shares could decline due to any of these risks, and you could lose all or part of your investment. Some risk factors in this section are “forward-looking statements.” See “Cautionary Note on Forward-Looking Statements.”

Risks Relating To Our Common Stock

We may not pay dividends on our common stock for the foreseeable future.

We intend to retain our earnings to support the development and expansion of our business, to repay debt and for other corporate purposes and, as a result, we do not plan to pay cash dividends on our common stock in the foreseeable future. Our payment of any future dividends will be at the discretion of our board of directors after taking into account various factors, including our financial condition, operating results, cash needs, growth plans and the terms of any credit facility or other restrictive debt agreements that we may be a party to at the time or senior securities we may have issued. Our current credit facility limits us from paying cash dividends or other payments or distributions with respect to our capital stock. In addition, the terms of any future facility or other restrictive debt credit agreement may contain similar restrictions on our ability to pay any dividends or make any distributions or payments with respect to our capital stock. In addition, holders of our outstanding preferred stock are entitled to cumulative dividends before any dividends may be declared or set aside on our common stock.

Furthermore, our ability to pay dividends to our stockholders is subject to the restrictions set forth under Delaware law. We cannot assure you that we will meet the criteria specified under Delaware law in the future, in which case we may not be able to pay dividends on our common stock even if we were to choose to do so.

The price of our common stock fluctuates significantly, and this may make it difficult for you to resell the common stock when you want to or at prices you find attractive.

There has been significant volatility in the market price and trading volume of equity securities, including our common stock, some of which is unrelated to the financial performance of the companies issuing the securities. The price for the shares of common stock being sold under this prospectus may not be indicative of prices that will prevail in the open market following your purchase of such shares. You may not be able to resell your shares at or above the price you paid due to fluctuations in the market price of our common stock caused by changes in our operating performance or prospects and other factors.

Some specific factors that may have a significant effect on our common stock market price include:

•

actual or anticipated quarterly fluctuations in our operating and financial results;

•

developments related to investigations, proceedings or litigation that involve us;

•

changes in financial estimates and recommendations by financial analysts;

•

dispositions, acquisitions, and financings;

•

actions of our current stockholders, including sales of our common stock by existing stockholders and our directors and executive officers;

•

success of competitive service offerings or technologies;

•

fluctuations in the stock price and operating results of our competitors;

•

investors’ general perception of us;

•

regulatory developments; and

•

developments related to the industries in which we compete.

Because our common stock has only been re-listed on the NASDAQ Global Market since July 6, 2010, we cannot predict the extent to which investor interest in our company will lead to the development of an active trading market on the NASDAQ Global Market or otherwise or how liquid that market might become. Unless there is an active trading market for our common stock, you may have difficulty selling any of our common stock that you purchase. Consequently, you may not be able to sell our common stock at prices equal to or greater than the price you paid.

If we or our stockholders sell substantial amounts of our common stock following the sale of the shares of common stock being sold under this prospectus, the market price of our common stock may decline.

We are not restricted from issuing additional shares of common stock, including shares issuable pursuant to securities that are convertible into or exchangeable for, or that represent the right to receive, common stock. Sales of shares of our common stock in the public market following the sale of the shares of common stock being sold under this prospectus, or the perception that these sales may occur, could cause the market price of our common stock to decline. We had 33,042,345 shares of common stock outstanding as of June 30, 2010. In addition, at June 30, 2010, 8,916,086 shares of our common stock (including 1,269,894 of the shares included in this prospectus which were acquired by the selling stockholders on July 2, 2010 and July 6, 2010) were issuable pursuant to outstanding stock options and awards which had not yet vested or which had been previously acquired upon vesting but had not yet been delivered. Moreover, if it were convertible at June 30, 2010, our outstanding preferred stock could be converted into 10,072,966 shares of our common stock. Additional shares of common stock underlying options and restricted stock units available to be granted in the future will become available for sale in the public market.

In addition, under two registration rights agreements that we entered into with Comverse, Comverse has registration rights, with respect to its common stock and preferred stock, and future offerings of our common stock could result in sales of significant amounts of our common stock.

Anti-takeover provisions in Delaware corporate law may make it difficult for our stockholders to replace or remove our current board of directors and could deter or delay third-parties from acquiring us, which may adversely affect the marketability and market price of our common stock.

We are subject to the anti-takeover provisions of Section 203 of the Delaware General Corporation Law. Under these provisions, if anyone becomes an “interested stockholder,” we may not enter into a “business combination” with that person for three years without special approval, which could discourage a third party from making a takeover offer and could delay or prevent a change of control. For purposes of Section 203, “interested stockholder” means, generally, someone owning more than 15% or more of our outstanding voting stock or an affiliate of ours that owned 15% or more of our outstanding voting stock during the past three years, subject to certain exceptions as described in Section 203.

Under any change of control, the lenders under our credit facilities would have the right to require us to repay all of our outstanding obligations under the facility. Upon the occurrence of a “Fundamental Change”, as defined by the Certificate of Designation setting forth the terms of the preferred stock, and which includes a change of control, the holders of our preferred stock have the right to require us to repurchase their shares of preferred stock at the then current liquidation preference (subject to certain exceptions set forth in the Certificate of Designation).

Holders of our preferred stock have liquidation and other rights that are senior to the rights of the holders of our common stock.

Our board of directors has the authority to designate and issue preferred stock that may have dividend, liquidation and other rights that are senior to those of our common stock. As of date of this prospectus, 293,000 shares of our preferred stock have been issued and are outstanding. Holders of our preferred stock are entitled to cumulative dividends before any dividends may be declared or set aside on our common stock. Upon our voluntary or involuntary liquidation, dissolution or winding up, before any payment is made to holders of our common stock, holders of our preferred stock are entitled to receive an initial liquidation preference of $1,000 per share, plus any accrued and unpaid dividends. This will reduce the remaining amount of our assets, if any, available to distribute to holders of our common stock.

USE OF PROCEEDS

We will not receive any proceeds from sales of the shares of our common stock covered by this prospectus by any of the selling stockholders. The proceeds from the sale of the common stock covered by this prospectus are solely for the accounts of the selling stockholders.

We will bear all costs, expenses and fees in connection with the registration of the shares. Brokerage commissions and similar selling expenses, if any, attributable to the offer or sale of the shares will be borne by the selling stockholders.

SELLING STOCKHOLDERS

This prospectus relates to shares of our common stock previously issued pursuant to the Plans to certain of our officers, directors and employees that are being registered for resale. All of the shares of common stock that may be resold pursuant to this prospectus were previously acquired by the selling stockholders upon the satisfaction of applicable vesting conditions relating to certain equity awards (i.e., the re-listing of our common stock on the NASDAQ Global Market and/or the passage of time).

The selling stockholders may resell any or all of such shares of common stock at any time they choose while this prospectus is effective. The inclusion in this prospectus of the officers, directors and employees named below who have acquired shares of our common stock under the Plans shall not be deemed to be an admission that any such individual is an “affiliate” of ours. There is no assurance that any of the selling stockholders will sell any or all of the shares of common stock covered by this prospectus.

Shares of Common Stock Offered for Resale by Officers and Directors

The following table sets forth the following information to the extent known to the Company as of July 6, 2010 with respect to the shares of common stock previously issued under the Plans held by each selling stockholder who is an officer or director of the Company:

•

the name of such selling stockholder and the principal position or positions with the Company held by such selling stockholder within the past three years;

•

the number and percentage of shares of our common stock such selling stockholder beneficially owned as of July 6, 2010;

•

the number of shares of our common stock to be offered for resale by such selling stockholder in this offering; and

•

the number and percentage of shares of our common stock to be beneficially owned by such selling stockholder after completion of this offering.

As used in following table, “beneficial ownership” is determined in accordance with Rule 13d-3 under the Exchange Act and means the sole or shared power to vote or direct the voting or to dispose or direct the disposition of any equity security. A person is deemed to be the beneficial owner of securities that he has the right to acquire within 60 days of July 6, 2010 through the exercise of any option, warrant or right.

The address of each selling stockholder listed in the following table is c/o Verint Systems Inc., 330 South Service Road, Melville, New York 11747.

				Shares of Common Stock								Shares of				Shares of Common Stock
				Beneficially Owned as of								Common				Beneficially Owned After the
				July 6, 2010 (1) (2)								Stock to be				Offering (1)(3)
Name		Position		Number				Percentage (4)				Sold				Number				Percentage (4)
Dan Bodner		President, Chief Executive Officer, Corporate Officer, and Director			592,383				1.7	%			227,074				365,309	(5)			1.0	%
Victor A. DeMarines		Director			34,000				*				17,000				17,000	(6)			*
Peter Fante		Chief Legal Officer, Chief Compliance Officer, Secretary, and Corporate Officer			128,029				*				76,794				51,235	(7)			*
Kenneth A. Minihan		Director			35,000				*				17,000				18,000	(8)			*
Elan Moriah		President, Verint Witness Actionable Solutions and Verint Video Intelligence Solutions and Corporate Officer			199,992				*				92,186				107,806	(9)			*
Larry F. Myers		Director			23,000				*				17,000				6,000	(10)			*

Shares of Common Stock

Shares of

Shares of Common Stock

Beneficially Owned as of

Common

Beneficially Owned After the

July 6, 2010 (1) (2)

Stock to be

Offering (1)(3)

Name

Position

Number

Percentage (4)

Sold

Number

Percentage (4)

David Parcell

Managing Director, Europe, the Middle East, and Africa, and Corporate Officer

111,701

*

63,561

48,140

(11)

*

Douglas E. Robinson

Chief Financial Officer and Corporate Officer

105,605

*

100,005

5,600

(12)

*

Howard Safir

Director

40,000

*

17,000

23,000

(13)

*

Meir Sperling

President, Verint Communications Intelligence and Investigative Solutions and Corporate Officer

221,922

*

102,030

119,892

(14)

*

Shares of Common Stock Offered for Resale by Non-Officer Employees

The following is a list of all non-officer employees, regardless of number of shares held, who previously acquired shares of our common stock in connection with the relisting of our common stock on the NASDAQ Global Market on July 6, 2010, pursuant to awards previously granted under the Plans. These non-officer employees may sell up to an aggregate of 1,083,484 shares of common stock, representing 3.1% of our issued and outstanding shares of common stock. This percentage of ownership is based on 33,042,345 shares of our common stock issued and outstanding as of June 30, 2010 plus an additional 1,505,326 of the shares of our common stock that may be offered pursuant to this prospectus that were acquired by the selling stockholders on July 2, 2010 and July 6, 2010 or shares which have been previously acquired upon vesting but have not yet been delivered, for a total of 34,547,671 shares.

Philip Ives		Thomas Lyerly		Colin Maurice Pope
Hugo Jacques		Fiona Bridget Lynch		Ken Porter
Guy Jacubovski		Tarun Mahajan		Sean Quigley
Ron Jenik		Genady Malinsky		Avi Rabinovich
Jay Jennings		Zahi Malki		Elad Rachamim
Alexander Steven Johnson		Michel J. Manche		Marc Racicot
Alush Joni		Louis Marchand		Fred Radley
Jeff D. Jue		Eran Marelly		Gaurav Rastogi
Steve Kaden		Hugo Martel		Serena Rayner
Rafael Kaduri		Roderick Matheson III		Shay Razon
Hitpreet Kang		Sheryl Mattison		Alexander Reizis
David Kashak		Mary Christine McAleer		Shahar Remets
Ronen Katav		John McCourt		Lance Richardson
Eyal Katz		Todd McDermott		John Ringelman
Ziv Katzir		Nick Alexander McLean		Carl David Robson
Dana Katznelson		Maureen E. McMahon		Matthew Robson
Nhevo Kaufman		Yossi Medina		Or Rochman
Ron Keidar		Nikola Meldrum		Daniel Rock
Persephone Keller		Yuval Meron		Alan J. Roden
Shimon Keren		Kevin Moore		Nita Rodriguez
Lior Kessel		Gilad Mor		Bryan Melvyn Rose
Giles King		James Moretti		Brigitte Routhier
Yaron Klein		Michel Morneau		Shaul Rudnitsky
Yaniv Knany		Erez Nadav		Kurt Rush
Nicholas Kocaj		Harish Nair		Elizabeth Russell
Jonathan Kohl		Paul Najdzin		Greg Ruzicka
Willie Kouncar		Joseph Neer		William Ryan
Greg Krebs		Nir Nehmad		Tom Sabga
Kevin Kurimsky		Yossi Nelkenbaum		Bernard Sarel
Adam Wan Fung Kwok		Christopher Nelson		William D. Schneider
Wai Chung Lam		Orna Neuman		Ann Marie Schumann
Charles Gregory Lampe		Kasey Newman		Craig Seebach
Ronen Lampert		Kimball Newman		Noam Seelenfreund
Arik Landau		James Nies		Ado Segal
Robert Lander		Roi Nobel		Ian Sephton
Jim Langley Sr.		Roy Nugent		Irit Shaaya-Segal
Athena Larsen		Efi Nuri		Manishkumar Rameschandra Shah
Erik Laurence		Robert Nyberg		Guy Shahmoon
Marco Leclerc		Jane O’Donnell		Naama Shalom
Chi Kin Lee		Johnathan Oelsner		Elad Sharon
Tibor Leibovitch		Yuval Ohana		Omer Shavit
Ilan Leizgold		Christopher Orr		Terry Sheehan
Brian Leslie		Yoni Osherov		Karim Shehadeh
Eli Lessel		William Pardue		Eran Shehori
Willy Chun Bong Leung		Rob Parkinson		Ariel Shemesh
Yan Lev		Dhiren Patel		Nick Shepherd
Eli Levi		Anne M Patton		Jim Sherring
Shai Levi		Norvel Patton		Gregory Sherry
I. Craig Levin		Paul Patton		Tal Shtauber
Golan Levy		Shefi Paz		Shlomit Shteyer
Shaked Levy		Noam Pelles		Wee Kiat Sim
Amanda Lewis		Jose Fortuna Penaredondo		Ziv Simhon
Vincent Licciardi		Nir Pery		David Singer
Leslie Linsner		Shlomo Pesach		Eli Sinianski
Shlomit Littig		Niv Peskin		Man Ho Sit
Haim Litvak		Krishna Pisipati		Damian Smith
Nataly Loewidt		Marcel Poirier		Robyn Smith

Yehuda Sorek		Gary S. Trudo		Wayne Willis
Barry Spielman		Shiu Hang Kenneth Tsang		Jon Wilson
Rodrigo Spinelli		Stephanie Turner		Rob Wint
Daniel Spohrer		Yossi Twizer		Christopher Wood
Kevin J. Steel		Shiri Tzuk		David Worthley
Oren Stern		Thomas D. Ulreich		Duane Sherrington Wright
Andre St-Jean		Yitzhak Vager		Gur Yaari
David Stone		Joseph P. Vidunas		Gadi Yair
Kevin Strange		Daniel Vitlis		Doron Yankovitch
Bradley Stratton		Brad Von Tersch		Trent Yarbrough
Edgar E. Suarez		Joanne Voorhees		Danny Yaron
Dana Sugarman		John Voyatzis		Aliaksei Yermakov
David Suttle		Helen Vuletin		Yossi Yitshaki
Ram Swery		Eran Wachman		Koby Yosef
Edward Syphers		Mohammed Waseem		Dganit Zahavi
Nimrod Tabenkin		Joseph Watson		Christopher L. Zaske
Shimi Tal		Lori Weight		Ruthi Zimmerman
Guy Tamir		Dikla Weininger		Amir Zipori
Erez Taoz		Daniel Weiss		Dror Daniel Ziv
Cheryle Tapp		Miki Weiss		Yoel Zmuckas
Ryan Tate		Zvi Weiss		Yoram Zohar
Nitzan Tau		Peter Weller		Eytan Zucker
Matthew Paul Tengwall		Steve Weller		Alexander Zur
Simon Thewes		Daniel Wensel		Dror Zur
Guy Toibin		Wynne Wilder		Ido Zur
Nancy Y. Treaster		Timothy Wilkie
Vladimir Trostyanetski		Jamie Williams

PLAN OF DISTRIBUTION

The selling stockholders have not advised us of any specific plan for the sale or distribution of the shares of common stock covered by this prospectus. If and when they occur, such sales may be made in any of the following manners:

•

On the NASDAQ Global Market (or through the facilities of any national securities exchange or U.S. inter-dealer quotation system of a registered national securities association on which shares of our common stock are then listed, admitted to unlisted trading privileges or included for quotation);

•

in public or privately negotiated transactions;

•

in transactions involving principals or brokers;

•

in a combination of such methods of sale; or

•

any other lawful methods.

Although sales of the shares of common stock covered by this prospectus are, in general, expected to be made at market prices prevailing at the time of sale, the shares may also be sold at prices related to such prevailing market prices or at negotiated prices, which may differ considerably.

When offering the shares of common stock covered by this prospectus, each of the selling stockholders and any broker-dealers who sell the shares for the selling stockholders may be “underwriters” within the meaning of the Securities Act, and any profits realized by such selling stockholders and the compensation of such broker-dealers may be underwriting discounts and commissions.

Sales through brokers may be made by any method of trading authorized by any stock exchange or market on which our common stock may be listed, including block trading in negotiated transactions. Without limiting the foregoing, such brokers may act as dealers by purchasing any or all of the shares of common stock covered by this prospectus, either as agents for others or as principals for their own accounts, and reselling such shares pursuant to this prospectus. The selling stockholders may effect such transactions directly, or indirectly through underwriters, broker-dealers or agents acting on their behalf. In connection with such sales, such broker-dealers or agents may receive compensation in the form of commissions, concessions, allowances or discounts, any or all of which might be in excess of customary amounts.

Each of the selling stockholders is acting independently of us in making decisions with respect to the timing, manner and size of each sale of shares. We have not been advised of any definitive selling arrangement at the date of this prospectus between any selling stockholder and any broker-dealer or agent.

To the extent required, the names of any agents, broker-dealers or underwriters and applicable commissions, concessions, allowances or discounts, and any other required information with respect to any particular offer of the shares by the selling stockholders, will be set forth in a prospectus supplement.

The expenses of preparing and filing this prospectus and the related registration statement with the SEC will be paid entirely by us. The selling stockholders have been advised that they are subject to the applicable provisions of the Exchange Act, including without limitation Rule 10b-5 thereunder.

Neither we nor the selling stockholders can currently estimate the amount of commissions or discounts, if any, that will be paid by the selling stockholders on account of their sales of the shares from time to time.

LEGAL MATTERS

The validity of the issuance of the shares of common stock offered in this prospectus will be passed upon for us by Jones Day, New York, New York.

EXPERTS

The consolidated financial statements, incorporated in this prospectus by reference from Verint Systems Inc.’s Annual Report on Form 10-K for the year ended January 31, 2010, and the effectiveness of Verint Systems Inc.’s internal control over financial reporting have been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their reports, which are incorporated herein by reference (which reports (1) express an unqualified opinion on the consolidated financial statements and include an explanatory paragraph relating to the adoption of new accounting guidance for the reporting and disclosure of noncontrolling interests, and (2) express an adverse opinion on the effectiveness of Verint Systems Inc.’s internal control over financial reporting because of material weaknesses). Such consolidated financial statements have been so incorporated in reliance upon the reports of such firm given upon their authority as experts in accounting and auditing.

INFORMATION INCORPORATED BY REFERENCE

The SEC allows us to incorporate by reference certain of our publicly filed documents into this prospectus, which means that we can disclose important business and financial information to you that is not included in or delivered with this prospectus by referring you to publicly filed documents that contain the omitted information. The information incorporated by reference is considered to be part of this prospectus, and any later information that we file with the SEC will automatically update and supersede this information. You will be deemed to have notice of all information incorporated by reference into this prospectus as if that information were included in this prospectus.

The following documents that we have filed with the SEC are incorporated herein by reference:

•

our Annual Report on Form 10-K for the year ended January 31, 2010, filed with the SEC on May 19, 2010;

•

our Quarterly Report on Form 10-Q for the quarterly period ended April 30, 2010, filed with the SEC on June 9, 2010;

•

our Current Reports on Form 8-K, filed with the SEC on February 4, 2010, February 23, 2010, March 3, 2010, March 22, 2010, April 21, 2010 and May 3, 2010; and

•

the description of our common stock, par value $0.001, per share, contained in our Registration Statement on Form 8-A, filed with the SEC on July 2, 2010.

Except as otherwise indicated, all documents we file with the SEC pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act subsequent to the date of this prospectus and prior to the filing of a post-effective amendment that indicates that all securities offered have been sold or that deregisters all securities then remaining unsold will be deemed to be incorporated by reference into this prospectus and to be part hereof from the date of filing of such documents. Any statement contained in any document incorporated or deemed to be incorporated by reference herein will be deemed to be modified or superseded for purposes of this prospectus to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded will not be deemed, except as modified or superseded, to constitute a part of this prospectus. This prospectus is part of a Registration Statement on Form S-8 that we filed with the SEC and does not contain all of the information set forth in that Registration Statement.

We will provide, free of charge, to any person to whom a copy of this prospectus is delivered, upon written or oral request, a copy of any or all of the documents incorporated by reference into this prospectus, other than exhibits to those documents unless specifically incorporated by reference. To request a copy of those documents, you should contact us at the address set forth below under “Where You Can Find Additional Information.”

WHERE YOU CAN FIND ADDITIONAL INFORMATION

We file annual, quarterly and current reports, proxy statements and other information with the SEC. The SEC allows us to incorporate by reference the information we file with them, which means that we can disclose important business and financial information to you that is not included in or delivered with this prospectus by referring you to publicly filed documents that contain the omitted information. We provide a list of all documents we incorporate by reference into this prospectus under “Information Incorporated by Reference” above.

Through our website at www.verint.com, we make available the information that we incorporate by reference into this prospectus, as well as other reports, proxy statements and other information that we file with the SEC. You may also read and copy those materials at the SEC’s Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549. Please call the SEC at (800) SEC-0330 for further information on the operation of the Public Reference Room. In addition, we are required to file electronic versions of those materials with the SEC through the SEC’s EDGAR system. The SEC maintains a website at www.sec.gov that contains reports, proxy statements and other information that registrants, such as we, file electronically with the SEC. Our website address set forth above is not intended to be an active link, and information on our website is not incorporated in, and should not be construed to be a part of, this prospectus.

Each person to whom a prospectus is delivered may also request a copy of those materials, free of charge, by contacting us at the following address:

Verint Systems Inc.
330 South Service Road
Melville, New York 11747
(631) 962-9600
Attn: Corporate Secretary

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3. Incorporation of Documents by Reference.

The following documents filed by the Company with the Commission are incorporated herein by reference:

•

the Company’s Annual Report on Form 10-K for the year ended January 31, 2010, filed with the Commission on May 19, 2010;

•

the Company’s Quarterly Report on Form 10-Q for the quarterly period ended April 30, 2010, filed with the Commission on June 9, 2010;

•

the Company’s Current Reports on Form 8-K, filed with the Commission on February 4, 2010, February 23, 2010, March 3, 2010, March 22, 2010, April 21, 2010 and May 3, 2010; and

•

the description of the Company’s common stock, par value $0.001, per share, contained in the Registrant’s Registration Statement on Form 8-A, filed with the Commission on July 2, 2010.

All documents filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), subsequent to the date of this Registration Statement and prior to the filing of a post-effective amendment that indicates that all securities offered have been sold or which deregisters all securities then remaining unsold will be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of such documents. Any statement contained in any document incorporated or deemed to be incorporated by reference herein will be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded will not be deemed, except as modified or superseded, to constitute a part of this Registration Statement.

Item 4. Description of Securities.

Not applicable.

Item 5. Interests of Named Experts and Counsel.

Not applicable.

Item 6. Indemnification of Directors and Officers.

Section 102 of the Delaware General Corporation Law (the “DGCL”) allows a corporation to eliminate the personal liability of directors of a corporation to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except where the director breached the duty of loyalty, failed to act in good faith, engaged in intentional misconduct or knowingly violated a law, authorized the payment of a dividend or approved a stock repurchase in violation of the DGCL or obtained an improper personal benefit.

Section 145 of the DGCL provides, among other things, that the Company may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding other than an action by or in the right of the Company, by reason of the fact that the person is or was a director, officer, agent or employee of the Company, or is or was serving at the Company’s request as a director, officer, agent or employee of another corporation, partnership, joint venture, trust or other enterprise, against expenses, including attorneys’ fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by the person in connection with such action, suit or proceeding, if such person acting in good faith and in a manner he or she reasonably believed to be in the best interest, or not opposed to the best interest, of the Company, and with respect to any criminal action or proceeding had no reasonable cause to believe his or her conduct was unlawful. The power to indemnify applies to actions brought by or in the right of the Company as well, but only to the extent of defense expenses, including attorneys’ fees, actually and reasonably incurred in connection with the defense or settlement of such action or suit, and with the further limitation that in such actions no indemnification shall be made in respect of any claim, issue or matter as to which any person shall have been adjudged liable to the Company, unless the court believes that in light of all the circumstances indemnification should apply. Furthermore, under the DGCL, if such person is successful on the merits or otherwise in the defense of any action referred to above, or in the defense of any claim, issue or matter therein, such person shall be indemnified against expenses (including attorneys’ fees) actually and reasonably incurred by such person in connection therewith.

Section 174 of the DGCL provides, among other things, that a director, who willfully or negligently approves of an unlawful payment of dividends or an unlawful purchase or redemption of stock, may be held liable for such actions. A director who was either absent when the unlawful actions were approved or dissented at the time, may avoid liability by causing his or her dissent to such actions to be entered in the books containing minutes of the meetings of the board of directors at the time such action occurred or immediately after such absent director receives notice of the unlawful acts.

The above is a general summary of certain indemnity provisions of the DGCL and is subject, in all cases, to the specific and detailed provisions of the Sections referenced herein.

As permitted by the DGCL, our certificate of incorporation includes a provision to eliminate the personal liability of our directors for monetary damages for breach or alleged breach of their fiduciary duties as directors, subject to limited exceptions. Our certificate of incorporation also provides that every person who is or was our director, officer, employee or agent or is or was a director, officer, employee or agent of any other enterprise, serving as such at our request, shall be indemnified to the fullest extent permitted by law for all expenses and liabilities actually and reasonably incurred in connection with any proceeding involving such person in this capacity. The Company has also entered into an indemnification agreement with each of its directors and officers under which the Company agreed to provide indemnification and expense reimbursement as outlined above.

The Company has agreed to indemnify Comverse Technology, Inc. (“Comverse”) and its directors, officers, employees and agents against any liabilities arising out of any claim that any provision of the business opportunities agreement, entered into by the Company and Comverse, breaches any duty that may be owed to the Company by Comverse or any such person.

The Company has provided directors’ and officers’ liability insurance coverage for the Company’s officers and directors since 2006. Previously, Comverse obtained directors’ and officers’ liability insurance which also provided coverage for the Company’s officers and directors under a Corporate Services Agreement entered into by the Company and Comverse.

Each of the Company’s directors who is also a director and/or officer of Comverse has an indemnification agreement with Comverse. Under this agreement Comverse has agreed to indemnify such person against losses and expenses, to the extent permitted by law, incurred by such person in connection with his service as director and/or officer of Comverse or any of its subsidiaries, including the Company.

Item 7. Exemption from Registration Claimed.

As previously disclosed, as a result of the Company’s inability to file required reports with the Commission during the Company’s extended filing delay period, the Company previously ceased using its existing registration statements on Form S-8 to make equity grants to employees. On May 24, 2007, the Company received a no-action letter from the Commission upon which the Company relied to make broad-based equity grants to employees under a no-sale theory. The Company has also made equity grants to directors, executive officers and certain other non-officer executives who qualify as accredited investors in reliance upon the exemption from registration provided by Regulation D of the Securities Act of 1933. All of the shares of common stock that may be offered pursuant to this registration statement were acquired by the selling stockholders upon the grant of restricted stock pursuant to an applicable private placement exemption or the vesting of equity awards issued pursuant to the no-sale theory or an applicable private placement exemption.

Item 8. Exhibits.

						Filed Herewith /
						Incorporated by Reference
Number				Description		from
	4.1			Amended and Restated Certificate of Incorporation of Verint Systems Inc.		Form S-1 (Commission File No. 333-82300) effective on May 16, 2002
	4.2			Certificate of Designation, Preferences and Rights of the Series A Convertible Perpetual Preferred Stock		Form 8-K filed on May 30, 2007 8-K
	4.3			Amended and Restated By-laws of Verint Systems Inc.		Form 10-K filed on March 17, 2010
	4.4			Specimen Common Stock certificate		Form S-1 (Commission File No. 333-82300) effective on May 16, 2002
	4.5			Specimen Series A Convertible Perpetual Preferred Stock certificate		Form 10-K filed on March 17, 2010
	4.6			Verint Systems Inc. Stock Incentive Compensation Plan (as amended through December 12, 2002)		Form 10-K filed on May 1, 2003
	4.7			Amendment No. 1 to Verint Systems Inc. Stock Incentive Compensation Plan (dated December 23, 2008)		Form 10-K filed on March 17, 2010
	4.8			Amendment No. 2 to Verint Systems Inc. Stock Incentive Compensation Plan (dated March 4, 2009)		Form 10-K filed on March 17, 2010
	4.9			Verint Systems Inc. 2004 Stock Incentive Compensation Plan, as amended and restated		Form 8-K filed on January 10, 2006
	4.10			Amendment No. 1 to Verint Systems Inc. 2004 Stock Incentive Compensation Plan, as amended and restated (dated December 23, 2008)		Form 10-K filed on March 17, 2010
	4.11			Witness Systems Amended and Restated Stock Incentive Plan		Witness Systems, Inc. Form 10-Q filed on August 9, 2005
	4.12			Amendment No. 1 to Witness Systems Amended and Restated Stock Incentive Plan (dated May 29, 2001)		Witness Systems, Inc. Form 10-K filed on March 17, 2006
	4.13			Amendment No. 2 to Witness Systems Amended and Restated Stock Incentive Plan (dated January 15, 2004)		Witness Systems, Inc. Form 10-K filed on March 15, 2004
	4.14			Amendment No. 3 to Witness Systems Amended and Restated Stock Incentive Plan (dated December 6, 2007)		Form 10-K filed on March 17, 2010
	4.15			Amendment No. 4 to Witness Systems Amended and Restated Stock Incentive Plan (dated December 23, 2008)		Form 10-K filed on March 17, 2010
	5.1			Opinion of Jones Day		Filed Herewith
	23.1			Consent of Deloitte & Touche LLP		Filed Herewith
	23.2			Consent of Jones Day (included in Exhibit 5.1)		Filed Herewith

Item 9. Undertakings.

(a) The undersigned Registrant hereby undertakes:

(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

(i) to include any prospectus required by Section 10(a)(3) of the Securities Act;

(ii) to reflect in the prospectus any facts or events arising after the effective date of this registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement; and

(iii) to include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in this registration statement;

provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the registration statement is on Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this registration statement.

(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time will be deemed to be the initial bona fide offering thereof.

(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(b) The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant’s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this registration statement will be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time will be deemed to be the initial bona fide offering thereof.

(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Melville, State of New York, on this 6th day of July, 2010.

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

/s/ Dan Bodner   Dan Bodner, Chief Executive Officer and President; Director of Verint Systems Inc. (Principal Executive Officer)		July 6, 2010
/s/ Douglas E. Robinson   Douglas E. Robinson, Chief Financial Officer of Verint Systems Inc. (Principal Financial Officer and Principal Accounting Officer)		July 6, 2010
/s/ Paul D. Baker   Paul D. Baker, Director of Verint Systems Inc.		July 6, 2010
/s/ John Bunyan   John Bunyan, Director of Verint Systems Inc.		July 6, 2010
/s/ Andre Dahan   Andre Dahan, Chairman of the Board of Directors of Verint Systems Inc.		July 6, 2010
/s/ Victor A. DeMarines   Victor A. DeMarines, Director of Verint Systems Inc.		July 6, 2010
/s/ Kenneth A. Minihan   Kenneth A. Minihan, Director of Verint Systems Inc.		July 6, 2010

/s/ Larry Myers   Larry Myers, Director of Verint Systems Inc.		July 6, 2010
/s/ Howard Safir   Howard Safir, Director of Verint Systems Inc.		July 6, 2010
/s/ Shefali Shah   Shefali Shah, Director of Verint Systems Inc.		July 6, 2010
/s/ Stephen M. Swad   Stephen M. Swad, Director of Verint Systems Inc.		July 6, 2010
/s/ Lauren Wright   Lauren Wright, Director of Verint Systems Inc.		July 6, 2010

EXHIBIT INDEX

						Filed Herewith /
						Incorporated by Reference
Number				Description		from
	4.1			Amended and Restated Certificate of Incorporation of Verint Systems Inc.		Form S-1 (Commission File No. 333-82300) effective on May 16, 2002
	4.2			Certificate of Designation, Preferences and Rights of the Series A Convertible Perpetual Preferred Stock		Form 8-K filed on May 30, 2007 8-K
	4.3			Amended and Restated By-laws of Verint Systems Inc.		Form 10-K filed on March 17, 2010
	4.4			Specimen Common Stock certificate		Form S-1 (Commission File No. 333-82300) effective on May 16, 2002
	4.5			Specimen Series A Convertible Perpetual Preferred Stock certificate		Form 10-K filed on March 17, 2010
	4.6			Verint Systems Inc. Stock Incentive Compensation Plan (as amended through December 12, 2002)		Form 10-K filed on May 1, 2003
	4.7			Amendment No. 1 to Verint Systems Inc. Stock Incentive Compensation Plan (dated December 23, 2008)		Form 10-K filed on March 17, 2010
	4.8			Amendment No. 2 to Verint Systems Inc. Stock Incentive Compensation Plan (dated March 4, 2009)		Form 10-K filed on March 17, 2010
	4.9			Verint Systems Inc. 2004 Stock Incentive Compensation Plan, as amended and restated		Form 8-K filed on January 10, 2006
	4.10			Amendment No. 1 to Verint Systems Inc. 2004 Stock Incentive Compensation Plan, as amended and restated (dated December 23, 2008)		Form 10-K filed on March 17, 2010
	4.11			Witness Systems Amended and Restated Stock Incentive Plan		Witness Systems, Inc. Form 10-Q filed on August 9, 2005
	4.12			Amendment No. 1 to Witness Systems Amended and Restated Stock Incentive Plan (dated May 29, 2001)		Witness Systems, Inc. Form 10-K filed on March 17, 2006
	4.13			Amendment No. 2 to Witness Systems Amended and Restated Stock Incentive Plan (dated January 15, 2004)		Witness Systems, Inc. Form 10-K filed on March 15, 2004
	4.14			Amendment No. 3 to Witness Systems Amended and Restated Stock Incentive Plan (dated December 6, 2007)		Form 10-K filed on March 17, 2010
	4.15			Amendment No. 4 to Witness Systems Amended and Restated Stock Incentive Plan (dated December 23, 2008)		Form 10-K filed on March 17, 2010
	5.1			Opinion of Jones Day		Filed Herewith
	23.1			Consent of Deloitte & Touche LLP		Filed Herewith
	23.2			Consent of Jones Day (included in Exhibit 5.1)		Filed Herewith

EXHIBIT 5.1

JONES DAY

222 EAST 41ST STREET • NEW YORK • NEW YORK 10017-6702

TELEPHONE: (212) 326-3939 • FACSIMILE: (212) 755-7306

July 6, 2010

Verint Systems Inc.
330 South Service Road
Melville, New York 11747

Re:		Registration Statement on Form S-8 Filed by Verint Systems Inc.

Ladies and Gentlemen:

We have acted as counsel for Verint Systems Inc., a Delaware corporation (the “Company”), in connection with the resale by certain selling stockholders of (i) 157,086 restricted shares (the “Equity Incentive Plan Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), granted pursuant to the Verint Systems Inc. Stock Incentive Compensation Plan, as amended (the “Equity Incentive Plan”), (ii) 1,250,024 restricted shares (the “2004 Plan Shares”) of the Company’s Common Stock granted pursuant to the Verint Systems Inc. 2004 Stock Incentive Compensation Plan, as amended (the “2004 Plan”), and (iii) 406,024 restricted shares (the “Witness Plan Shares” and, together with the Equity Incentive Plan Shares and the 2004 Plan Shares, the “Shares”) of the Company’s Common Stock granted pursuant to the Witness Systems, Inc. Amended and Restated Stock Incentive Plan, as amended (the “Witness Plan” and, together with the Equity Incentive Plan and the 2004 Plan, the “Plans”).

In connection with the opinion expressed herein, we have examined such documents, records and matters of law as we have deemed relevant or necessary for purposes of this opinion. Based on the foregoing, and subject to the further limitations, qualifications and assumptions set forth herein, we are of the opinion that the Shares have been duly authorized and are, or will be when issued and delivered in accordance with the Plans and the applicable award agreements, validly issued, fully paid and nonassessable.

The opinion expressed herein is limited to the General Corporation Law of the State of Delaware, including the applicable provisions of the Delaware Constitution and the reported judicial decisions interpreting such law, in each case as currently in effect, and we express no opinion as to the effect of the laws of any other jurisdiction.

We hereby consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement on Form S-8 filed by the Company to effect registration of the Shares under the Securities Act of 1933 (the “Act”). In giving such consent, we do not thereby admit that we are included in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Securities and Exchange Commission promulgated thereunder.

EXHIBIT 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We consent to the incorporation by reference in this Registration Statement on Form S-8 of our reports dated May 18, 2010, relating to the consolidated financial statements of Verint Systems Inc. (which report expresses an unqualified opinion and includes an explanatory paragraph relating to the adoption of new accounting guidance for the reporting and disclosure of noncontrolling interests), and the effectiveness of Verint Systems Inc.’s internal control over financial reporting (which report expresses an adverse opinion on the effectiveness of Verint Systems Inc.’s internal control over financial reporting because of material weaknesses), appearing in the Annual Report on Form 10-K of Verint Systems Inc. for the year ended January 31, 2010.

/s/ DELOITTE & TOUCHE LLP

New York, New York
July 6, 2010