Verint Only Vendor Recognized by Gartner in the 2020 Magic Quadrants for the CRM Customer Engagement Center and Workforce Engagement Management

Verint^® Systems Inc. (Nasdaq: VRNT), The Customer Engagement Company^tm, today announced its recognition in Gartner, Inc.'s Magic Quadrant for the CRM Customer Engagement Center* (CEC) report, published June 4, 2020, by the research and advisory firm. In addition to being recognized in this report, the firm also named Verint a Leader in its Magic Quadrant for Workforce Engagement Management** (WEM) research earlier this year.

In this month's CEC report, Verint was evaluated on 15 criteria across two key areas?ability to execute and completeness of vision?for its Engagement Managementtm offering, including employee desktop, knowledge management and many other applications, as part of the company's broader Customer Engagementtm portfolio.

In the report, Gartner predicts that by 2023, 30% of customer service organizations will deliver proactive customer service using artificial intelligence (AI), process orchestration and continuous intelligence.

Verint's comprehensive Customer Engagement solutions leverage artificial intelligence, automation and the cloud to provide customer interaction and workflow capabilities as well as advanced analytics that enable organizations to strike the right balance between elevating the customer experience and improving operational efficiency across both assisted and self-service channels.

Gartner CEC report analysts, Brian Manusama and Nadine LeBlanc state, "Customer service and support organizations must deliver consistent, effortless, intelligent and personalized customer service experiences. In order to fulfill that ambition, they should use the four technology pillars of great customer service ? getting connected, process orchestration, knowledge and insight, and resource management."

"Once again this year, we are pleased to be the only provider to have customer engagement solutions recognized in both Gartner reports," says Verint's President, Elan Moriah. "Verint is an innovator in artificial intelligence and analytics and a visionary in customer engagement. Leading organizations across industries and around the world turn to Verint to help them balance an improved customer experience with greater operational efficiency as competitive differentiators and fuel their evolution toward modern customer engagement."

*Source: Gartner, Inc. Magic Quadrant for the CRM Customer Engagement Center by Brian Manusama and Nadine LeBlanc, June 4, 2020.

**Source: Gartner, Inc. Magic Quadrant for Workforce Engagement Management by Jim Davies and Jim Robinson, February 20, 2020

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Verint Systems Inc.

Verint^® (Nasdaq: VRNT) is a global leader in Actionable Intelligence^® solutions with a focus on customer engagement optimization and cyber intelligence. Today, over 10,000 organizations in more than 180 countries?including over 85 percent of the Fortune 100?count on intelligence from Verint solutions to make more informed, effective and timely decisions. Learn more about how we're creating A Smarter World with Actionable Intelligence^® at www.verint.com.

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. 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 our Annual Report on Form 10-K for the fiscal year ended January 31, 2020, our Quarterly Report on Form 10-Q for the quarter ended April 30, 2020, and other filings we make 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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