BMO Bank of Montreal Selects Verint ULTRA Solution.

MELVILLE, N.Y. -- Financial Services Provider Will Use ULTRA and its Advanced Analytics to Support Customer Service Initiatives Across its Four Networked Contact Centers

Verint Systems Inc. (NASDAQ: VRNT), a leading provider of analytic software-based solutions for communications interception, networked video security and business intelligence, today announced that BMO Bank of Montreal (NYSE, TSX: BMO) has selected the Verint(R) ULTRA(TM) Solution for its four networked contact centers that support the Bank's Credit Card and Direct Banking operations in North America.

BMO Bank of Montreal is one of the largest financial services providers in North America. With assets of more than $294 billion and 33,000 employees, BMO provides retail banking, wealth management and investment banking products and solutions to more than 8.5 million customers across Canada and the United States.

"BMO Bank of Montreal is committed to delivering a high value service experience to our customers by offering them secure, convenient and flexible banking solutions that fit their lives," said Kathy Silmser, Senior Vice-President, Cardholder Services for BMO Bank of Montreal. "ULTRA and its speech analytics will enable us to leverage the intelligence from our interactions with customers to better understand their needs, enhance satisfaction with our products and services, and further strengthen the quality of relationships that we enjoy with them."

ULTRA and its Analytics suite drives total quality by enabling organizations of all sizes to cost effectively capture all customer interactions and extract actionable intelligence from telephone, Voice-over-IP, email, chat or agent assisted co-browsing contacts. Easy access to all customer data through ULTRA's Web-based desktop portal enables enterprises to use what they learn from customer contacts to optimize their processes, increase productivity, comply with risk management requirements and improve service to their customers.

"We are pleased to welcome BMO Bank of Montreal to our growing portfolio of financial services companies," said Dan Bodner, Verint's CEO and President. "ULTRA is designed to enable large, multi-site enterprises generate actionable intelligence to help enhance customer service and increase customer loyalty."

About Verint Systems Inc.

Verint Systems Inc., headquartered in Melville, New York, is a leading provider of analytic software-based solutions for communications interception, networked video security and business intelligence. Verint software, which is used by over 1,000 organizations in over 50 countries worldwide, generates actionable intelligence through the collection, retention and analysis of voice, fax, video, email, Internet and data transmissions from multiple communications networks. Verint is a subsidiary of Comverse Technology, Inc. (NASDAQ: CMVT). Visit us at our website www.verint.com.

Note: Certain statements concerning Verint's future revenues, earnings per share, results or prospects are "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. There can be no assurances that forward-looking statements will be achieved, and actual results could differ materially from forecasts and estimates. Important risks, uncertainties and other important factors that could cause actual results to differ materially include, among others: changes in the demand for Verint's products; further decline in information technology spending; risks associated with acquiring and integrating the assets and business acquired from ECtel and RP Security, including products and technologies, as well as retaining key employees and customers, which could result in a substantial diversion of management resources, the incurrence of contingent liabilities, amortization of certain identifiable intangible assets, research and development write-offs and other acquisition-related expenses; the uncertainty of customer acceptance of Verint's products; aggressive competition may force Verint to reduce prices; Verint's lengthy and variable sales cycle makes it difficult to predict operating results; dependence on contracts with governments for a significant portion of Verint's revenues; inability to expand gross margin by reducing hardware in its product offerings; markets for Verint's products failing to develop; risks that Verint's intellectual property rights may not be adequate to protect its business; risks associated with rapidly changing technology and the ability of Verint to introduce new products on a timely and cost-effective basis; inability to maintain relationships with value added resellers and systems integrators; risks associated with Verint's ability to retain existing personnel and recruit and retain qualified personnel; risks associated with changes in the competitive or regulatory environment in which Verint operates; risks associated with significant foreign operations, including fluctuations in foreign currency exchange rates; risks associated with Comverse Technology, Inc. controlling Verint's business and affairs; and other risks described in filings with the Securities and Exchange Commission. All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov or from Verint's website at www.verint.com. Verint makes no commitment to revise or update any forward-looking statements.

Verint, the Verint word mark, Actionable Intelligence, Powering Actionable Intelligence, STAR-GATE, RELIANT, LORONIX, SmartSight, Lanex and ULTRA are trademarks of Verint Systems Inc. Other names may be trademarks of their respective owners.