[July 06, 2016]

Verint Presents Engage 2016 Global Customer Awards, Recognizing Blue Cross® Blue Shield® of Michigan, Humana Pharmacy and Answer Financial

Verint^® Systems Inc. (Nasdaq: VRNT) today announced Blue Cross Blue Shield of Michigan and Humana Pharmacy have been named dual winners of its 2016 Engage Global Customer Awards Program in the "Optimizing the Workforce" category. In addition, Answer Financial received the "Highly Commendable" honor in the same category. The awards were announced at the Verint Engage^™ 2016 Global Customer Conference that took place last week at the Hilton Chicago.

Winner: Blue Cross Blue Shield of Michigan

Blue Cross Blue Shield of Michigan's David Westphal, director, workforce optimization, and Melissa Crumbey, manager, workforce optimization, have been driving forces behind the organization's deployment of Verint (News - Alert) Workforce Optimization^™ in back-office areas. Leveraging the solution, and other technology and business process advancements, BCBS Michigan has improved service and achieved lower administrative costs. The solution has helped its claims and enrollment workforce through processor productivity gains and by establishing and implementing best practice processes that foster the delivery of superior service for its nearly five million members and more than 70 million claims processed each year. Additionally, Westphal and Crumbey have helped BCBS Michigan reduce idle time, achieve service-level performance requirements, and eliminate the need to replace an internal productivity tracking tool.

Winner: Humana Pharmacy

Humana Pharmacy's Brandon Baird, director, workforce management, and Joe Bechtel, manager, workforce management, also were named winners in the "Optimizing the Workforce" category. Over the past five years, Humana Pharmacy has leveraged Verint Workforce Management^™ and Desktop and Process Analytics^™ to successfully optimize schedules, develop scorecards and enhance coaching,which has led to significant quality improvements and cost savings. These solutions have helped increase productivity/cost measures by more than 10 percent, and enriched service to customers through improvements in key service level measures. In addition, using time entry data captured from Verint, Humana Pharmacy built a tool that allows leaders to educate and coach employees on the effectiveness of time and SLAs. From the inception of the tool, the organization has seen a five to eight percent increase in productivity rates.

Highly Commendable: Answer Financial

The Answer Financial workforce management team received the "Highly Commendable" honor for its contributions in maintaining high levels of customer and employee satisfaction. Using Verint Workforce Optimization, Answer Financial provides its agents with a greater level of control over their scheduling, including such aspects as moving shifts, splitting shifts and using time off.

"Congratulations to all of our winners in the workforce optimization category," says Ryan Hollenbeck, senior vice president, global marketing, Verint. "As our customers extend their WFO deployments to other parts of the enterprise, we're enabling them to realize the full benefits of Verint solutions and transform the way they engage with their customers."

About Engage 2016

The Verint Engage Global Customer Conference is dedicated to exploring the drive toward customer engagement optimization; the critical roles an organization's contact center, branch and back-office operations departments play in shaping the customer experience; the opportunities and challenges the industry holds; and key trends and practices for achieving business goals and competitive advantage. Learn more by clicking here.

About Verint Systems Inc.

Verint^® (Nasdaq: VRNT) is a global leader in Actionable Intelligence^® solutions with a focus on customer engagement optimization, security intelligence, and fraud, risk and compliance. Today, more than 10,000 organizations in 180 countries-including over 80 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, 2016, our Quarterly Report on Form 10-Q for the quarter ended April 30, 2016, and other filings we make with the SEC (News - Alert). 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.

VERINT, ACTIONABLE INTELLIGENCE, MAKE BIG DATA ACTIONABLE, CUSTOMER-INSPIRED EXCELLENCE, INTELLIGENCE IN ACTION, IMPACT 360, WITNESS, VERINT VERIFIED, KANA, LAGAN, VOVICI, GMT, VICTRIO, AUDIOLOG, CONTACT SOLUTIONS, ENTERPRISE INTELLIGENCE SOLUTIONS, SECURITY INTELLIGENCE SOLUTIONS, VOICE OF THE CUSTOMER ANALYTICS, NEXTIVA, EDGEVR, RELIANT, VANTAGE, STAR (News - Alert)-GATE, ENGAGE, CYBERVISION, FOCALINFO, SUNTECH, and VIGIA are trademarks or registered trademarks of Verint Systems Inc. or its subsidiaries. Other trademarks mentioned are the property of their respective owners.

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