Verint history

Because of the discreet nature of the product, AudioDisk was not as well known as Trilogue, and in February 1994 that entire surveillance business was broken off and housed in a new subsidiary called Interactive Information Systems Corporation.

Aside from law enforcement and intelligence agencies, AudioDisk also found customers in the private sector, as companies used the Ultra product, launched in April 1996, for internal uses, such as monitoring incoming calls and the activities of call center representatives.

On January 27, 1997, Comverse Technology Inc. announced the formation of a new private equity fund in partnership with Quantum Industrial Holdings Ltd.

On June 7, 1999, the company released an Internet Call Waiting service.

Acquired in July 2000 was Loronix Information Systems, Inc., a company that developed software-based digital video recording, networking, and live Internet video streaming technology.

An opportunity arose following the terrorist attacks against the United States on September 11, 2001, when the need for all manner of security products increased dramatically.

Although the unit was narrowing its losses, it still lost $4.6 million on $131.2 million in revenues in 2002, which ended on January 31 of that year.

The company used some of its higher-price stock in a $10 million deal to purchase Montreal-based SmartSight Networks Inc. in May 2003, in keeping with a strategy to acquire companies possessing complementary technologies that would broaden Verint's product offerings.

More strategic acquisitions followed in 2004.

Sales continued to build, approaching $250 million in 2005, while net income improved to $19 million.

In July 2008 Amit Bohensky founded Focal-Info, a software company focused on web data extraction and analytics.

In July 2009, AMR Research ranked Verint 20th in its list of the top 50 global enterprise application vendors.

A subsequent acquisition was of Iontas, in early 2010, a provider of desktop analytics solutions.