EXHIBIT 99.1
                                                                    ------------

Verint Logo
[GRAPHIC OMITTED]


PRESS RELEASE

CONTACT

INVESTOR RELATIONS
Alan Roden
Verint Systems Inc.
 (631) 962-9304
alan.roden@verint.com


                VERINT GRANTED CONTINUED LISTING BY NASDAQ PANEL

MELVILLE, NY, June 28, 2006 - Verint Systems Inc. (Nasdaq: VRNT) (the "Company"
or "Verint") today announced that the Nasdaq Listing Qualifications Panel (the
"Panel") has granted the Company's request for continued listing on The Nasdaq
National Market in a letter dated June 27, 2006. The Panel granted the Company's
request for continued listing subject to the requirement that the Company file
its Annual Report on Form 10-K for the fiscal year ended January 31, 2006 by
August 18, 2006 and that, by no later than August 25, 2006, it file its
Quarterly Report on Form 10-Q for the Quarter ended April 30, 2006 and its
Current Report on Form 8-K/A, amending the Current Report on Form 8-K dated
January 9, 2006 to include the financial information required by Form 8-K in
connection with the January 9, 2006 acquisition by the Company of MultiVision
Intelligence Surveillance Limited's networked video security business. In the
event the Company is unable to meet these deadlines, there can be no assurance
that the Panel will grant an extension or that the Company's securities will
remain listed on The Nasdaq Stock Market.

ABOUT VERINT SYSTEMS INC.
Verint(R) Systems Inc., headquartered in Melville, New York, is a leading
provider of analytic software-based solutions for 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





VERINT GRANTED CONTINUED LISTING BY NASDAQ PANEL
JUNE 28, 2006
PAGE 2


include, among others: potential impact on Verint's financial results related to
Comverse's creation of a special committee of the Board of Directors of Comverse
to review matters relating to grants of Comverse stock options, including but
not limited to, the accuracy of the stated dates of Comverse option grants and
whether Comverse followed all of its proper corporate procedures and the results
of the Comverse special committee's review; the effect of Verint's failure to
timely file all required reports under the Securities Exchange Act of 1934, and
the resultant potential delisting of Verint's common stock from Nasdaq;
introducing quality products on a timely basis that satisfy customer
requirements and achieve market acceptance; lengthy and variable sales cycles
create difficulty in forecasting the timing of revenue; integrating the business
and personnel of CM Insight; risks associated with significant foreign
operations, including fluctuations in foreign currency exchange rates;
aggressive competition in all of Verint's markets, which creates pricing
pressure; integrating the business and personnel of MultiVision, including
implementation of adequate internal controls; managing our expansion in the Asia
Pacific region; risks that Verint's intellectual property rights may not be
adequate to protect its business or that others may claim that Verint infringes
upon their intellectual property rights; risks associated with integrating the
business and employees of Opus and RP Sicherheissysteme GMBH; risks associated
with Verint's ability to retain existing personnel and recruit and retain
qualified personnel in all geographies in which Verint operates; decline in
information technology spending; changes in the demand for Verint's products;
challenges in increasing gross margins; risks associated with changes in the
competitive or regulatory environment in which Verint operates; dependence on
government contracts; expected increase in Verint's effective tax rate;
perception that Verint improperly handles sensitive or confidential information;
inability to maintain relationships with value added resellers and systems
integrators; difficulty of improving Verint's infrastructure in order to be able
to continue to grow; 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 except as
otherwise required by law.

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