EXHIBIT 99.1
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Explanation of Responses:

(1)  Assumes conversion on the date of this report. However, the Series A
     Convertible Perpetual Preferred Stock will not have conversion rights or
     voting rights until the underlying shares of Verint Common Stock are
     authorized by a majority vote of Verint's stockholders. Following
     authorization of the underlying shares, each share of Series A Convertible
     Perpetual Preferred Stock will be convertible at the option of the holder
     thereof into a number of shares of Verint Common Stock equal to the
     liquidation preference then in effect divided by the conversion price then
     in effect, which will initially be $32.66, subject to adjustment. The
     liquidation preference is an amount equal to the issue price of $1,000 per
     share of Series A Convertible Perpetual Preferred Stock plus the sum of all
     accrued and unpaid dividends, whether or not declared. Following
     authorization of the underlying shares, each share of Series A Convertible
     Perpetual Preferred Stock will entitle its holder to the number of votes
     equal to the number of shares of Common Stock into which such share of
     Series A Convertible Perpetual Preferred Stock is initially convertible
     based on a conversion rate equal to the issue price of $1,000 per share of
     Series A Convertible Perpetual Preferred Stock divided by $32.66, the
     conversion price in effect on May 25, 2007, the issue date. The initial
     conversion rate, which is subject to adjustment, is 30.6185 shares of
     Common Stock for each share of Series A Convertible Perpetual Preferred
     Stock. Dividends accrued on the Series A Convertible Perpetual Preferred
     Stock, that may range from 3.875% to 5.625%, may be paid by Verint, under
     certain circumstances, in shares of Common Stock. Common Stock issued in
     payment or partial payment of a dividend will be valued for such purpose at
     95% of the average of the daily volume weighted average stock price for
     each of the five consecutive trading days ending on the second trading day
     immediately prior to the record date for such dividend.

(2)  The Series A Convertible Perpetual Preferred Stock has no expiration date.