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Loeb & Loeb Represents Special Committee in Verint Systems Acquisition of Comverse Technology

Loeb & Loeb LLP represented the special committee of the board of directors of Verint Systems Inc., a provider of analytic software solutions for the security and business intelligence markets, in its acquisition of Comverse Technology Inc. The transaction, valued at approximately $960 million, was completed in February 2013. The all-stock deal eliminated Comverse’s majority ownership in and control of Verint following the spinoff by Comverse of its telecommunications business.

Loeb & Loeb partners Fran Stoller, Angela Dowd and Alan Tarr handled corporate, governance and tax matters related to the transaction on behalf of Verint’s special committee.