Verint SPAC Presentation Deck

Software Model Strategy Productization Drives Customer Benefits and Better Margins Traditional Integrator Model Integrator model (bundled software, hardware, customizations and integration services) Verint CIS Gross Margin: currently low 60%s Customer Benefits: single vendor accountability ▪ Software model (unbundle and productize software) ▪ Verint CIS Gross Margin: approaching 70% in 3 years Customer Benefits: accelerate software refresh cycles ■ Software Model Drives On-going Margin Improvements ▪ Software productization drives margin expansion ▪ Over 700bps of improvement expected from FY17 to FY22 (1) Please see the reconciliation for Fully Allocated Estimated Adjusted EBITDA Margin in the appendices. New Software Model 12.8% FY17 13.6% 15.5% FY18 FY22 Three Year Target Fully Allocated Estimated Adjusted EBITDA Margin(1) >20% FY19 33

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