Verint SPAC Presentation Deck

Cloud First Strategy Drives Cloud Revenue Growth Growth Generated by New SaaS Deals and Maintenance Conversion ($ in millions, Non-GAAP) $500 $450 $400 $350 $300 $250 $200 $150 $100 $50 $0 GAAP Cloud Revenue $135 FY18 Cloud ARR $200 $122 $165 FY20 Guidance Minimal Maintenance Conversion FY19 Cloud Revenue $151 ~$250 ~$450 FY22 Three Year Target Note: $450 million of FY22 non-GAAP cloud revenue assumes the high end of our 30% to 40% CAGR target range Maintenance Conversion Opportunity Expect FY20 maintenance revenue >$300 Million Opportunity for 2x revenue uplift Expect conversion to contribute a few points to FY21 & FY22 growth 29

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