Verint SPAC Presentation Deck

Cloud First Strategy - Three Year Model Recap Revenue Mix Margins (4) (Non-GAAP unless otherwise noted, $ in millions) Total (@ 10% CAGR) Recurring Revenue (Cloud and Maintenance) (2)(3) Cloud (@ 40% CAGR) (1) % SaaS % Optional Managed Services (¹) Maintenance Nonrecurring Revenue (On-Premise and Services) % Cloud % Recurring Gross Margin Recurring Revenue Gross Margin SaaS Gross Margin Optional Managed Services Gross Margin Maintenance Gross Margin Nonrecurring Revenue Gross Margin Operating Margin Adjusted EBITDA Margin FY19 (1/31/19) $811 $481 $165 ~75% ~25% $316 $330 20% 59% 69.0% Mid to High 70%s Mid 70%s Mid 30%s Mid 80%s Mid 50%s 25.9% 28.3% 1 GAAP and Non-GAAP. 2 Cloud guidance 30% to 40% CAGR; 40% assumed for Cloud revenue target. 3 SaaS revenue includes bundled SaaS, software with standard managed services and unbundled SaaS where managed services are purchased separately. 4 Margins are estimated Note: Our FY22 targets are on a non-GAAP basis. FY22 Three Year Targets (1/31/22) ~$1,080 ~$750 ~$450 ~85% ~15% ~$300 Similar Level >40% ~70% ~70% Similar Level 80% for new deals Similar Level Similar Level Similar Level ~27.5% ~30% 30

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