Verint SPAC Presentation Deck

Cloud Definitions ● ● Recurring Revenue - cloud and maintenance revenue Cloud Revenue - SaaS and Optional Managed Services SaaS - software deployed in the cloud (predominately offered as bundled SaaS) Bundled SaaS - software sold together with standard managed services ● ● Unbundled SaaS - software sold separately from managed services Optional Managed Services - recurring services to address technical and business customer requirements Maintenance Revenue - recurring customer support revenue from on-premise deployments ● Cloud ARR - the value of cloud revenue contracts normalized to a one-year period 28

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