Witness (NASDAQ:WITS)
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Witness Systems, Inc. (NASDAQ:WITS), a leading global provider of
workforce optimization software and services, today announced that the
Office of Fair Trading (OFT) in the United Kingdom has approved the
acquisition of Witness Systems by Verint Systems Inc. and has decided
not to refer the transaction to the U.K. Competition Commission. We
currently expect the acquisition to close on or before May 29, 2007.
About Witness Systems
Witness Systems (NASDAQ: WITS) is the worldwide leader in software and
services that help businesses capture customer intelligence and optimize
their workforce performance. The company’s
Impact 360™ solution
features quality monitoring, compliance and IP recording, workforce
management, performance management, eLearning and customer feedback.
Primarily deployed in contact centers — as
well as the remote, branch and back offices of global organizations —
the workforce optimization solution captures, analyzes and enables users
to share and act on cross-functional information across the enterprise.
With Impact 360, organizations can improve interactions and the
underlying back-office processes that enhance the customer experience
and build customer loyalty. For more information, visit us at www.witness.com.
Cautionary Note Regarding Forward-looking Statements: Information
in this release that involves expectations, plans, intentions or
strategies regarding the future are forward-looking statements that are
not facts and involve a number of risks and uncertainties. They are
identified by the word “expected”
and by words such as “will,”
“anticipates,” “intends,”
“plans,” “believes,”
“estimates,” “targeted”
and similar expressions and statements about present trends and
conditions that may extend into the future. These statements are based
upon information available to Witness Systems as of the date of this
release, and the company assumes no obligation to update any such
forward-looking statement. Forward-looking statements believed true when
made may ultimately prove to be incorrect. These statements are not
guarantees of future performance and are subject to risks, uncertainties
and other factors, some of which are beyond our control and may cause
actual results to differ materially from our current expectations. Some
of the factors that could cause actual future results to differ
materially from current expectations include the need to continue to
satisfy the various conditions to the parties’
obligations under the merger agreement between Witness Systems and
Verint to complete the proposed merger; the completion of the debt and
equity financings planned by Verint (or other financing arrangements
sufficient to provide the funding required by Verint to complete the
Merger); as well as other risks identified in the Witness Systems’
Form 10-Q for the quarter ended March 31, 2007 as filed with the
Securities and Exchange Commission.
Witness, Impact 360, Improve Everything and the Witness Systems logo
are the trademarks (registered or otherwise) of Witness Systems, Inc.
protected by laws of the U.S. and other countries. All other
trademarks mentioned in this document are the property of their
respective owners.