Specialized product offerings in narrow segments of the information technology (IT) market; Acquisitive growth strategy; Diversified geographic end-markets and customer base; Strong intellectual property (IP) position with a portfolio of more than 700 patents and patent applications; and Solid and growing recurring revenue base. "Strong" liquidity; Solid free operating cash flow (FOCF) generation; and Adjusted leverage of 2.1x as of April 30, 2015. The stable outlook on Melville, N.Y.-based security and business intelligence software provider Verint Systems Inc. reflects our expectation that the company will continue to reduce leverage modestly over the coming year, with no significant acquisitions funded through additional debt. We could lower the rating if the company makes acquisitions or undertakes other actions that would cause leverage
