Specialized product offerings in narrow segments of the information technology (IT) market; Acquisitive growth strategy; Recent softening demand for its security products; 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. Expected adjusted leverage in the 2x-3x area over the coming year; Solid free operating cash flow (FOCF) generation in the range of $125 million to $175 million annually; and Strong liquidity. The stable outlook reflects our expectation that Melville, N.Y.-based security and business intelligence solutions provider Verint Systems Inc. will continue to generate solid FOCF over the coming year, despite weakness in its security business, and maintain leverage below
