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Verint Acquisition of GMT Leaves FMSI as the Only Remaining Workforce Management Company Exclusively Focused on Primarily US Community Banks and Credit Unions

September 26, 2011

September 26, 2011

Verint Systems Inc. (NASDAQ: VRNT) today announced the signing of a definitive agreement to acquire, upon closing, Global Management Technologies Corporation (GMT).  GMT’s software and services are widely used by organizations particularly in retail branch banking environments.  This acquisition leaves Atlanta-based FMSI as the only workforce management (WFM) company exclusively focused on community banks and credit unions.

“As the only remaining workforce management company that exclusively serves the financial services industry, we are excited about the opportunity that our current situation presents,” says President/CEO of FMSI W. Michael Scott.  “We always have strived and will continue to strive to be the best in the financial services industry and we believe the recent acquisition of GMT by Verint, gives us a clearer advantage in this market.”

In the last couple of years, workforce management solutions have been a hot topic for banks and credit unions—as a result of costly federal regulations and a challenging economic environment.  Financial institutions are seeking significant cost savings they can realize in a relatively short period of time.

“Whether your financial institution has six branches or 450 plus, FMSI has proven for twenty five years that we can quickly implement our cost saving solutions—resulting in a timely and substantial increase to your profit margin,” states Mr. Scott.

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