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  "documentTitle": "Verint Systems, Inc. (VRNT)",
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      "kind": "callout",
      "text": "Why is slow-growing VRNT trading on par with the transaction multiple of inContact – a business which has fueled NICE's recent organic sales growth of just under 10%?",
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      "kind": "callout",
      "text": "Why is slow-growing VRNT trading on par with the transaction multiple of inContact - a business which has fueled NICE's recent organic sales growth of just under 10%?",
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      "text": "Revenue Growth: VRNT vs. NICE",
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      "text": "We note that NICE's transformative acquisition of cloud infrastructure provider inContact (Nasdaq: SAAS) in May 2016 valued the business at 3.8x sales. At the time, inContact sales were growing at 30% annually...",
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      "text": "Note also that inContact's CEO chose to remain with the business following its acquisition by NICE - a vote of confidence in the future of the business...",
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      "text": "This week we're celebrating three years since we announced the acquisition of inContact which was pivotal point for NICE...",
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      "text": "\"This week we're celebrating three years since we announced the acquisition of inContact which was pivotal point for NICE and represented a seismic shift in the customer engagement market. The acquisition and the ensuing delivery of CXone gave us the first and only true native cloud platform that seriously incorporates the marketing and routing, workforce optimization and analytics into a single platform for enterprises of all sizes. With all these assets combined together with substantial investment in R&D since the acquisition CXone has become the most complete platform in the market. ...It is clear that the execution of our strategy is working as reflected in our strong results, including in Q1, where we reported year-over-year double-digit growth in all key metrics. This included a 12% increase in revenues to $378 million.\" — NICE Q1 FY19 Earnings Call",
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