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Leadership change at Verint Corp.'s majority owner


Jacob "Kobi'' Alexander, the former chief of Comverse Technology Inc., waits for proceedings to begin in the magistrates court. (July 9, 2007) Photo Credit: Bloomberg News File, 2007

Comverse Technology Inc., the owner of a majority stake in Melville-based software maker Verint Corp., has replaced its chief executive.

It's unclear how the resignation, which analysts said was due to poor financial results at Comverse, will affect Verint.

Several reports have speculated that Comverse will sell off its 55 percent stake in Verint as soon as it puts to rest lingering issues related to a stock options and accounting scandal involving Comverse's former head, Jacob "Kobi" Alexander (pictured above).

Verint, a voice and data monitoring software company, has $700 million in annual revenue and a workforce of 2,700.

The departing Comverse leader Andre Dahan, who was also president and a board member, leaves the company Friday.

Charles Burdick, a trustee, replaces Dahan as chief executive and executive board chairman.  Comverse is said to be on the verge of reconciling its financial records -- and restating earnings -- at the Securities and Exchange Commission.

Alexander, the disgraced former Comverse executive, fled to the southwestern African nation of Namibia, and still faces federal criminal charges of conspiracy, wire fraud, money laundering and obstruction of justice. 

Comverse, the maker of software for cell phones, had been based in Woodbury but moved to Manhattan after Alexander fled to Africa in 2006.


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