 The early 2000s recession led to some struggles for Comverse Technology , with the global economic downturn leading to publicly announced profit warnings and a plunge in the stock price in July 2001 . Over 3 @,@ 000 jobs were cut during the period as part of several restructuring efforts . The company still made some acquisitions , such as buying the instant messaging specialist Odigo for $ 20 million in 2002 , after having previously purchased a 12 percent stake in it in 2001 . The image of Comverse Technology as Israel 's blue @-@ chip hi @-@ tech stock suffered , and led to a slide in several other large Israeli technology firms . Comverse 's management was criticized by analysts for having issued over @-@ optimistic forecasts , although many other Israeli firms in the industry did even worse or failed completely during this period . In addition , the European market for mobile voicemail management was already saturated by 2002 and the prepaid wireless market was in decline . In 2002 , Comverse Infosys changed its name to Verint , partly to separate its more thriving business from Comverse 's struggles , and staged a modestly successful IPO of a minority portion of its stock . By 2002 , Comverse Technology had more than 5 @,@ 000 employees across nearly 40 countries ; due to the partial spinoffs and economic difficulties , revenues were down to $ 735 million . 
