Jacob kobi alexander, fled to namibia in the wake of the 2006 scandal and continues to fight extradition to the u. The sec weighed in and filed similar civil charges. Excomverse ceo pleads guilty to fraud, a decade after fleeing to africa. Verint systems plans to acquire its holding company, comverse. Excomverse ceo to be released from prison after israel cuts.
Why verint systems vrnt has 60%70% downside risk ben. For many years, verint was a majorityowned comverse technology subsidiary. Starting in the late 1990s, comverses voice messaging software became its. Led by cofounder and ceo jacob kobi alexander, the company originally specialized in centralized hardware software systems for voice and fax messaging and sold them to telecommunications companies and other large enterprises. Verint, which was a former division of comverse, went public in 2002. Jacob kobi alexander born may 4, 1952 is the founder and the former ceo of new yorkbased comverse technology. Jacob kobi alexander, the former head of comverse, the parent company of verint, is a wanted criminal who has fled u. The attempt to sell its billing unit comes two months after comverse relisted on nasdaq and drew a line under the backdating of stock options scandal, which has plagued the company for nearly six years.
He was chairman of several cti subsidiaries, including verint systems and ulticom. Another comverse subsidiary, verint systems, which provides more than 25. Alexander, kreinberg and sorin also stepped down from their board and committee positions with verint systems inc. Chief executive of verint, daniel bodner, was an officer in the israeli engineers. Verint systems is a provider of analytics software that produces actionable intelligence. Hightech firms verint and narus have longstanding usisraeli intelligence connections. Its been nearly a decade since excomverse technology chairman jacob kobi alexander fled to namibia to avoid. Verints cfo came from computer associates, another fraud. The wall street transcript, naming kobi alexander as the gold award winner in. Verint grew out of comverse technology, a company founded by verints chairman, kobi alexander, in 1984.
Feb 23, 2017 jacob kobi alexander, the woodbury, new yorkbased software developers founder, was sentenced by u. Nov 15, 20 verints founder and ceo, jacob kobi alexander, is a former israeli intelligence officer who is today a fugitive from justice living in namibia, where he has for several years been fighting extradition to the u. Jacob kobi alexander, the former comverse technology inc. In february 20, verint systems became independent after a buy out. Verint systems jobs, benefits, business model, founding story. Verints video surveillance software, used at roughly half of all bank branches nationwide, is among dozens of bigdataanalysis programs that have transformed the melville company into one of long. Comverse plans to sell part of verint stake in ipo.
May 23, 2019 once a subsidiary of comverse, verint s ceo is a lieutenant of kobi alexander, the felon who led comverse through an accounting scandal. Decade later, indicted ceo kobi alexander will return to us. Former head of comverse, parent company of verint, kobi alexander is now a wanted man who fled us justice to africa and is reportedly now hiding out in israel. Excomverse ceo kobi alexander pleads guilty to fraud, a. Verint systems was formerly a subgroup of comverse infosys, which was run by fraudster and alleged spook, kobi alexander. Its been nearly a decade since excomverse technology chairman jacob kobi alexander fled to namibia to avoid facing jail time from his 2006 fraudulent stock options case. He was chairman of several cti subsidiaries, including verint systems and. If this is your first visit, be sure to check out the faq by clicking the link above. Jul 10, 2007 verints software helps security forces and intelligence agencies gather, analyze and store data from video surveillance cameras as well as intercepted email correspondence tapped telephone. Enterprise intelligence solutions includes customer analytics, workforce optimization, and engagement management solutions. See the complete profile on linkedin and discover kobis connections and jobs at similar companies. When the 7 7 bombings occurred, comverse owned verint systems which. Alexander, the woodbury, new yorkbased software developers founder, was. Jacob kobi alexander 03sep07 by tony gosling uk verint systems, the israeli security company contracted to manage and operate london undergrounds cctv network has become embroiled in a serious fraud case in new york.
Israeli involvement in nsa spying freedoms phoenix. Their products are designed to assist clients in data analysis, specifical. Kobi alexander s latest extradition hearing in windhoek is on november 12th. Jacob kobi alexander, the woodbury, new yorkbased software. Comverse was bought out in 20 by a former unit, verint systems vrnt. Jun 11, 20 hightech firms verint and narus have longstanding usisraeli intelligence connections. Comverse founder kobi alexander released from prison. Led by cofounder and ceo jacob kobi alexander, the company originally. Judge declines to release jacob kobi alexander on bail. Verint systems jobs, benefits, business model, founding.
His father, zvi alexander, was a wealthy israeli oil baron and an international wheelerdealer who ended up running the countrys stateowned oil company. Jacob kobi alexander, an israeli military officer connected to the odigo instant messaging company whose employees and users received an early warning of the 911 attacks, has recently become a fugitive from u. Verint systems has a niche market business model, with a specialized customer segment. Jacob kobi alexander the founder and former chairman of verint is wanted by the fbi for a long list of crimes. The company targets its offerings at any firm that seek analytics software, but its solutions are primarily used by law enforcement and government agencies. Alexander became infamous for a decade for hiding out in namibia as a fugitive from justice, where he fought extradition to the u. One of the founders of verint, jacob kobi alexander, is a former israeli intelligence officer. Jul 07, 2005 verint systems was formerly a subgroup of comverse infosys, which was run by fraudster and alleged spook, kobi alexander. A cofounder and former chairmen of narus, ori cohen, told fortune in 2001 that his partners have. Jacob kobialexander, david kreinberg, and william f. Israeliamerican former chief executive officer ceo of comverse technology inc jacob kobi alexander pleaded guilty on wednesday to securities fraud, a decade after he fled to namibia from the. During this period, it was part of the comverse technology group led by kobi alexander, until being separated from its parent company in 20. Former head of comverse technology kobi alexander will return to the. Excomverse ceo to be released from prison after israel.
Jacob kobi alexander sentenced to 30 months in prison. Mar 27, 2018 the former chief executive officer of software company comverse technology inc will be released from prison on tuesday, a prison official said, after his sentence was cut short following his extradition from the united states. At comverse, many smart business moves and maybe a bad one. New yorkbased comverse is the majority owner of verint s stock. Comverses founder and former ceo kobi alexander currently lives in namibia in an attempt to evade us federal charges related to the affair. Verint systems wikimili, the best wikipedia reader. View kobi bardugos profile on linkedin, the worlds largest professional community. Both kobi alexander and the present ceo of verint are ex israeli army officers. Verint was founded by a former israeli intelligence officer, jacob alexander, who often goes by the nickname kobi. Both companies have about half their employees in israel. Aug 24, 2016 jacob kobi alexander, the woodbury, new yorkbased software developers founder, entered the plea in federal court in brooklyn, after ending his fight to avoid extradition. Verint became an independent company with no controlling core. Comverse technology execs resign amid options probe.
Jacob kobi alexander is the founder and the former ceo of new yorkbased comverse technology. Much of its funding came from israeli government subsidies and tax credits provided to research and development for hitech firms. Israelis bugged the us for the nsa business insider. The israeli fugitive, odigo, and the forewarning of 911. Jacob kobi alexander, the woodbury, new yorkbased software developers founder, entered the plea in federal court in brooklyn, after ending his fight to avoid extradition. Verint systems is a melville, new yorkbased analytics company which was founded in 2002. Following his plea, the 64yearold israeli citizens lawyers sought his release on a. It does so with enterprise class spyware capabilities.
Former head of comverse technology kobi alexander will return to the u. Jacob kobi alexander, the woodbury, new yorkbased software developers founder. Alexander, a leading figure in the israeli hightech sector, built comverse from a tiny startup 25 years ago into a billiondollar company by revenue that provides billing software and voicemail. The following is a list of all the software xbmc foundation offers. Kobi alexanders latest extradition hearing in windhoek is on november 12th. A seething federal judge in brooklyn on wednesday refused to release former comverse technology inc. Comverse ceo, two others resign amid options probe. Alexander, known as kobi, a pioneer and hero in israels. In essence the company sells software that helps customers to collect, store, and sift. Sep 30, 2010 last month, the provider of billing software for telecom companies probably best known for a messy stockoptions backdating scandal and its fugitive former ceo kobi alexander warned that it was. Apr 24, 2008 both kobi alexander and the present ceo of verint are ex israeli army officers. Jacob alexander transformed comverse technology from a startup to a. Once a subsidiary of comverse, verints ceo is a lieutenant of kobi alexander, the felon who led comverse through an accounting scandal.
The company operates three reportable business segments. He is the founder and the former ceo of new yorkbased. Jacob alexander, also known as kobi alexander, an israeli national, was sentenced earlier today to 30 months in prison after having pleaded guilty to securities fraud for his role in a stock options backdating scheme involving comverse technologies inc. Comverse retains a 57 percent stake in the company. Jacob kobi alexander, who founded the company which is based. Business model of verint systems customer segments. Verint agrees to buy comverse after subsidiary spinoff. Jul 04, 20 verint was founded by a former israeli intelligence officer, jacob alexander, who often goes by the nickname kobi. While verint was not implicated in the criminal case, the company. District judge nicholas garaufis in brooklyn, who criticized the former executive for trying to avoid justice for so long. Decade later, indicted ceo kobi alexander will return to. Kobi alexander, the israeliamerican founder and former ceo of new. Comverse plans to sell part of verint stake in ipo reuters.
Excomverse ceo who fled to namibia gets 212 years prison. Comverses computer software has been charged with having a. How israel helps eavesdrop on us citizens the electronic. Kobi alexander executive bio, work history, and contacts.
It is important to note, christopher bollyn writes, that kobi alexander and comverse were closely connected to odigo, the israeli messaging service that was used to warn. In 2006, he was charged with multiple counts of fraud and related offenses pertaining to irregularities in trading of comverse stock. The fugitive ceo of verint, whom bamford mentions, is jacob kobi alexander. Alexander served as the chairman of the board chairman. Verint s cfo came from computer associates, another fraud. Verint grew out of comverse technology, a company founded by verint s chairman, kobi alexander, in 1984. The company sells software and hardware products for customer engagement management, security, surveillance, and business intelligence. How israel spies on us all through the nsa white nations. If you have downloaded software not on this list or from a site not specified on this list, then that software has not been offered by team kodi or the xbmc foundation, and we can provide no official support for the use of that software. Kobi alexander, the israeliamerican founder and former ceo of new yorkbased comverse technology, was released from prison tuesday after serving twothirds of his jail term.
Former comverse technology chairman and ceo jacob kobi alexander, who refused to return from africa after being indicted in a wideranging stock option scandal a decade ago, has agreed to return to the u. The founder of comverse technology founder, millionaire jacob kobi alexander, who escaped to namibia a decade ago to avoid options manipulation charges, has agreed to return to the u. Defendant jacob kobi alexander, 54, a resident of new york, new york. Excomverse ceo pleads guilty to fraud, a decade after. Kobi alexander is in the spotlight for executing his options at least eight times when stock prices were at their lowest between 1994 and 2001, according to the wall street journal. Kobi alexander, the founder and former chairman of verint, is now a fugitive, wanted by the fbi on nearly three dozen charges of fraud, theft, lying, bribery, money laundering and other crimes. Verint s underwriters, led by lehman brothers, would otherwise probably have given it the cold shoulder. By 2011, verint was 52 percent owned by comverse technology. Excomverse ceo returning to plead guilty in stock options. The company focused on providing valueadded services to telecommunication service providers, in particular to mobile network operators. Jacob kobi alexander is an israeliamerican businessman.
Mar 27, 2018 the former chief executive officer of software company comverse technology inc will be released from prison on tuesday, a prison official said, after his sentence was cut short following his. The former chief executive officer of software company comverse technology inc will be released from prison on tuesday, a prison official said, after his sentence was cut short following his extradition from the united states. It provides realtime network traffic and analytics software. Verints founder and ceo was a man named jacob kobi alexander, a former israeli intelligence officer. Excomverse ceo pleads guilty to fraud, a decade after fleeing to. Comverse technology wikimili, the best wikipedia reader. Verint maintains operations across the united states and canada, as well as in europe, africa, the middle east, asia, and the pacific rim. Born in israel, he graduated with honors from the hebrew university of jerusalem, receiving a degree in economics. View the executive profile of kobi alexander, chief executive officer and chairman of the board of directors at comverse technology, on equilar boardedge to see current and past work history and gain access to kobi alexander s network of 25 business contacts. See the complete profile on linkedin and discover kobi s connections and jobs at similar companies.
To start viewing messages, select the forum that you want to visit from the selection below. Comverse ceo jacob kobi alexander was charged with fraud and fled to namibia, in southern africa, where he remains at large. Comverse seeks buyer for billing unit report globes. Defendant jacob kobi alexander, 54, a resident of new york, new york, cofounded cti in october 1984. Jan, 2019 verints founder and ceo was a man named jacob kobi alexander, a former israeli intelligence officer.
How israel spies on us all through the nsa israel did 911. Alexander eventually adopted a fake identity and hid in the southern african. How libased verint systems rebounded from crisis newsday. Technology chairman and chief executive jacob kobi alexander of. Alexander s lawyer, robert morvillo, said he believed that alexander and his family were on vacation in israel. Who is jacob kobi alexander, excomverse technology. Decade later, indicted ceo kobi alexander agrees to stand. Aug 22, 2016 former comverse technology chairman and ceo jacob kobi alexander, who refused to return from africa after being indicted in a wideranging stock option scandal a decade ago, has agreed to return. Official kodi software open source home theater software. Comverse founder kobi alexander released from prison ynetnews. Former comverse techonology chairman jacob kobi alexander is set to return to the us and face charges from his 2006 stock options fraud case. Latest news is that the two companies, comverse and verint, plan to split.