Verint Systems is a Melville, New York-based analytics company which was founded in 2002. The company sells software and hardware products for security, surveillance, and business intelligence. Their products are designed to assist clients in data analysis, specifically large data sets. Verint has more than 10,000 clients in 150 countries, and has approximately 2,800 employees in various locations internationally. The company was previously a majority-owned subsidiary of Comverse Technology and it was formerly known as Comverse Infosys. As with Comverse, approximately half of Verints employees have been located in Israel. In February 2013, Verint Systems became independent of Comverse, having bought out the latters stake in it. Verint started as Comverse Technologys Comverse Infosys business unit, which was created in 1999 although it was also incorporated in Delaware in February 1994 as a wholly owned subsidiary of Comverse Technology.[dubious – discuss] Verints initial focus was on the commercial call recording market, which at the time was transitioning from analog tape to digital recorders. On June 7, 1999, the company releases an Internet Call Waiting service.