Post-Delisting, Verint Still Stumbling

Nearly two years ago, when Aaron Katsman, managing director of America Israel Investment Associates, started hunting for his next investment, Verint Systems(VRNT Quote) seemed like a real find.

Verint makes "video intelligence" products that help customers sort through hours of security videos and analyze them for potential threats. After Sept. 11, it was a fast-growing market -- and Verint looked as if it was at the center of it.

"It was a strong growth company in what we perceived as an up-and-coming niche," says Katsman about his thinking in late 2005. "We rode it part of the way up and now are a part of the way down." ...