WOODBURY, NEW YORK ( TheStreet) -- Comverse Technology is likely to pursue a sale of its subsidiary Verint Systems ( VRNT), the Wall Street Journal reports. A deal could fetch $2 billion, the Journal says, citing people familiar with the matter. The board of software maker Comverse hasn't made a decision about Verint's future. It can't do so now because Verint, a maker of analytic and security software, is in the midst of selling 2 million common shares, the people said. But a sale of Verint, of which Comverse owns roughly 55%, is the likeliest course of action and could come after the parent company files the last of its outstanding financial reports with regulators, the Journal reports. Comverse, listed on the Pink Sheets, has struggled to file its financial statements for several years after a stock-options-backdating scandal in 2006, the Journal notes. A sale of Verint, which has a market value of $1.3 billion, could bring Comverse $70 million to $80 million in cash, the Journal reports. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.
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