Verint Acquires PSIM Technology to Expand Its Nextiva Security Intelligence Suite
Launches Nextiva PSIM (Physical Security Information Management) for Situational Awareness Enabling Organizations to Improve Control and Compliance, and Optimize Total Cost of Ownership in Security Operations
ISC West 2011
Sands Expo & Convention Center
LAS VEGAS and MELVILLE, N.Y., April 6, 2011 — Verint® Systems Inc. (NASDAQ: VRNT) today announced the acquisition of Rontal Engineering Applications Ltd., a privately-held provider of situational awareness solutions. This acquisition expands Verint’s portfolio of security intelligence solutions, powering the launch of Nextiva® PSIM™—a platform that captures information from a variety of security, safety and corporate systems— and enabling the fusion of information for users to quickly and efficiently view, correlate and analyze data to identify, initiate and manage response to situations in collaboration with other security agencies.
Nextiva PSIM enables organizations to gain immediate situational awareness and faster response leveraging an intuitive 3D multi-layer user interface, efficient organizational control and management through systemic procedures and standards, contingency planning capabilities for natural disasters and calamities, reduced operational costs through efficient deployment of equipment and resources, and optimized planning and preparedness for situations using virtual simulations alongside debriefing and analysis. Nextiva PSIM is an important addition to Verint’s award-winning Nextiva end-to-end IP video portfolio.
“This technology acquisition adds an important dimension to our comprehensive suite of security intelligence solutions and further strengthens our market leadership position,” says Elan Moriah, president, Verint Video Intelligence Solutions™ and Verint Witness Actionable Solutions®. “We have been offering PSIM technology within our solutions portfolio through a successful OEM agreement. The launch of Nextiva PSIM demonstrates our continued commitment to delivering innovative and comprehensive solutions to our customers, enabling them to derive enhanced value from their security investments.”
Frost & Sullivan, a leading global analyst and consultancy firm, projects that the world market for PSIM software will continue to see high adoption. Defined by the firm as “a fundamental component for the next generation fully integrated physical security environment to offer advanced functionalities and present a clear ROI,” Frost & Sullivan views PSIM as a valuable component not only for critical infrastructure, homeland security and law enforcement customers, but for large and medium-sized corporations as well. “With the launch of an entire portfolio of state-of-the-art IP video products and an advanced physical security information management system, Verint is a must-stop shop for organizations looking to take their security operations to the next level today and into the future,” says Dilip Sarangan, senior industry analyst, Frost & Sullivan.
Organizations that are looking for the next level of security management solutions for their security operations can use Nextiva PSIM—delivered to them from a proven market leader—to capture, analyze and distill vast amounts of information to gain the actionable intelligence they need to help make their organizations safe and secure.
For a demonstration, or to learn more about Nextiva PSIM, visit Verint at Booth #20069 during ISC West in Las Vegas, April 6-8, 2011.
About Verint Video Intelligence Solutions
Verint® Video Intelligence Solutions™ is the leading global provider of networked video solutions designed to enhance the security of people, property and assets. Its award-winning Nextiva® portfolio features IP video management software, integrated analytics, encoders, cameras, wireless devices and intelligent DVRs for use across a variety of vertical market environments. Open, standards-based and IT friendly, Verint solutions help organizations realize the benefits of IP video leveraging their legacy video investments.
About Verint Systems Inc.
Verint® Systems Inc. is a global leader in Actionable Intelligence® solutions and value-added services. Our solutions enable organizations of all sizes to make timely and effective decisions to improve enterprise performance and make the world a safer place. More than 10,000 organizations in over 150 countries—including over 80 percent of the Fortune 100—use Verint solutions to capture, distill, and analyze complex and underused information sources, such as voice, video, and unstructured text. Headquartered in Melville, New York, we support our customers around the globe directly and with an extensive network of selling and support partners. Verint is listed on the NASDAQ Stock Market under the symbol “VRNT.” Visit us at our website www.verint.com.
This press release contains forward-looking statements, including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance and they are based on management's expectations that involve a number of risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see our Annual Report on Form 10-K for the year ended January 31, 2011. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, the Company assumes no obligation to update or revise them or to provide reasons why actual results may differ.
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