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Verint Video and Situation Intelligence Solutions Presented Top Industry Honors

Mon Oct 21, 2013

Nextiva Video Business Intelligence Solution Named Most Innovative In-Store Surveillance Solution

Nextiva PSIM Solution Awarded for Innovation in Information Technology and Security

MELVILLE, N.Y., October 21, 2013Verint® Systems Inc.(NASDAQ: VRNT) today announced that it has received two new industry awards for its advanced Video and Situation Intelligence Solutions™.

Nextiva Video Business Intelligence Earns Innovative In-Store Surveillance Distinction

Verint’s Nextiva® Video Business Intelligence® (VBI) was among the awarded solutions that earned the 2013 Retail Fraud Award in the category of “most innovative in-store surveillance” solution. The award program—presented by Retail Knowledge Media, a leading retail industry publication that accounts for more than 79,000 readers—recognizes the most exciting vendors and innovations designed for the retail fraud and loss prevention markets.

The Verint VBI solution was shortlisted among other surveillance solutions based on its innovative approaches to in-store surveillance, and won the honor due to its unique ability to capture and analyze shopper movement patterns to help enhance loss prevention efforts, increase conversion rates, improve operational efficiency and maximize customer satisfaction. 

Nextiva Video Business Intelligence is a comprehensive intelligence platform that helps expand the application of surveillance infrastructure by using video from existing video security cameras to extract data about customer behavior, shopping patterns, employee efficiency and overall store operations.

Nextiva PSIM Receives Innovation in Information Technology and Security Honor

Verint was also the recipient of an innovation in information technology and security award at the 2013 Golden Bridge Awards. There, its Nextiva PSIM™ (physical security information management) solution was selected as a “silver-level” winner in the “integrated security solutions” category.

The Golden Bridge Business Awards were created to honor and generate industry and peer recognition of the achievements and positive contributions of organizations and individuals from around the world. Nextiva PSIM was selected based on its ability to transform raw security data into Actionable Intelligence® through the integration of multiple systems and sensors into one interface.

Nextiva PSIM generates video-centric, real-time situation intelligence from vast amounts of data to enhance security, while streamlining management and optimizing costs.The newest version of the Verint PSIM portfolio features deeper integrations with third-party systems—including video management, access control, and license plate recognition and face detection—to help reduce project delivery time and streamline usability. Its visual tracking capabilities can track subjects across cameras, leveraging proximity calculations and visual video layout to follow subjects in highly dense and complex environments.

“Verint continues to deliver surveillance solutions that enable users to easily and reliably make sense of vast amounts of video data,” says Steve Weller, senior vice president and general manager, Verint Video and Situation Intelligence Solutions. “These recognitions demonstrate our commitment to providing technologies that meet the needs of the most complex and rigorous surveillance environments, while helping users delve into new areas of intelligence to increase security, build awareness and become more proactive.”

About Verint Video and Situation Intelligence Solutions Verint® Video and Situation Intelligence Solutions™ help protect people, property and assets, and enhance operational efficiency. The award-winning Nextiva® portfolio delivers a sophisticated framework for capturing enterprise-wide IP video and other security and operational information, and provides users with integrated analytics, situation management and operational management capabilities. Designed for use across the enterprise, finance, retail and critical infrastructure markets, Verint solutions help address the top security and operations challenges facing today’s organizations through advanced security and business intelligence, vertical solutions and subject matter expertise.

About Verint Systems

Verint® (NASDAQ: VRNT) is a global leader in Actionable Intelligence® solutions. Its portfolio of Enterprise Intelligence Solutions™ and Security Intelligence Solutions™ helps organizations Make Big Data Actionable™ through the ability to capture, analyze and act on large volumes of rich, complex and often underused information sources—such as voice, video and unstructured text. With Verint solutions and value-added services, organizations of all sizes can make more timely and effective decisions. Today, more than 10,000 organizations in over 150 countries, including over 80 percent of the Fortune 100, count on Verint solutions to improve enterprise performance and make the world a safer place. Headquartered in NY, Verint has offices worldwide and an extensive global partner network. Learn more at 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 fiscal year ended January 31, 2013 and our Quarterly Report on Form 10-Q for the quarter ended July 31, 2013 and other filings we make with the SEC. 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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