Ventana Research Names Verint Top Overall Company in 2015 Value Index for Workforce Optimization
Verint Repeats #1 Position in Firm’s Comprehensive Workforce Optimization Evaluation
MELVILLE, N.Y., February 4, 2015 —Verint® Systems Inc. (NASDAQ: VRNT) today announced it has been named the overall top-ranked vendor by research and technology advisory firm Ventana Research in its 2015 Value Index for Workforce Optimization1.
Verint leads nine other vendors according to Ventana’s comprehensive evaluation of workforce optimization (WFO) vendors’ products across seven categories that include usability, manageability, reliability, capability, adaptability, vendor validation and return on investment. The 2015 evaluation marks the second consecutive year in which the company was named as the top overall company in this Value Index.
“Verint retains top overall ranking in our Workforce Optimization Value Index for its broad range of capabilities, consulting, delivery and support services,” says Richard Snow, Vice President and Research Director, customer engagement for Ventana Research.
Ventana Research defines WFO as the effective management of all employee-related activities associated with handling customer interactions to help ensure an optimal customer experience and alignment to a common set of customer and revenue goals and objectives.
“Managing employee-related tasks associated with customer interactions has become more complex for several reasons including more interactions occurring through more channels of engagement, and more employees handling them,” adds Snow. “Investing in systems that can manage these activities has become essential.”
A breakdown across the Value Index criteria noted Verint has the following:
- Top product capability score among vendors evaluated; assessing a vendor's ability to address the needs of various groups within a business from executives to line managers.
- Top validation score among vendors evaluated; assessing a vendor's management and financial stability, product development, services, support quality and what customers say about the vendor and its products.
- Significant investments in usability that support its high ranking, and big strides in cloud-based services, collaboration and mobility.
- Ventana Research also noted that Verint “shows many customer references and case studies" ‒ a reflection of Verint's own dedicated Customer Experience Program and commitment to using the same solutions internally as recommended and deployed for customers.
Ventana Research's findings also point out that analytics is the application the highest percentage of companies said is most likely to have an impact on interaction-handling performance. In aseparate analyst perspective2, Snow noted that the recent acquisition of KANA "has enabled Verint to move further into the customer engagement market," citing Verint Engagement Analytics™ as an example of how the combination is helping organizations improve performance by applying information-driven planning, change management and employee training.
About Ventana Research
Ventana Research is the most authoritative and respected benchmark business technology research and advisory services firm. We provide insight and expert guidance on mainstream and disruptive technologies through a unique set of research-based offerings including benchmark research and technology evaluation assessments, education workshops and our research and advisory services, Ventana On-Demand. Our unparalleled understanding of the role of technology in optimizing business processes and performance and our best practices guidance are rooted in our rigorous research-based benchmarking of people, processes, information and technology across business and IT functions in every industry. This benchmark research plus our market coverage and in-depth knowledge of hundreds of technology providers means we can deliver education and expertise to our clients to increase the value they derive from technology investments while reducing time, cost and risk.
Ventana Research provides the most comprehensive analyst and research coverage in the industry; business and IT professionals worldwide are members of our community and benefit from Ventana Research's insights, as do highly regarded media and association partners around the globe. Our views and analyses are distributed daily through blogs and social media channels including Twitter, Facebook, LinkedIn and Google+. To learn how Ventana Research advances the maturity of organizations' use of information and technology through benchmark research, education and advisory services, visit www.ventanaresearch.com.
About Verint Systems Inc.
Verint® (NASDAQ: VRNT) is a global leader in Actionable Intelligence® solutions. Actionable Intelligence is a necessity in a dynamic world of massive information growth because it empowers organizations with crucial insights and enables decision makers to anticipate, respond and take action. Verint Actionable Intelligence solutions help organizations address three important challenges: customer engagement optimization; security intelligence; and fraud, risk and compliance. Today, more than 10,000 organizations in over 180 countries, including over 80 percent of the Fortune 100, use Verint solutions to improve enterprise performance and make the world a safer place. Learn more at www.verint.com.
 Ventana Research, 2015 Value Index for Workforce Optimization, December 22, 2014
2 Ventana Research, Customer Engagement Analytics Getting Simpler with Verint, January 12, 2015
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, 2014 and our Quarterly Report on Form 10-Q for the quarter ended October 31, 2014 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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