Verint Awarded Multimillion Dollar Government Cyber Security Project

Thu May 18, 2017

Solution Will Help Protect Latin American Government From Advanced Cyber Threats

MELVILLE, N.Y., May 18, 2017 — Verint® Systems Inc. (Nasdaq: VRNT), a leading provider of security and intelligence data mining software, today announced that it won a multimillion dollar project for a new Government Security Operations Center (GSOC) in the Latin America region to help protect critical government organizations from advanced cyber threats.

 

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Press Release

Verint Awarded Multimillion Dollar Government Cyber Security Project

Thu May 18, 2017

Solution Will Help Protect Latin American Government From Advanced Cyber Threats

MELVILLE, N.Y., May 18, 2017 — Verint® Systems Inc. (Nasdaq: VRNT), a leading provider of security and intelligence data mining software, today announced that it won a multimillion dollar project for a new Government Security Operations Center (GSOC) in the Latin America region to help protect critical government organizations from advanced cyber threats.

Verint’s technology will be deployed to help the cyber analyst team identify and focus on the most significant, urgent risks, and quickly analyze, confirm and respond to threats and attacks.

“Today, governments are concerned about advanced security threats and are looking for data mining software combined with domain expertise to help address these threats,” says Noam Rosenfeld, Verint SVP Cyber Security Solutions. “Our solution with ‘virtual analyst’ technology is designed to help automate and simplify the traditionally labor intensive cyber alert investigation process, enabling SOCs to more efficiently investigate and mitigate critical incidents before they rise to the level of a major threat.”

Verint’s Cyber Security solution integrates multiple advanced detection engines and provides unified workflows for investigation, behavioral analytics and forensics that analyze cyber-attack paths, and help protect against future attempts. Its orchestration and automation capabilities reduce the need for labor-intensive manual processes and help shorten the period of time between malware detection and remediation within SOC operations.

This project was awarded earlier this year through a prime contractor, Israel Aerospace Industries’ subsidiary ELTA Systems Ltd, which leads the IC3 Consortium. It is expected to be deployed over the next two years.

About Verint Systems Inc.
Verint® (NASDAQ:  VRNT) is a global leader in Actionable Intelligence® solutions with a focus on customer engagement optimization, security intelligence, and fraud, risk and compliance. Today, more than 10,000 organizations in approximately 180 countries—including over 80 percent of the Fortune 100—count on intelligence from Verint solutions to make more informed, effective and timely decisions. Learn more about how we’re creating A Smarter World with Actionable Intelligence® 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, uncertainties and assumptions, 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, 2017 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, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ.

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