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Verint Simplifies Path to Situational Intelligence with New Licensing Structure

Mon Sep 12, 2016

Latest Software Release Features More Scalable, Cost-Effective Migration Path from VMS

MELVILLE, N.Y. and ORLANDO, Fla., September 12, 2016 Verint® Systems Inc. (Nasdaq: VRNT) today announced a simplified path to situational intelligence with the introduction of a new licensing structure for the latest release of the Verint Situational Awareness Platform and Verint Enterprise Video Management Software that helps security-conscious organizations more readily achieve the actionable intelligence benefits that are inherent in these award-winning solutions.

With these solutions, Verint is delivering powerful situation intelligence capabilities to help organizations achieve maximum value and benefit from their security investments. Through its new licensing model, organizations can upgrade to the Verint Situational Awareness Platform through a scale-as-you-grow approach. This flexible migration path helps enterprises evolve their security operations and quickly deploy vital capabilities, while managing costs as they grow. The structure also helps reduce long evaluation cycles, enabling organizations to more rapidly implement and respond to today’s mission-critical safety requirements. With this tiered approach to server licensing, Verint is focused on helping customers gain new levels of situational intelligence to enhance safety and security.

Now, current and new Verint users have a pathway that enables them to grow into the Verint Situational Awareness Platform by cost efficiently gaining access to initial core features and incrementally adding additional capabilities as their needs evolve. The combined software release, which is certified as VMware Ready, also offers new capabilities that include the Situational Awareness Video Wall, Verint Video Tracker, an increased third-party integrations library, a significant increase in video recorder throughput, and a ubiquitous camera plug-in module that allows integrators to expedite the process of adding new camera models to existing deployments.

“Today’s forward-thinking organizations are asking for options that enhance situational intelligence in a pay-as-you-grow model, and Verint wants to help these customers meet their objectives,” says Steve Weller, general manager, Verint. “Today, many Verint customers are ready to reap the benefits of the Verint Situational Awareness Platform but are not yet positioned to make the capital investment or take advantage of the full solution. This new licensing model is designed to provide these stakeholders with an entry point at a more approachable price point.”

The Verint Situational Awareness Platform helps increase situational awareness by fusing real-time data from a wide range of systems and sensors, including video surveillance, audio, social media, building management, access control and intrusion detection—all in a single command and control interface. In addition, it provides an integrated response capability that closes the loop on incident management.

To learn more about Verint, visit Booth #2119 at this week’s ASIS International Seminar and Exhibits in Orlando.

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 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, 2016, our Quarterly Report on Form 10-Q for the quarter ended July 31, 2016, 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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