FORT LAUDERDALE, Fla. and MELVILLE, N.Y., June 11, 2014 – Expansion of Verint Nextiva Portfolio and New Integrations Deliver Enhanced Levels of Security and Business Intelligence to Retail Market
Advancements to Nextiva EdgeVR Enterprise-Class Video Monitoring and Recording Helps Streamline Investigations for Retailers
NRF Loss Prevention Conference and EXPO
Greater Fort Lauderdale/Broward County Convention Center
Verint Booth #1026
Verint® Systems Inc.(NASDAQ: VRNT) today announced the expansion of its portfolio of security and business intelligence solutions for the retail sector as it continues to deliver advanced technologies to help reduce fraud and loss, boost operational efficiency and improve the customer experience.
To help reduce shrinkage and achieve a significant return on investment, retailers are using Verint solutions, which include a comprehensive portfolio designed to meet the specific needs of a variety of retailers—from enterprise-class to specialty stores. Verint’s award-winning portfolio includes IP video management software, video business intelligence applications, encoders and decoders, IP cameras, intelligent network video recorders (NVRs), situation management software and industry-leading business system interfaces.
Advancements to Industry-Leading Network Video Recorder (NVR) Verint’s comprehensive NVR platform, the EdgeVR®, is designed to deliver scalable and enterprise-class video monitoring and recording capabilities. The advanced NVR platform enhances security and streamlines investigations for retailers, allowing them to close cases quickly and proactively minimize losses. The latest version delivers all the benefits of an embedded NVR, including bandwidth optimization, remote access and robust surveillance analytics. It easily scales to support up to 64 IP and analog cameras, providing a path to migration for budget-conscious retailers. Additional features include H.264 and MPEG-4 compression options and scalable storage options up to 16 terabytes. Consistent with the EdgeVR’s open platform design, it integrates with various edge devices helping retailers leverage current infrastructures and expand to meet future system demands.
Further updates to the EdgeVR include advanced investigation tools, such as face detection, license plate recognition and a variety of surveillance analytics, providing retailers new levels of situation awareness. Other capabilities include:
“At the NRF Loss Prevention event this week, Verint is highlighting a variety of intelligent solutions designed to reduce shrinkage and theft,” says Alex Johnson, senior director of retail, Verint Video and Situation Intelligence Solutions™. “At Verint, we’re committed to providing technologies that limit and negate vulnerabilities in loss prevention operations and reach beyond traditional security uses by integrating with common retail platforms through open standards and interfaces.”
To learn more about Verint’s intelligent solutions for retail, visit booth #1026 at the NRF Loss Prevention Conference and EXPO June 10-13 in Fort Lauderdale.
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, over 10,000 organizations in more than 180 countries—including over 85 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.
1 Accenture Consulting, “Compliance: Dare to be Different, 2017 Compliance Risk Study”
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, 2018, our Quarterly Report on Form 10-Q for the quarter ended July 31, 2018, 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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