Verint Introduces Facial Recognition Technology Built For Real-World Environments

New FaceDetect Solution Delivers Actionable Intelligence from Live and Recorded Video Footage, Helping Organizations Improve Situational Awareness

MELVILLE, N.Y.,, April 4, 2018 – — Verint^® Systems Inc. (Nasdaq: VRNT) today announced the availability of its new facial recognition technology designed to work with organizations’ existing infrastructures to deliver highly accurate, automated and intelligent identification capabilities in real-world environments. Ideal for mission-critical security applications, Verint FaceDetect^™ is powered by sophisticated, computer-based, multi-layered algorithms designed to operate in today’s most challenging security scenarios.

The new Verint FaceDetect analytics solution incorporates neural networks and deep learning intended to imitate and even exceed a human’s ability to recognize. This innovative approach allows the technology to adapt to and learn from new situations, similar to the way the human brain operates. Verint FaceDetect—which is GPU-based to achieve optimum performance, accuracy and scalability—is specifically designed to support advanced facial recognition in real-world environments with heavy traffic and diverse populations, rather than relying on one-to-one scenarios.

Verint FaceDetect is easy to install in existing environments, and supports 10 cameras per GPU and video streams from any IP camera, including PTZ video surveillance devices. In addition to identifying individuals regardless of face obstructions, suspect aging, disguises and ethnicity, the solution features both real-time and forensic comparison capabilities against large databases with millions of faces. It also allows operators to instantaneously add suspects to watch-lists. Leveraging these advanced analytics, organizations can streamline investigations and empower operators to make rapid, informed decisions without expensive and time consuming infrastructure changes.

“Verint is a driving force behind the development of intelligent solutions that allow customers to advance their strategic security efforts,” says Verint’s Alan Stoddard, vice president and general manager, situational intelligence solutions. “Our FaceDetect solution helps organizations automate intelligence gathering, and take a more proactive approach to business and security intelligence, all while increasing the return on their technology investments.”

Verint FaceDetect is part of a robust portfolio of cyber and security intelligence solutions that help today’s organizations modernize security by automating critical functions and gathering valuable intelligence to improve efficiency. Verint’s powerful analytics enable stakeholders to make decisions based on information customized to their organizations’ specific business and security needs.

Visit Verint during ISC West 2018 at Booth #28057 to see this technology in action.

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.

VERINT, ACTIONABLE INTELLIGENCE, THE CUSTOMER ENGAGEMENT COMPANY, NEXT IT, OPINIONLAB, TERROGENCE, SENSECY, CUSTOMER ENGAGEMENT SOLUTIONS, CYBER INTELLIGENCE SOLUTIONS, EDGEVR, RELIANT, VANTAGE, STAR-GATE, SUNTECH, and VIGIA are trademarks or registered trademarks of Verint Systems Inc. or its subsidiaries. Other trademarks mentioned are the property of their respective owners.

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Contacts:
Media Relations                     Investor Relations
Amy Curry                            Alan Roden
Verint Systems Inc.               Verint Systems Inc.
amy.curry@verint.com           alan.roden@verint.com