Verint® Systems, Inc. today announced that Falabella is implementing its Nextiva® IP video management software, along with Nextiva single- and multi-port encoders, and IP cameras, in 33 stores and distribution facilities across Chile. With the Nextiva solution, the retailer will benefit from robust security and mission-critical loss prevention capabilities that enable personnel to monitor facilities 24/7 in real-time and help proactively safeguard critical areas, assets and resources.
Falabella operates department stores, home improvement centers, grocery hypermarkets, financial retail operations and real estate ventures in locations throughout Chile, Peru, Argentina and Colombia. The organization sells a wide variety of merchandise, including apparel, home furnishings, electronics and sporting goods. With 65,000 employees and annual revenue of more than $6.9 billion, Falabella is one of the largest retailers in South America.
Using Verint’s comprehensive Nextiva IP video solution, Falabella will be able to capture high-quality video images, optimize bandwidth and storage utilization, leverage flexible video search capabilities, and benefit from programmable video retention and storage at a central monitoring facility. With its enterprise-class multi-site capabilities, Nextiva HealthCheck™ monitoring application and the ability to interface with point-of-sale systems, the Nextiva IP video platform is poised to help Falabella reduce shrinkage, manage liability and loss, and leverage video to increase sales and operational efficiency. Implementation of the Nextiva solution is currently in process, following Falabella’s most recent investment in Verint technology in October 2011.
“We’re pleased to provide Falabella with an enterprise-class solution designed to help prevent loss, increase efficiency, and safeguard people and property across its extensive network of facilities,” says Debjit Das, vice president of global marketing, Verint Video Intelligence Solutions™. “As a leading global provider of networked video solutions, we are committed to delivering high reliability, performance and video quality to help our customers achieve their business requirements and advance their operations.”
About Verint Video Intelligence Solutions
Verint® Video Intelligence Solutions™ help protect banks and financial institutions, retail chains and supermarkets, and enterprise and critical infrastructure, enhancing the safety of people, property and assets. Our award-winning Nextiva® portfolio features IP video and physical security information management software, integrated analytics, encoders, cameras, wireless devices and intelligent NVRs. Open, standards-based and IT friendly, Verint solutions help organizations realize the benefits of IP video leveraging their legacy video investments.
About Verint Systems, Inc.
Verint® (verint.com) is the global leader in Actionable Intelligence® solutions and value-added services. Its extensive portfolio of Enterprise Intelligence Solutions™ and Security Intelligence Solutions™ helps worldwide organizations capture and analyze complex, underused information sources—such as voice, video and unstructured text—to enable more timely, effective decisions. More than 10,000 organizations in 150 countries, including over 85 percent of the Fortune 100, use Verint solutions to improve enterprise performance and make the world a safer place. Headquartered in N.Y. and a member of the Russell 3000 Index, Verint has offices worldwide and an extensive global partner network.
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 year ended January 31, 2011 and our Quarterly Report on Form 10-Q for the quarter ended October 31, 2011. 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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