Verint® Systems Inc. today announced that it has been named the “2010 North American IP Surveillance Software Company of the Year” by Frost & Sullivan, a leading global analyst and consultancy firm. The honor marks recognition for Verint® Video Intelligence Solutions™ in the dynamic video security and surveillance market, and highlights its innovation and accomplishments in the areas of enhancing safety and security, improving operational effectiveness, and protecting people, property and assets with its world-class IP video technology solutions.
Frost & Sullivan named Verint its IP Surveillance Software Company of the Year recipient based on the company’s strength in the areas of growth strategy excellence, growth implementation excellence, degree of innovation with products and technologies, leadership in customer satisfaction and value, and leadership in market penetration.
Verint was honored with this award largely due to its acclaimed Nextiva® IP Video portfolio. Nextiva serves as a single source for virtually every facet of video operations, from video viewing management and analytics software, to IP cameras, encoders, and network video recorders. Designed to enhance any video network, it streamlines management of large, geographically dispersed video operations and helps organizations realize the benefits of IP video leveraging their legacy video investments.
Verint Video Intelligence Solutions serves a wide range of industries including government, critical infrastructure and homeland security; airports, seaports and public transportation; and retail, banking, education and commercial enterprise.
"The total IP surveillance market—including IP surveillance management software, encoders, IP cameras and NVRs—is the fastest growing segment in the security industry," states Frost & Sullivan Industry Analyst Dilip Sarangan. "Verint is one of the original companies in this market and has maintained a healthy market share with a strategic mix of innovation, effective communication and a comprehensive, best-in-class product portfolio."
“Winning the 2010 North American IP Surveillance Software Company of the Year Award is an honor and testament to our commitment to delivering world-class IP video solutions, to the partners that help shape the reputation of our Nextiva IP Video Management solution and make it widely available across the markets we serve, and to the customers who partner with us to make it a strategic asset in their day-to-day business operations,” adds Elan Moriah, president, Verint Video Intelligence Solutions and Verint® Witness Actionable Solutions®.
Honors for Frost & Sullivan’s 2010 North American IP Surveillance Software Company of the Year Award will be presented by the firm as part of its 2010 Excellence in Industrial Technologies Awards Banquet taking place April 29 in San Antonio, Texas.
About Frost & Sullivan Company of the Year Awards
The Frost & Sullivan Award for Company of the Year is presented each year to the company that has demonstrated unparalleled excellence within its industry. The award is based on numerous factors including the company's business development, competitive strategy, customer satisfaction and leadership within a particular Frost & Sullivan Industry Research Group (IRG). This company is perceived to exhibit outstanding management and consistent growth. The company must offer high quality products and/or services and have positive social and economic impact on local and national communities. The company’s customer service offerings and performance are expected to be of very high caliber. The company should have proven expertise in taking advantage of market changes by capturing and solidifying market presence, or through execution of innovative strategies within the existing competitive landscape.
About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company’s Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.
About Verint Video Intelligence Solutions
Verint® Video Intelligence Solutions™ is the leading global provider of networked video solutions designed to enhance the security of people, property and assets. Its award-winning Nextiva® portfolio features IP video management software, integrated analytics, encoders, cameras, wireless devices and intelligent DVRs for use across a variety of vertical market environments. 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® Systems, Inc. (verint.com) is a global leader in Actionable Intelligence® solutions and value-added services. Our solutions enable organizations of all sizes to make timely and effective decisions to improve enterprise performance and make the world a safer place. More than 10,000 organizations in over 150 countries—including over 80 percent of the Fortune 100—use Verint solutions to capture, distill, and analyze complex and underused information sources, such as voice, video, and unstructured text. Headquartered in Melville, New York, we support our customers around the globe directly and with an extensive network of selling and support partners.
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, 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, 2009. 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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