Verint® Systems Inc. (NASDAQ: VRNT) today announced that the United States Patent and Trademark Office (PTO) has issued a fundamental patent to Verint in the area of recording as a network service. This patent and its related families of issued and pending patents significantly strengthen the company’s industry-leading patent portfolio comprised of more than 460 patents and applications worldwide across the company’s enterprise workforce optimization and security intelligence solutions. The patent also reinforces Verint’s leadership with more than 160 patents and applications relating to recording.
“Behind our leadership is a history of innovation represented by our portfolio of patents. This essential patent covers recording as a network service, an emerging technology trend that gives business users more control of managing recordings, while also minimizing complex technology integration support issues,” says Dan Bodner, president and CEO, Verint Systems. “This is yet another example of our commitment to innovation through our strong patent portfolio, which provides us significant competitive advantages in the market, increases barriers to entry for our competitors, and delivers reliable, secure solutions to our customers and partners globally.”
The recently issued network recording patent (U.S. Pat. 7,660,307), entitled “Systems and Methods for Providing Recording as Network Service,” covers methods and systems for a network or switch to receive instructions that IP packets associated with a communication are to be recorded. The issuance of this patent further validates the company’s domain leadership and demonstrates its ability to foresee and shape the evolution of recording technology. The network, it believes, is becoming increasingly capable of absorbing some of the lower level functions that previously had to be undertaken by external recording hardware and software. Through this patent, Verint enables the network to become a more powerful platform for the sort of applications that businesses have come to expect as essential in managing their workforce and communications.
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. Verint is listed on the NASDAQ Stock Market under the symbol “VRNT.”
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, including the risk that there can be no assurance that patents we have been issued will be sufficiently broad to protect our technologies, products, or services and that our intellectual property rights may be invalidated, designed around, or challenged. For a detailed discussion of these risk factors, see our Annual Report on Form 10-K for the year ended January 31, 2010. 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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