Verint Receives More Than $35 Million Order for Security Solution
January 10 2017 - 8:41AM
Business Wire
Reflects Verint’s Broad Portfolio of Cyber Intelligence
Capabilities
Verint® Systems Inc. (Nasdaq: VRNT) today announced that it has
received an order valued at more than $35 million for multiple
components of its Cyber Intelligence portfolio.
“We are pleased to win another competitive, large order, which
reflects our advanced technology and domain expertise,” says Elad
Sharon, president, Cyber Intelligence Solutions, Verint. “We
believe our sophisticated Cyber Intelligence portfolio can help
customers effectively address pressing security threats, and that
we are well positioned to sustain long-term growth in the security
market.”
The contract was awarded to Verint by an existing prime
contractor following a competitive process, and like most
government-related contracts, it includes terms that allow the
customer to increase or reduce the scope of the project in the
future. The deployment is expected to take approximately two years.
The scope of the order received by Verint includes multiple
components of the Verint Cyber Intelligence portfolio, as well as
components that Verint will acquire from third-party vendors and
deliver as part of a turn-key solution.
Given the delivery schedule, this order is not expected to have
a material impact on Verint’s fourth quarter results or Verint’s
ability to achieve its previously provided guidance for the current
year ending January 31, 2017. Verint continues to expect a decline
in Cyber Intelligence revenue in the current fiscal year compared
to the prior year. However, this order, combined with overall
recent business activity, provides the company with increased
confidence that the decline in its Cyber Intelligence business this
year was temporary and that the Cyber Intelligence business will
return to growth during Verint’s next fiscal year ending January
31, 2018.
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, more than 10,000 organizations in approximately
180 countries—including over 80 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.
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, 2016, our Quarterly
Report on Form 10-Q for the quarter ended October 31, 2016, 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, MAKE BIG DATA ACTIONABLE,
CUSTOMER-INSPIRED EXCELLENCE, INTELLIGENCE IN ACTION, IMPACT 360,
WITNESS, VERINT VERIFIED, KANA, LAGAN, VOVICI, GMT, VICTRIO,
AUDIOLOG, CONTACT SOLUTIONS, OPINIONLAB, CUSTOMER ENGAGEMENT
SOLUTIONS, ENTERPRISE INTELLIGENCE SOLUTIONS, SECURITY INTELLIGENCE
SOLUTIONS, VOICE OF THE CUSTOMER ANALYTICS, NEXTIVA, EDGEVR,
RELIANT, VANTAGE, STAR-GATE, ENGAGE, CYBERVISION, FOCALINFO,
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170110005776/en/
Investor
Relations:Verint Systems Inc.Alan Roden,
631-962-9304alan.roden@verint.com
Verint Systems (NASDAQ:VRNT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Verint Systems (NASDAQ:VRNT)
Historical Stock Chart
From Apr 2023 to Apr 2024