Verint's ULTRA Solution Recognized for Market Penetration Leadership; Frost & Sullivan Award Highlights Company's Enterprise Ac
May 08 2006 - 8:00AM
Business Wire
Verint Systems Inc. (NASDAQ: VRNT), a leading provider of analytic
software-based solutions for security and business intelligence,
today announced that global growth consulting firm, Frost &
Sullivan, has named Verint the recipient of its 2006 Market
Penetration Leadership Award for Quality Monitoring. Frost &
Sullivan recognized Verint's root cause analytics solutions as a
cornerstone of its success in this market. The Frost & Sullivan
Award for Market Penetration Leadership is presented each year to
the company that has demonstrated strategic excellence in product
innovation, marketing, and sales strategies. Said lead Frost and
Sullivan analyst Seema Lall, "The past couple of years have been
outstanding years for Verint during which they continually
demonstrated leadership in product innovation, customer acquisition
and market expansion." Lall continued, "Verint has been a pioneer
in the analytics space and its root cause analytics solutions and
approach are delivering strong value to their enterprise customer
base." Verint's ULTRA(TM) suite goes beyond traditional performance
management and workforce optimization tools, enabling businesses to
understand not only what is happening in their operations, but to
also identify the underlying causes. ULTRA provides actionable
intelligence on such critical issues as why agents are
underperforming, why customers are dissatisfied or why enterprise
processes are ineffective. Armed with this intelligence, ULTRA
enables managers to take action to improve workforce performance,
enhance the effectiveness of up-sell and cross sell initiatives and
reduce customer defection and churn. "We are pleased that our ULTRA
solution has been recognized for the innovation and business value
that it delivers to our global customers," said Dan Bodner,
President and CEO of Verint Systems. "ULTRA delivers actionable
intelligence that enables decision makers to focus on enhancing the
performance and processes that will have the greatest impact on
their business." For more information about Frost & Sullivan
Best Practices Awards please visit www.awards.frost.com or
www.enterprise.frost.com About Verint Systems Inc. Verint Systems
Inc., headquartered in Melville, New York, is a leading provider of
analytic software-based solutions for security and business
intelligence. Verint software, which is used by over 1,000
organizations in over 50 countries worldwide, generates actionable
intelligence through the collection, retention and analysis of
voice, fax, video, email, Internet and data transmissions from
multiple communications networks. Verint is a subsidiary of
Comverse Technology, Inc. (NASDAQ: CMVT). Visit us at our website
www.verint.com. Note: Certain statements concerning Verint's future
revenues, earnings per share, results or prospects are
"forward-looking statements" under the Private Securities
Litigation Reform Act of 1995. There can be no assurances that
forward-looking statements will be achieved, and actual results
could differ materially from forecasts and estimates. Important
risks, uncertainties and other important factors that could cause
actual results to differ materially include, among others:
potential impact on Verint's financial results related to
Comverse's creation of a special committee of the Board of
Directors of Comverse to review matters relating to grants of
Comverse stock options, including but not limited to, the accuracy
of the stated dates of Comverse option grants and whether Comverse
followed all of its proper corporate procedures and the results of
the Comverse special committee's review; the effect of Verint's
failure to timely file all required reports under the Securities
Exchange Act of 1934, and the resultant potential delisting of
Verint's common stock from NASDAQ; introducing quality products on
a timely basis that satisfy customer requirements and achieve
market acceptance; lengthy and variable sales cycles create
difficulty in forecasting the timing of revenue; integrating the
business and personnel of CM Insight; risks associated with
significant foreign operations, including fluctuations in foreign
currency exchange rates; aggressive competition in all of Verint's
markets, which creates pricing pressure; integrating the business
and personnel of MultiVision, including implementation of adequate
internal controls; managing our expansion in the Asia Pacific
region; risks that Verint's intellectual property rights may not be
adequate to protect its business or that others may claim that
Verint infringes upon their intellectual property rights; risks
associated with integrating the business and employees of Opus and
RP Sicherheissysteme GMBH; risks associated with Verint's ability
to retain existing personnel and recruit and retain qualified
personnel in all geographies in which Verint operates; decline in
information technology spending; changes in the demand for Verint's
products; challenges in increasing gross margins; risks associated
with changes in the competitive or regulatory environment in which
Verint operates; dependence on government contracts; expected
increase in Verint's effective tax rate; perception that Verint
improperly handles sensitive or confidential information; inability
to maintain relationships with value added resellers and systems
integrators; difficulty of improving Verint's infrastructure in
order to be able to continue to grow; risks associated with
Comverse Technology, Inc. controlling Verint's business and
affairs; and other risks described in filings with the Securities
and Exchange Commission. All documents are available through the
SEC's Electronic Data Gathering Analysis and Retrieval system
(EDGAR) at www.sec.gov or from Verint's website at www.verint.com.
Verint makes no commitment to revise or update any forward-looking
statements except as otherwise required by law. Verint, the Verint
word mark, Actionable Intelligence, Powering Actionable
Intelligence, STAR-GATE, RELIANT, NEXTIVA, LORONIX, SmartSight,
Lanex and ULTRA are trademarks of Verint Systems Inc. Other names
may be trademarks of their respective owners.
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