Silicon Valley Public Transportation System Upgrades to Verint's Next Generation Mobile Video Solution; Santa Clara Valley Tran
June 06 2006 - 8:30AM
Business Wire
Verint Systems Inc. (NASDAQ: VRNT), a leading provider of analytic
software-based solutions for security and business intelligence,
today announced that the Santa Clara Valley Transportation
Authority (VTA) is deploying its next generation Mobile Video
Solution to enhance security on buses operating throughout Silicon
Valley. VTA provides public transportation services for more than
37 million trips per year throughout Santa Clara County and the
counties of Alameda, Santa Cruz, San Mateo and San Francisco. As
part of a long-term transit improvement plan, VTA will receive an
upgrade of Verint's latest Mobile Video Solution onboard its buses
and a multi-year service agreement. The system will help VTA
operations personnel create a safer environment for passengers and
transit system employees. "The mission of the Santa Clara Valley
Transportation Authority is to provide its customers with a safe
and operationally efficient county-wide public transportation
system," said Michael Burns, VTA's General Manager. "VTA believes
Verint's mobile video solution will enhance the safety of its
riders and employees while further improving the operational
processes across our mass transit system." "We are pleased to help
VTA improve the security of its transportation system," said Dan
Bodner, President and CEO of Verint Systems Inc. "We have
significant experience working with transportation authorities
around the world and are committed to delivering innovative
networked video solutions to enhance security for the mass transit
industry." Verint Networked Video Solutions enable government and
commercial organizations to enhance the security of their
facilities and infrastructure and the performance of their
operations by networking video across multiple locations and
applying advanced content analytics to extract actionable
intelligence from live and stored video. By alerting security
personnel to potential security threats, Verint Networked Video
Solutions are designed to help organizations prevent security
breaches, improve response time and enhance operational efficiency.
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 as a result of 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 on 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. 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
owner.
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