France's Grenoble Transport Authority Selects Verint Networked Video Solution; Solution to Enhance Transit Security and Ensure
August 01 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 France's Grenoble Transport Authority has
deployed Verint's Networked Video solution across its network of
trams to ensure a safe and secure travel environment for tourists
and local residents. Grenoble, located in the French Alps, is a
major tourist center and attracts visitors from across Europe and
around the world each year. The city's tramway, in operation since
1987, transports more than 100,000 people each day. The deployment
of Verint's Networked Video solution will enable transit personnel
to monitor the safety and security of passengers as they travel
through the city. The solution was delivered in conjunction with
Verint partner SLE. "We are pleased to help the Transport Authority
of Grenoble enhance security of its city-wide tram system
infrastructure," said Dan Bodner, President and CEO of Verint
Systems Inc. "We have significant experience working with transit
system operators around the world and are committed to delivering
actionable intelligence solutions for this important market." The
Verint Mobile Video solution is part of the Nextiva(R) portfolio,
which enables organizations of all sizes, from small and mid-sized
enterprises to major government and commercial organizations, to
enhance the security of their facilities and infrastructure and the
performance of their business 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, Nextiva
helps 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
communications interception, networked video security and
surveillance, 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; the impact of governmental
inquiries arising out of or related to option grants; 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 Mercom and 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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