VRNT Verint Systems Inc

Verint Systems Inc. (NASDAQ: VRNT), a leading provider of analytic software-based solutions for security and business intelligence, today announced that Provident Bank, headquartered in Baltimore, MD, has deployed Verint�s Networked Video solution to enhance security at approximately 150 branch locations and 250 Automated Teller Machines (ATMs) located throughout Maryland, Washington D.C. and Central Virginia. With more than $6.4 billion in assets, Provident Bank is the second largest independent bank headquartered in Maryland. Since 1886, Provident Bank has provided traditional financial services to retail banking customers, and offered related financial services through wholly owned subsidiaries, including securities brokerage, investment management and related insurance services through the Provident Investment Center. Verint�s Networked Video solution, deployed over the past year, enables Provident Bank to centrally monitor activities at its retail branches, in-store retail locations and ATMs and to distribute video intelligence across the Provident Bank intranet to authorized security personnel to enhance fraud prevention and investigations and to help resolve customer disputes in a timely manner. �For more than 120 years, Provident Bank has provided a safe and convenient service experience to our customers throughout the Mid-Atlantic region,� said Michael Collins, Security Manager, Provident Bank. �Verint�s solutions and their deep understanding of the unique security challenges that face the banking industry will help us to maintain this tradition of providing secure and flexible financial solutions that fit the lives of our customers.� Verint�s Networked Video Solutions enable 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. �Verint has a significant presence in the retail banking market and we are pleased to help Provident Bank effectively address their security requirements,� said Dan Bodner, Verint�s CEO and President. �Our networked video solutions are designed to provide multi-site institutions with the actionable intelligence they need to maintain secure operations, prevent fraud and rapidly resolve internal investigations.� 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. 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, as well as certain other accounting matters, 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 likely delisting of Verint's common stock on NASDAQ; the impact of governmental inquiries arising out of or related to option grants or other matters; 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. Verint Systems Inc. (NASDAQ: VRNT), a leading provider of analytic software-based solutions for security and business intelligence, today announced that Provident Bank, headquartered in Baltimore, MD, has deployed Verint's Networked Video solution to enhance security at approximately 150 branch locations and 250 Automated Teller Machines (ATMs) located throughout Maryland, Washington D.C. and Central Virginia. With more than $6.4 billion in assets, Provident Bank is the second largest independent bank headquartered in Maryland. Since 1886, Provident Bank has provided traditional financial services to retail banking customers, and offered related financial services through wholly owned subsidiaries, including securities brokerage, investment management and related insurance services through the Provident Investment Center. Verint's Networked Video solution, deployed over the past year, enables Provident Bank to centrally monitor activities at its retail branches, in-store retail locations and ATMs and to distribute video intelligence across the Provident Bank intranet to authorized security personnel to enhance fraud prevention and investigations and to help resolve customer disputes in a timely manner. "For more than 120 years, Provident Bank has provided a safe and convenient service experience to our customers throughout the Mid-Atlantic region," said Michael Collins, Security Manager, Provident Bank. "Verint's solutions and their deep understanding of the unique security challenges that face the banking industry will help us to maintain this tradition of providing secure and flexible financial solutions that fit the lives of our customers." Verint's Networked Video Solutions enable 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. "Verint has a significant presence in the retail banking market and we are pleased to help Provident Bank effectively address their security requirements," said Dan Bodner, Verint's CEO and President. "Our networked video solutions are designed to provide multi-site institutions with the actionable intelligence they need to maintain secure operations, prevent fraud and rapidly resolve internal investigations." 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. 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, as well as certain other accounting matters, 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 likely delisting of Verint's common stock on NASDAQ; the impact of governmental inquiries arising out of or related to option grants or other matters; 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.