MOUNTAIN VIEW, Calif.,
Sept. 13, 2011 /PRNewswire/ -- Based
on recent analysis of the video surveillance market, Frost &
Sullivan has named Verint® a recipient of its 2011 North American
Customer Value Enhancement Award for excellence in proactively
delivering value to customers. Frost & Sullivan selected Verint
for this prestigious award based on the company's proven ability to
provide advanced video intelligence solutions tailored to specific
vertical markets, including retail, finance, and critical
infrastructure, as well as to deliver significant added value via
sophisticated analytics functionality that enables Verint customers
to leverage security video to generate business intelligence.
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The award recognizes the continued evolution of Verint's Nextiva
IP video portfolio, the company's ongoing investment in research
and development, a strong customer-centric focus evident in the
company's robust customer services suite, and Verint's commitment
to empowering its customers to realize ongoing value from Verint
solutions.
"Frost & Sullivan recognizes Verint's continued commitment
to delivering innovative, value-added solutions that enable its
customers to maximize the value of their security investments,"
states Frost & Sullivan Industry Analyst Dilip Sarangan. "The company continues to
deliver new functionality that allows companies to not only secure
people and property, but to use security video to develop
strategies for generating revenue, increasing customer satisfaction
and loyalty, optimizing the workforce, and operating more
effectively."
Over the past few years, Verint has expanded its Nextiva®
portfolio, which today includes next-generation video management
software, physical security information management, video
analytics, IP cameras, encoders and decoders, wireless devices, and
networked video recorders. As a technology industry leader, the
company continues to invest in complementary technologies that help
customers achieve greater return on investment and improve
operational efficiency. Following its recent acquisition of
Rontal's Physical Security Information Management (PSIM)
technology, Verint also launched the Nextiva PSIM™ solution to
expand its current portfolio.
Additionally, Verint continues to introduce new analytics
capabilities to its Nextiva IP video portfolio designed to increase
the business value of video captured for security and loss
prevention purposes. Nextiva Retail Traffic Analytics, Queue
Management, People Counting, and other Nextiva analytics
applications allow users to leverage security video to more
carefully align their operations with customer wants and needs for
the purpose of improving customer service and satisfaction, driving
revenue, allocating staff more efficiently, and operating more cost
effectively.
"The video surveillance market generated revenues of
$10.23 billion in 2010 at a growth
rate of 9.2 percent and Verint has maintained its market share at
1.4 percent globally to remain one of the top 10 companies in the
market," said Sarangan. "This growth reflects its leadership
position in video surveillance as well as Actionable
Intelligence®."
In recognition of its leadership in the video surveillance
market and ability to enhance customer value, Frost & Sullivan
is proud to recognize Verint Systems with its Customer Value
Enhancement Award.
Frost & Sullivan's Best Practices Awards recognize companies
in a variety of regional and global markets for demonstrating
outstanding achievement and superior performance in areas such as
leadership, technological innovation, customer service and
strategic product development. Industry analysts compare market
participants and measure performance through in-depth interviews,
analysis and extensive secondary research in order to identify best
practices in the industry.
About Verint Systems
Verint® Systems Inc. is a global leader in Actionable
Intelligence® solutions and value-added services. Its solutions
enable organizations of all sizes to make timely and effective
decisions to improve enterprise performance and make the world a
safer place. More than 10,000 organizations in over 150 countries –
including over 85 percent of the Fortune 100 – use Verint solutions
to capture, distill and analyze complex and underused information
sources, such as voice, video and unstructured text. Headquartered
in Melville, New York, the company
supports customers around the globe directly and with an extensive
network of selling and support partners. Verint is listed on the
NASDAQ Stock Market under the symbol "VRNT." For more information,
visit http://www.verint.com.
About Frost & Sullivan
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SOURCE Frost & Sullivan