Eventide Joins Verint Open Innovation Network
January 17 2012 - 8:30AM
Business Wire
Verint® Systems Inc. (NASDAQ: VRNT) today
announced the signing of a patent agreement that makes Eventide
Inc., a provider of recording technologies, a licensee and
participant in Verint’s Open Innovation Network™. The agreement
enables Eventide to use Verint’s patented technologies in its
offerings, positioning Eventide to broaden the breadth and scope of
its solutions and deliver incrementally greater value to its
customers.
The Open Innovation Network provides access to Verint’s
industry-leading intellectual property portfolio, which today
includes more than 500 Verint patents and patent applications
worldwide. This growing portfolio is indicative of Verint’s
strength in identifying market needs and the company’s ongoing
investment, innovation, and leadership in the enterprise
intelligence and security intelligence solutions markets.
Established as part of Verint’s long-term strategy to safeguard its
intellectual assets, the Open Innovation Network promotes
innovation and technology advancement on an industry scale.
According to Richard Factor, CEO, Eventide, “The Verint Open
Innovation Network offers a unique opportunity to leverage the
innovative technologies for which Verint is recognized worldwide.
We fully and enthusiastically support the Verint initiative to
promote industry innovation and collaboration and the benefits it
offers to the public safety ecosystem.”
“Verint is pleased to welcome Eventide to the Verint Open
Innovation Network,” adds Peter Fante, chief legal and compliance
officer, Verint. “This agreement is further recognition of the
strategic value that Verint innovation can offer organizations to
help enhance their offerings, increase market share and deliver ROI
to customers and stakeholders, benefiting the industry as a
whole.”
Verint’s Open Innovation Network expands competitive licensing
of Verint’s protected technologies and patent rights, reduces the
incidence and costs of patent infringement, and encourages
collaboration and innovation on an industry scale. Additional
information about the Verint Open Innovation Network can be found
here.
About Verint Systems Inc.
Verint® (NASDAQ: VRNT) is the global leader in Actionable
Intelligence® solutions and value-added services. Its extensive
portfolio of Enterprise Intelligence Solutions™ and Security
Intelligence Solutions™ helps worldwide organizations capture and
analyze complex, underused information sources—such as voice, video
and unstructured text—to enable more timely, effective decisions.
More than 10,000 organizations in 150 countries, including over 85
percent of the Fortune 100, use Verint solutions to improve
enterprise performance and make the world a safer place.
Headquartered in N.Y. and a member of the Russell 3000 Index,
Verint has offices worldwide and an extensive global partner
network. Learn more at www.verint.com.
This press release contains forward-looking statements,
including statements regarding expectations, predictions, views,
opportunities, plans, strategies, beliefs, and statements of
similar effect relating to Verint Systems Inc. These
forward-looking statements are not guarantees of future performance
and they are based on management's expectations that involve a
number of risks and uncertainties, any of which could cause actual
results to differ materially from those expressed in or implied by
the forward-looking statements. For a detailed discussion of these
risk factors, see our Annual Report on Form 10-K for the year ended
January 31, 2011 and our Quarterly Report on Form 10-Q for the
quarter ended October 31, 2011. The forward-looking statements
contained in this press release are made as of the date of this
press release and, except as required by law, the Company assumes
no obligation to update or revise them or to provide reasons why
actual results may differ.
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