Leading U.S. Financial Services Organization Implementing Nextiva IP Video Portfolio from Verint to Advance Security in Retail Branch Locations
Organization to Leverage Comprehensive Security Solution to Help Deter Fraud and Enhance the Safety of Its Customers, Employees and Communities
MELVILLE, N.Y.--(BUSINESS WIRE)-- Verint® Systems Inc. (NAS: VRNT) today announced that a leading financial services institution is implementing its Nextiva® Financial IP Video suite, including the Nextiva EdgeVR® versatile network video recorders, powerful Nextiva S5000 series IP cameras, and robust Nextiva Vid-Center™ and Nextiva Op-Center™ video management and viewing software. The organization will use the comprehensive solution across its U.S.-based retail branch locations and corporate facilities.
As a long-standing customer, the financial institution extended its investment in Verint technology to further the benefits inherent through the Nextiva security portfolio. The integrated, networked IP video solution will deliver surveillance for the company's entire network of ATM and teller operations to help meet security requirements and stringent banking regulations.
In October 2010, the organization embarked on an initial modernization project to outfit many of its branches with the Nextiva EdgeVR networked video solution. With this second phase of this initiative, it is standardizing on the Nextiva EdgeVR platform for the remaining bank branches across the U.S. throughout 2012 and into 2013.
"We're pleased that this major U.S. financial services institution has extended its investment in Verint solutions, standardizing on the Nextiva portfolio," says Debjit Das, vice president, global marketing, Verint Video Intelligence Solutions™. "As ever, Verint is committed to providing unique, value-oriented solutions for a variety of environments, including finance and banking."
Using the Nextiva EdgeVR, Nextiva S5000 series IP cameras, and Nextiva Vid-Center and Nextiva Op-Center management software, the organization can monitor branch locations, record ATM and teller transactions, and quickly recall data for fraud investigative purposes. The hybrid analog/IP capabilities and security and business system interfaces of the EdgeVR enable it to scale video operations more readily, providing greater long-term value and lower migration costs. Nextiva IP cameras include high-definition video with up to two megapixels in resolution, providing crystal clear images, ultra-efficient bandwidth management and excellent performance. The unified Nextiva Vid-Center and Nextiva Op-Center video viewing and management software enables centralized monitoring and a comprehensive view across the financial institution's entire network with up to 64 camera views per screen.
About Verint Video Intelligence Solutions
Verint® Video Intelligence Solutions™ help protect banks and financial institutions, retail chains and supermarkets, and enterprise and critical infrastructure, enhancing the safety of people, property and assets. Our award-winning Nextiva® portfolio features IP video and physical security information management software, integrated analytics, encoders, cameras, wireless devices and intelligent NVRs. Open, standards-based and IT friendly, Verint solutions help organizations realize the benefits of IP video leveraging their legacy video investments.
About Verint Systems Inc.
Verint® (NAS: 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 fiscal year ended January 31, 2012 and our Quarterly Report on Form 10-Q for the quarter ended July 31, 2012, and other filings we make with the SEC. 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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