Verint Witness Actionable Solutions Recognized by Ovum and Speech Technology Magazine for Innovation, Technology Leadership and Customer Sentiment

MELVILLE, N.Y.--(BUSINESS WIRE)--SpeechTEK 2010, New York Marriott Marquis, New York City, Booth #617

“This recognition from the analyst and media community is a tribute in our focus in helping organizations excel through innovation, partnership and embody our focus on customer success as they drive meaningful change within their organizations.”

Verint^® Systems Inc. (NASDAQ: VRNT) today announced that it has advanced its market standing in analyst firm Ovum’s Decision Matrix: Selecting a Speech Analytics Vendor research, published in July 2010. Recipient of the firm’s highest-issued valuation—a “shortlist” rating—Verint^® Witness Actionable Solutions^® led in the areas of market impact and technical assessment with high scores in end-user sentiment. Coupled with its strong position in the firm’s report, the company also has been named a “2010 Market Leader” award winner by Speech Technology magazine.

Earning Ovum’s Top Rating

Ovum’s research explores the competitive dynamics within the contact center speech analytics market with a focus on helping businesses with vendor selection based on technology strength, reputation among customers, and impact on the market. Carrying the firm’s “shortlist” valuation, Verint was top in market impact—including revenues, customer size, vertical reach, geographic reach and recognition. Verint also led in the technical assessment—topping the list in core technology, analytics features, interface, packaged solutions, reporting, integration, deployment, solution maturity, and solution breadth and depth. End-user sentiment also resulted in high scores most notably for capabilities tied to product quality and vertical specialization.

According to Ovum, “Customers rated it [Verint] highly for both product quality, and features and functionality…the results of the customer survey reflect Verint’s technical strengths.” The firm also pointed to Verint as one of the only vendors to provide a separate speech analytics solution for mid-market enterprises.

Aphrodite Brinsmead, analyst, Ovum, comments, “Verint has gained a significant market share in the speech analytics sector by leveraging its large base of existing call recording and quality monitoring customers. It continues to innovate in the workforce optimization technology market, developing its speech and desktop analytics capabilities. Its Impact 360 Speech Analytics has a broad feature set and was rated highly by Verint’s customers, leading to the vendor being rated “shortlist” in Ovum’s Decision Matrix. Verint provides a compelling solution for customers looking for a fully integrated workforce optimization suite with strong analytics capabilities.”

Receiving Speech Technology Leader Honor

As stated in the publication’s July/August feature story, “Expanded processing power, improved software algorithms and system performance, and technological advances have all led to explosive potential for growth in all sorts of markets and corners of the world.” Focused on these measures—including depth of functionality, accuracy and customer satisfaction—Speech Technology examined a range of technology and services based on research and analyst evaluations to make its top picks in the “2010 Market Leader” Speech Analytics category. The publication describes Verint as a major player in the market, stating “Verint has a much larger install base and has a higher-power solution, counting major enterprises among its customer base.”

“Finding the right operational data, customer feedback and business intelligence to make strategic business improvements can be a challenge. Every day, thousands of Verint customers use Impact 360 to do just that,” adds Nancy Treaster, senior vice president and general manager, Verint Witness Actionable Solutions. “This recognition from the analyst and media community is a tribute in our focus in helping organizations excel through innovation, partnership and embody our focus on customer success as they drive meaningful change within their organizations.”

Visit Verint this week at Booth 617 during SpeechTEK, August 2-4, for a view into the latest in Impact 360 Speech analytics and its full-range of workforce optimization solutions.

About Ovum

Ovum provides clients with independent and objective analysis that enables them to make better business and technology decisions. Our research draws upon over 400,000 interviews a year with business and technology, telecoms and sourcing decision-makers, giving Ovum and our clients unparalleled insight not only into business requirements but also the technology that organizations must support. Ovum is part of the Datamonitor group.

About Verint Witness Actionable Solutions

Verint^® Witness Actionable Solutions^® is the leader in enterprise workforce optimization software and services. Its solutions are designed to help organizations of all sizes capture customer intelligence, uncover business trends, discover the root cause of employee and customer behavior, and optimize the customer experience. From contact centers to remote office, branch and back-office operations, its award-winning, next-generation Impact 360^® Workforce Optimization suite is the industry’s most unified solution set—featuring quality monitoring and recording, workforce management, customer interaction analytics (speech analytics, data analytics and customer feedback surveys), desktop and process analytics, performance management, eLearning and coaching. Impact 360 helps improve the entire customer service delivery network, powering the right decisions to help ensure service excellence and transform organizations into customer-centric enterprises.

About Verint Systems Inc.

Verint^® Systems Inc. is a global leader in Actionable Intelligence^® solutions and value-added services. Our 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 80 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, we support our 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.” Visit us at our website www.verint.com.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, 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, 2010. 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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