Verint
Encyclopedia
Verint Systems is a company providing analytic software and hardware for the security
, surveillance
, and business intelligence
markets. Their products are aimed to support government and enterprises in making sense of the vast information they collect to meet performance and security goals. Verint solutions are used by more than 10,000 organizations in 150 countries. Verint is headquartered in Melville, New York
, with offices worldwide and some 2,800 employees around the globe. Verint is a 57 percent-owned subsidiary of Comverse Technology
and it was formerly known as Comverse Infosys. As with Comverse, approximately half of Verint's employees have been located in Israel
.
IP
surveillance cameras and "smart" video surveillance analysis software
Verint's RELIANT software provides law enforcement agencies with the ability to monitor and analyze voice, video, and data for a "vast number of targets" on all types of large, complex computer networks, in order to collect evidence for CALEA
wiretaps. Multiple national governments including the U.S., U.K., and various European,Asian, and Pacific nations have purchased millions of dollars in Verint surveillance
software and equipment.
Verint has also received millions of dollars in government contracts
to outfit airports, shipping ports, and government facilities with intelligent video surveillance systems with tracking, biometrics
, and video analysis features. For example, Unisys
chose Verint as a subcontractor on its contract with the Transportation Security Administration
, to install video surveillance devices in secure areas of airports across the U.S.
In July 2009, AMR Research
ranked Verint 20th in its list of the top 50 global enterprise application vendors. During the latter portion of the decade of the 2000s, the company has won several awards from CRM Magazine.
In 2011, Verint announced the launch of enhancements to its Nextiva Video Business Intelligence solution. The solution is part of the Nextiva IP Video portfolio from Verint Video Intelligence solutions.
's Comverse Infosys business unit, which was created in 1999 although it was also incorporated in Delaware in February 1994 as a wholly owned subsidiary of Comverse Technology
. Verint’s initial focus was on the commercial call recording market, which at the time was transitioning from analog tape to digital recorders. In 1999, Comverse Infosys expanded into the security market by combining with another division of Comverse focused on the communications interception market. In 2001, Verint expanded its security offering into video security through a combination of its business with Loronix Information Systems, Inc., which had been previously acquired by Comverse. In 2002, Comverse Infosys changed its name to Verint Systems Inc.
Verint completed an IPO in May 2002, commencing its beginnings as a public company although it was still majority owned by Comverse Technology
. Verint subsequently grew both organically and through acquisitions. Since 2006, these acquisitions included: the networked video security business of Hong Kong-based MultiVision Intelligent Surveillance Limited; CM Insight Limited, a UK-based, customer management solution provider; Mercom Systems Inc., a provider of interaction recording and performance evaluation solutions for small-to-midsize contact centers and public safety centers; ViewLinks Euclipse Ltd., an Israeli-based provider of data mining and link analysis software solutions. Verint’s largest acquisition was of Witness Systems, Inc. in May 2007, which strengthened Verint’s leadership position in the enterprise workforce optimization market. A subsequent acquisition was of Iontas, in early 2010, a provider of desktop analytics solutions.
Beginning with a stock options backdating scandal in 2006, parent company Comverse Technology
suffered a series of financial reporting problems, losses and layoffs, with one consequence that both Comverse and Verint were delisted from the NASDAQ stock market in 2007 and ended up on the Pink Sheets
. In July 2010, Verint was relisted on the NASDAQ stock market under the symbol VRNT. By that year, there was considerable talk that Comverse Technology would sell its remaining interest in Verint, with some private equity firms mentioned as possible buyers.
Security
Security is the degree of protection against danger, damage, loss, and crime. Security as a form of protection are structures and processes that provide or improve security as a condition. The Institute for Security and Open Methodologies in the OSSTMM 3 defines security as "a form of protection...
, surveillance
Surveillance
Surveillance is the monitoring of the behavior, activities, or other changing information, usually of people. It is sometimes done in a surreptitious manner...
, and business intelligence
Business intelligence
Business intelligence mainly refers to computer-based techniques used in identifying, extracting, and analyzing business data, such as sales revenue by products and/or departments, or by associated costs and incomes....
markets. Their products are aimed to support government and enterprises in making sense of the vast information they collect to meet performance and security goals. Verint solutions are used by more than 10,000 organizations in 150 countries. Verint is headquartered in Melville, New York
Melville, New York
Melville is a hamlet and census-designated place in the town of Huntington in Suffolk County on Long Island, New York, in the United States. As of the 2000 census, 14,533 people resided there.-Location:...
, with offices worldwide and some 2,800 employees around the globe. Verint is a 57 percent-owned subsidiary of Comverse Technology
Comverse Technology
Comverse Technology, Inc. , originally founded in Israel, is a technology company located in Woodbury, New York in the United States, that develops and markets telecommunications software. The company focuses on providing value-added services to telecommunication service providers, in particular to...
and it was formerly known as Comverse Infosys. As with Comverse, approximately half of Verint's employees have been located in Israel
Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...
.
Products
Verint's products include speech analysis software (used for IVR systems) andIP
Internet Protocol
The Internet Protocol is the principal communications protocol used for relaying datagrams across an internetwork using the Internet Protocol Suite...
surveillance cameras and "smart" video surveillance analysis software
Verint's RELIANT software provides law enforcement agencies with the ability to monitor and analyze voice, video, and data for a "vast number of targets" on all types of large, complex computer networks, in order to collect evidence for CALEA
Communications Assistance for Law Enforcement Act
The Communications Assistance for Law Enforcement Act is a United States wiretapping law passed in 1994, during the presidency of Bill Clinton...
wiretaps. Multiple national governments including the U.S., U.K., and various European,Asian, and Pacific nations have purchased millions of dollars in Verint surveillance
Surveillance
Surveillance is the monitoring of the behavior, activities, or other changing information, usually of people. It is sometimes done in a surreptitious manner...
software and equipment.
Verint has also received millions of dollars in government contracts
Government contracts
Government procurement in the United States is based on many of the same principles as commercial contracting, but is subject to special laws and regulation as described below....
to outfit airports, shipping ports, and government facilities with intelligent video surveillance systems with tracking, biometrics
Biometrics
Biometrics As Jain & Ross point out, "the term biometric authentication is perhaps more appropriate than biometrics since the latter has been historically used in the field of statistics to refer to the analysis of biological data [36]" . consists of methods...
, and video analysis features. For example, Unisys
Unisys
Unisys Corporation , headquartered in Blue Bell, Pennsylvania, United States, and incorporated in Delaware, is a long established business whose core products now involves computing and networking.-History:...
chose Verint as a subcontractor on its contract with the Transportation Security Administration
Transportation Security Administration
The Transportation Security Administration is an agency of the U.S. Department of Homeland Security that exercises authority over the safety and security of the traveling public in the United States....
, to install video surveillance devices in secure areas of airports across the U.S.
In July 2009, AMR Research
AMR Research
AMR Research, Inc. was an independent research firm, sold to Gartner Research for $64 million in 2009, which focused on the global supply chain and its supporting technologies...
ranked Verint 20th in its list of the top 50 global enterprise application vendors. During the latter portion of the decade of the 2000s, the company has won several awards from CRM Magazine.
In 2011, Verint announced the launch of enhancements to its Nextiva Video Business Intelligence solution. The solution is part of the Nextiva IP Video portfolio from Verint Video Intelligence solutions.
History
Verint origins are in Comverse TechnologyComverse Technology
Comverse Technology, Inc. , originally founded in Israel, is a technology company located in Woodbury, New York in the United States, that develops and markets telecommunications software. The company focuses on providing value-added services to telecommunication service providers, in particular to...
's Comverse Infosys business unit, which was created in 1999 although it was also incorporated in Delaware in February 1994 as a wholly owned subsidiary of Comverse Technology
Comverse Technology
Comverse Technology, Inc. , originally founded in Israel, is a technology company located in Woodbury, New York in the United States, that develops and markets telecommunications software. The company focuses on providing value-added services to telecommunication service providers, in particular to...
. Verint’s initial focus was on the commercial call recording market, which at the time was transitioning from analog tape to digital recorders. In 1999, Comverse Infosys expanded into the security market by combining with another division of Comverse focused on the communications interception market. In 2001, Verint expanded its security offering into video security through a combination of its business with Loronix Information Systems, Inc., which had been previously acquired by Comverse. In 2002, Comverse Infosys changed its name to Verint Systems Inc.
Verint completed an IPO in May 2002, commencing its beginnings as a public company although it was still majority owned by Comverse Technology
Comverse Technology
Comverse Technology, Inc. , originally founded in Israel, is a technology company located in Woodbury, New York in the United States, that develops and markets telecommunications software. The company focuses on providing value-added services to telecommunication service providers, in particular to...
. Verint subsequently grew both organically and through acquisitions. Since 2006, these acquisitions included: the networked video security business of Hong Kong-based MultiVision Intelligent Surveillance Limited; CM Insight Limited, a UK-based, customer management solution provider; Mercom Systems Inc., a provider of interaction recording and performance evaluation solutions for small-to-midsize contact centers and public safety centers; ViewLinks Euclipse Ltd., an Israeli-based provider of data mining and link analysis software solutions. Verint’s largest acquisition was of Witness Systems, Inc. in May 2007, which strengthened Verint’s leadership position in the enterprise workforce optimization market. A subsequent acquisition was of Iontas, in early 2010, a provider of desktop analytics solutions.
Beginning with a stock options backdating scandal in 2006, parent company Comverse Technology
Comverse Technology
Comverse Technology, Inc. , originally founded in Israel, is a technology company located in Woodbury, New York in the United States, that develops and markets telecommunications software. The company focuses on providing value-added services to telecommunication service providers, in particular to...
suffered a series of financial reporting problems, losses and layoffs, with one consequence that both Comverse and Verint were delisted from the NASDAQ stock market in 2007 and ended up on the Pink Sheets
Pink Sheets
OTC Markets Group, Inc., informally known as "Pink Sheets", is a private company that provides services to the U.S. over-the-counter securities market including electronic quotations, trading, messaging, and information platforms. According to the U.S. Securities and Exchange Commission, OTC...
. In July 2010, Verint was relisted on the NASDAQ stock market under the symbol VRNT. By that year, there was considerable talk that Comverse Technology would sell its remaining interest in Verint, with some private equity firms mentioned as possible buyers.
Acquisitions
In 2011, Verint Systems acquired Global Management Technologies Corporation. The software company paid $24.6 million for GMT.See also
- BiometricsBiometricsBiometrics As Jain & Ross point out, "the term biometric authentication is perhaps more appropriate than biometrics since the latter has been historically used in the field of statistics to refer to the analysis of biological data [36]" . consists of methods...
- Business intelligenceBusiness intelligenceBusiness intelligence mainly refers to computer-based techniques used in identifying, extracting, and analyzing business data, such as sales revenue by products and/or departments, or by associated costs and incomes....
- CCTV Cameras
- Communications Assistance For Law Enforcement ActCommunications Assistance for Law Enforcement ActThe Communications Assistance for Law Enforcement Act is a United States wiretapping law passed in 1994, during the presidency of Bill Clinton...
- Mass surveillanceMass surveillanceMass surveillance is the pervasive surveillance of an entire population, or a substantial fraction thereof.Modern governments today commonly perform mass surveillance of their citizens, explaining that they believe that it is necessary to protect them from dangerous groups such as terrorists,...
- SurveillanceSurveillanceSurveillance is the monitoring of the behavior, activities, or other changing information, usually of people. It is sometimes done in a surreptitious manner...