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Verint Named North American IP Surveillance Software Co. of the Year

 Verint was honored by Frost and Sullivan largely due to its Nextiva IP Video portfolio.

Verint Systems Inc. was named the “2010 North American IP Surveillance Software Company of the Year” by Frost & Sullivan, a global analyst and consultancy firm.

Frost & Sullivan based the choice on the company’s strength in the areas of growth strategy excellence, growth implementation excellence, degree of innovation with products and technologies, leadership in customer satisfaction and value, and leadership in market penetration.

Verint, based in Melville, N.Y., was honored largely due to its Nextiva IP Video portfolio. Nextiva serves as a single source for virtually every facet of video operations, from video viewing management and analytics software, to IP cameras, encoders, and network video recorders. Designed to enhance any video network, it streamlines management of large, geographically dispersed video operations and helps organizations realize the benefits of IP video leveraging their legacy video investments.

Verint Video Intelligence Solutions serves a wide range of industries including government, critical infrastructure and homeland security; airports, seaports and public transportation; and retail, banking, education and commercial enterprise.

“The total IP surveillance market—including IP surveillance management software, encoders, IP cameras and NVRs—is the fastest growing segment in the security industry,” said Frost & Sullivan Industry Analyst Dilip Sarangan. “Verint is one of the original companies in this market and has maintained a healthy market share with a strategic mix of innovation, effective communication and a comprehensive, best-in-class product portfolio.”

“Winning the 2010 North American IP Surveillance Software Company of the Year Award is an honor and testament to our commitment to delivering world-class IP video solutions, to the partners that help shape the reputation of our Nextiva IP Video Management solution and make it widely available across the markets we serve, and to the customers who partner with us to make it a strategic asset in their day-to-day business operations,” said Elan Moriah, president, Verint Video Intelligence Solutions and Verint Witness Actionable Solutions.

Frost & Sullivan will presentthe honor as part of its 2010 Excellence in Industrial Technologies Awards Banquet taking place April 29 in San Antonio, Texas.

The Frost & Sullivan Award for Company of the Year is presented each year to the company that has demonstrated unparalleled excellence within its industry. The award is based on numerous factors including the company’s business development, competitive strategy, customer satisfaction and leadership within a particular Frost & Sullivan Industry Research Group (IRG). This company is perceived to exhibit outstanding management and consistent growth. The company must offer high quality products and/or services and have positive social and economic impact on local and national communities. The company’s customer service offerings and performance are expected to be of very high caliber. The company should have proven expertise in taking advantage of market changes by capturing and solidifying market presence, or through execution of innovative strategies within the existing competitive landscape.

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