Verint Placed in "Leaders" Quadrant of 2012 Magic Quadrant for Contact Center Workforce Optimization

MELVILLE, N.Y.--(BUSINESS WIRE)--

Verint^® Systems Inc. VRNT today announced that it has been positioned in the “Leaders” quadrant of the newly published “Magic Quadrant for Contact Center Workforce Optimization” report from research and advisory firm Gartner, Inc. Verint's standing in the firm's November 7, 2012 report is based on the company's completeness of vision and ability to execute.¹

On an annual basis, Gartner evaluates the contact center workforce optimization (WFO) technology landscape and positions providers in one of four quadrants. According to the firm, “Leaders in the WFO market provide functionally broad and deep WFO solutions that can be deployed and supported globally. Their software is suitable for all sizes and complexities of enterprises and has broad industry coverage. Revenue is strong, and new references are readily available.”²

According to report author and Gartner Research Director Jim Davies, “The benefits of a WFO suite approach range from having a single-vendor contract and a lower TCO to removing integration problems, and the incorporation of cross-functional workflow is driving adoption.”³ He adds, “As the market matures, greater emphasis is being placed on solution integration/unification and WFO customers/references using the entire suite. Embedded analytics is of greater importance, as is a clear strategy for mobile and social alignment and SaaS-based deployment.”⁴

Additionally, the report points to the impact of and rise in analytics solutions, stating that “Multichannel interaction analytics has matured to the point where adoption should now be considered, due to the insight and business value that can be obtained. It should be viewed as an integral part of a WFO solution, and not a stand-alone luxury item.”⁵

“We believe Gartner's placement of Verint in the Leaders quadrant demonstrates our commitment to customer success and innovation, including our approach to helping organizations use the multichannel voice of their customers to drive operational excellence,” says Elan Moriah, president, Verint Enterprise Intelligence Solutions^™ and Verint Video Intelligence Solutions^™. “We remain focused on helping organizations worldwide take a customer-centric approach to their WFO deployments, including innovative ways to make their big data actionable throughout their enterprises—from the contact center, to branch and back-office operations, to other groups that help shape the ultimate customer experience.”

Verint's Magic Quadrant standing is based on the company's ability to execute—covering its product/service; overall viability; sales execution/pricing; market responsiveness and track record; marketing execution; customer experience; and operations—and its completeness of vision, which includes innovation; business model; market understanding; marketing strategy; sales strategy; offering (product) strategy; vertical/industry strategy; and geographic strategy.⁶

By Gartner's definition, “WFO solutions contain complementary functions designed to improve contact center performance through the optimized deployment of appropriately trained and motivated agents. Functions range from recruitment and scheduling to evaluation and training. By adding intelligence to each of these functions, the ability to further optimize this cycle is achievable. Key functional domains include: workforce management (WFM) and strategic planning, call recording and quality management (QM), coaching and e-learning, performance management (PM), surveying (focused on capturing operational and agent performance information), and interaction analytics (audio and text analytics combined with screen analytics, emotion detection and associated operational call data).”⁷

About the Gartner Magic Quadrant

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Verint Enterprise Intelligence Solutions

Verint^® Enterprise Intelligence Solutions^™ help organizations of all sizes capture and analyze customer interactions, sentiments and trends across multiple channels, improve performance and optimize the customer experience. The solution portfolio includes the Impact 360^® Workforce Optimization^™ suite and Voice of the Customer software, which serve as strategic enterprise assets for increasing customer satisfaction and loyalty, enhancing products and services, reducing operating costs and driving revenue.

About Verint Systems Inc.

Verint^® 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.

^1-7 Gartner “Magic Quadrant for Contact Center Workforce Optimization” by Jim Davies, November 7, 2012

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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