Verint® Systems, Inc. today announced the signing of a patent agreement that makes Eventide Inc., a provider of recording technologies, a licensee and participant in Verint’s Open Innovation Network™. The agreement enables Eventide to use Verint’s patented technologies in its offerings, positioning Eventide to broaden the breadth and scope of its solutions and deliver incrementally greater value to its customers.
The Open Innovation Network provides access to Verint’s industry-leading intellectual property portfolio, which today includes more than 500 Verint patents and patent applications worldwide. This growing portfolio is indicative of Verint’s strength in identifying market needs and the company’s ongoing investment, innovation, and leadership in the enterprise intelligence and security intelligence solutions markets. Established as part of Verint’s long-term strategy to safeguard its intellectual assets, the Open Innovation Network promotes innovation and technology advancement on an industry scale.
According to Richard Factor, CEO, Eventide,“The Verint Open Innovation Network offers a unique opportunity to leverage the innovative technologies for which Verint is recognized worldwide. We fully and enthusiastically support the Verint initiative to promote industry innovation and collaboration and the benefits it offers to the public safety ecosystem.”
“Verint is pleased to welcome Eventide to the Verint Open Innovation Network,” adds Peter Fante, chief legal and compliance officer, Verint. “This agreement is further recognition of the strategic value that Verint innovation can offer organizations to help enhance their offerings, increase market share and deliver ROI to customers and stakeholders, benefiting the industry as a whole.”
Verint’s Open Innovation Network expands competitive licensing of Verint’s protected technologies and patent rights, reduces the incidence and costs of patent infringement, and encourages collaboration and innovation on an industry scale.
About Verint Systems, Inc.
Verint® (verint.com) 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.
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 year ended January 31, 2011 and our Quarterly Report on Form 10-Q for the quarter ended October 31, 2011. 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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