Pennsylvania Convention Center, Philadelphia, PA
Verint Booth #3315
Verint® Systems Inc. (NASDAQ: VRNT) today announced that The Container Store® - the nation's originator and leading retailer of storage and organization products - is deploying its Nextiva® IP Video suite, including such solutions as video management and video business intelligence software, IP cameras and encoders. With these integrated capabilities, the organization will have the tools it needs to further its focus on customer experiences and workforce optimization, along with the ability to support other key retail operations requirements, such as loss prevention and security.
The Container Store operates 57 retail locations across the country, offering its customers more than 10,000 time- and space-saving solutions to organize every area of their home or office. The Container Store's commitment to its values-based business philosophies that it calls its Foundation Principles ™ and its employee-first culture has landed the retailer on FORTUNE magazine's list of "100 Best Companies to Work For" for 13 consecutive years.
As the retailer has transitioned to an IP infrastructure and expanded into new and existing markets, it has continued to invest in supporting solutions focused on the customer experience, its employee-first culture, business performance and loss prevention. As a result, the Verint Nextiva suite has become a key foundation to furthering its customer and employee engagement and security strategies.
The Container Store's investment in the Verint Nextiva solutions began in January 2012 and has continued to include new store installations, existing store upgrades and an implementation at the company's headquarters in Coppell, Texas. In all, Nextiva has been selected as the standard platform to manage video operations for its retail chains across the U.S.
"At The Container Store, we pride ourselves on offering customers innovative and functional storage and organization solutions to help them simplify their lives, save space and save time. As we build upon our success, world-class customer service, exceptionally trained employees and open communication will remain critical," says Joan Manson, vice president, loss prevention, payroll, benefits and legal, The Container Store.
Adds Manson,"Being able to keep our stores secure, empower our employees and provide high-caliber customer experiences remain core to our philosophy. We believe that Verint Nextiva is an investment in our retail stores, our employees and our customers. Information is power, and the intelligence derived through Nextiva will enable us to make faster, better decisions about our customers' wants and our business needs, all in a safe and secure environment."
The Nextiva IP Video portfolio goes beyond loss prevention to provide retailers with the security and business intelligence solutions they need to help increase sales and secure assets, improve workforce productivity and heighten customer satisfaction. With Nextiva, retailers can capture and analyze shopper movement patterns to enhance customers' in-store experiences, gain operational efficiencies and increase conversion rates. Such capabilities as People Counting™, Queue Management™ and Retail Traffic Analytics™ provide intelligence into customer traffic, shopping patterns and behavior patterns, along with high-traffic areas, dwell periods and line queue wait times. Such insight also can be used to drive marketing and merchandising, as well as staffing and scheduling decisions.
About The Container Store
The Container Store (containerstore.com) currently has 57 locations across the country and offers 10,000 time- and space-saving organization solutions. The Container Store offers free closet design services every day in its stores and online using elfa®, the premiere shelving and drawer system. For more information about store locations, the product collection and services offered. Sales for 2012 are expected to exceed $700 million. The Container Store is privately held.
About Verint Video Intelligence Solutions
Verint® Video Intelligence Solutions™ help protect banks and financial institutions, retail chains and supermarkets, and enterprise and critical infrastructure, enhancing the safety of people, property and assets. Our award-winning Nextiva® portfolio features IP video and physical security information management software, integrated analytics, encoders, cameras, wireless devices and intelligent NVRs. Open, standards-based and IT friendly, Verint solutions help organizations realize the benefits of IP video leveraging their legacy video investments.
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 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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