Based on its recent analysis of the European mass transit security market, Frost & Sullivan has recognised Verint Systems with the 2007 Company of the Year Award for leading the way in developing sophisticated analytic software-based solutions for business intelligence and the challenging area of mass transit security. This award commends Verint’s achievement in developing networked video solutions that create actionable intelligence for decision makers by collecting, retaining, and analysing transmissions from video, voice and IP networks.
“Verint has displayed a high level of market sophistication through its knowledge of mass transit security market characteristics and has leveraged this knowledge and its technological prowess to great effect,” says Frost & Sullivan Research Analyst Friso Buker. “Verint’s products and services are employed in mass transit networks throughout major European nations, and the company is already poised to take advantage of numerous high-value security projects still to come.”
Verint’s Nextiva Transit is a next-generation video management platform designed specifically to address the complex security needs of mass transit systems today. This advanced platform allows transit authorities to enhance the effectiveness of mass transit security initiatives, helping them pro-actively counter threats, improve emergency event response, and conduct more productive investigations.
Verint’s keen understanding of the unique challenges of mass transit security in terms of its inherently mobile nature and high degree of vulnerability, as well as its knowledge of the different requirements of individual mass transit systems has enabled the company to develop integrated IP video security and surveillance solutions that help transit authorities considerably enhance passenger and employee safety.
Apart from Nextiva Transit, the Nextiva product line boasts of a wide variety of advanced security products including Intelligent Edge Devices which enable digital recording of video and data from practically any location in the mass transit system and advanced analytics which can automatically highlight events for further investigation through the use of programmable security policies.
What is commendable about the company is that it is constantly looking to add value to its offerings by taking customer suggestions into consideration. By giving importance to the voice of the customer, Verint has been able to incorporate additional non-security related capabilities and functionalities.
Some of these functionalities include analytic capabilities to count the number of people in buses or trains for fleet management purposes and IP-based camera specifically designed for mass transit vehicles that will enable automatic video data downloads as well as automate equipment ‘health checks’.
Having experienced early success in mass transit systems in Sweden and the United Kingdom, Verint has leveraged this accomplishment to promote its ability to provide effective security systems to one of the most challenging threat domains in the world. These early successes have given potential customers a clear idea of the application of Verint’s solutions and how they could be used to secure their own transit systems.
As a result, Verint has achieved considerable success in Spain and France as well, and is also set to enjoy further success in Germany, Italy, Portugal and Norway. All these countries are looking to secure their mass transit security systems.
“With its catalogue of market successes providing an excellent backdrop to approach future mass transit security projects around Europe, and its proactive addition of value-added offerings, Verint is ideally positioned to continue its exceptional success in the mass transit security market,” concludes Buker.
Each year Frost & Sullivan presents this award to the company that has demonstrated excellence in capturing market share within the mass transit security industry. The recipient has demonstrated strategic excellence in product innovation, marketing, and sales strategies that have resulted in the largest gain in market share over the past 2 to 3 years.
Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
About Verint Systems
Verint Systems Inc. (verint.com), headquartered in Melville, New York, is a leading provider of analytic software-based solutions for workforce-enterprise optimization and security. Verint software, which is used by over 5,000 organizations in over 100 countries worldwide, generates actionable intelligence™ through the collection, retention and analysis of voice, fax, video, email, Internet and data transmissions from multiple communications networks
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.