Verint Receives Multiple Honors for Facial Recognition Technology
New FaceDetect Analytics Solution Awarded by Security Today and the Security Industry Association for Delivery of Actionable Intelligence in Real-World Situations
MELVILLE, N.Y., May 24, 2018 — Verint® Systems Inc. (Nasdaq: VRNT) today announced that it was named the recipient of multiple technology awards for its new Verint FaceDetect™ solution last month. This award recognition highlights the benefits that Verint’s advanced face recognition solution brings to government and private sector entities through sophisticated, multi-layered algorithms that help organizations protect people and property in mission-critical environments.
The Verint FaceDetect analytics solution was named a gold-level winner in video analytics in the 2018 Government Security Awards from Security Today, an industry-leading security news platform for security dealers, integrators and end-users focused on innovation and problem-solving solutions. The solution also received an honorable mention in the video analytics category of Security Industry Association’s New Product Showcase, which recognizes innovative products, services and solutions in electronic physical security that protect life and property in residential, commercial and institutional settings.
Verint FaceDetect was selected for these honors for its ability to leverage artificial intelligence to imitate a human’s ability to recognize persons of interest. This innovative approach allows the technology to adapt to and learn from new scenarios, similar to how the human brain processes information. Based on a GPU-based system designed to achieve optimum performance, accuracy and scalability, it addresses the growing need for advanced facial recognition in real-world environments where heavily populated and diverse subject matter are the norm.
The Verint solution can easily leverage an organization’s existing security infrastructure and supports up to 10 cameras per GPU and video streams from any IP camera, including PTZ devices. Using Verint FaceDetect, organizations can identify persons of interest—regardless of face obstructions, aging, disguises and ethnicity. It also features real-time and forensic comparison capabilities against large databases with millions of faces, and can instantaneously add individuals to watch-lists.
“With Verint FaceDetect, organizations can streamline investigations and empower operators to make rapid, informed decisions without expensive infrastructure changes. These facets, coupled with the solution’s accuracy and unique ability to perform in real-world environments, mark just a few of the reasons it was selected for these exciting honors,” explains Verint’s Alan Stoddard, vice president and general manager, situational intelligence solutions.
About Verint Systems Inc.
Verint® (Nasdaq: VRNT) is a global leader in Actionable Intelligence® solutions with a focus on customer engagement optimization, security intelligence, and fraud, risk and compliance. Today, over 10,000 organizations in more than 180 countries—including over 85 percent of the Fortune 100—count on intelligence from Verint solutions to make more informed, effective and timely decisions. Learn more about how we’re creating A Smarter World with Actionable Intelligence® at www.verint.com.
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, uncertainties and assumptions, 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, 2018 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, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ.
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