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Verint

Verint to acquire Victrio

Adds voice recognition, fraud detection to security offerings
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10/29/2013

MENLO PARK, Calif.—When you hear “This call may be recorded for quality assurance,” chances are good that Verint is behind it. With the Oct. 29 acquisition of Victrio, Verint’s call data can now help protect customers from fraud by using advanced voice biometric technology.

SDI redesigns sales effort

Integrator hires Jeremy Howard to set up national vertically focused sales effort based in Dallas
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10/18/2013

CHICAGO—With two major acquisitions closed in the past several months, SDI has grown rapidly and is now turning its attention to its sales organization. It announced Oct. 17 that it has hired former Jeremy Howard, a former Avigilon VP, to set up a national vertically focused sales effort.

Verint VMS deployed on Minneapolis public transport

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05/03/2013

MINNEAPOLIS, Minn., and MELVILLE, N.Y.—The Metro Transit in Minneapolis and St. Paul, Minn., is standardizing parts of its transportation platform with Verint’s Nextiva VMS, according to a company statement.

SDI, Pro-Tec, and Premier Electric partner on airport job

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01/18/2013

MINNEAPOLIS and MELVILLE, N.Y.—System Development Integration, a systems integrator specializing in airport security technologies, will install a Verint systems to deliver the first phase of the Minneapolis-Saint Paul International Airport’s integrated video and information systems network surveillance system, according to a joint statement.

A NICE Verint deal?

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Tuesday, January 15, 2013

Will there be a very nice Verint NICE deal soon? That's what the rumor mill says.

Rueters reported yesterday that Verint Systems stock was up more than 7 percent and NICE shares were up 6.7 percent on reports from Globes, an Israeli financial site, that said Nice Systems is talking to Verint about buying it for $1.5 billion.

It's said to be a cash and stock offer that would "represent a 19 percent premium on its market cap of $1.26 billiion," according to Rueters.

I called NICE and Verint for comment and heard back from Erik Snider, NICE director of corporate communications. Snider said via email, "As policy, NICE does not comment on such rumors."

This possible acquisition comes as Verint is about to become an independent company, something I reported on last fall. Here's that story. 

I spoke to Michael McManus of Imperial Capital, who noted that if this deal happens it's not necessarily a "security thematic" play, as both NICE and Verint have non-security divisions. "They're much more than two VMS companies," he said.

The fact that Verint is scheduled next month to become independent from its former owner and former messy capital capital structure is important, McManus noted. (Take a look at the link above to learn about some of the compllications Verint had with its parent company.) 

Once Verint does become independent, it will be the first time that that it "would be separated from its past troubles—the first time in recent memory that it would be possible [for someone to acquire Verint] in a clean deal," McManus said.

McManus speculated that NICE may want to make a preemptive offer just as Verint is about to become public and "before a U.S.-based interloper" makes on offer for Verint.

I also have a call into  Verint, no word yet.

Stay tuned.

 

Verint to become independent, public company

Deal announced to ‘buy out’ parent company in share exchange
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08/15/2012

MELVILLE, N.Y.—If the merger deal with its parent company, Comverse Technology Inc. (CTI), goes through as planned, video surveillance provider Verint will be a 100 percent independent public company as early as February.

The push for standards

Will the WTC project affect the future of standards development, and other enterprise projects?
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09/12/2011

NEW YORK—Will a marquee security project like the World Trade Center affect how enterprise-level projects are designed and implemented in the future? Or, will this project, which involves multiple manufacturers working together, translate to momentum for establishing standards in the security industry? Several of those involved in the project believe that may be the case.

Second annual summit for managed and hosted video

Attendees laud opportunity inherent in managed services
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06/16/2011

BOULDER, Colo.—Envysion held its second annual Hosted & Managed Video Summit here just prior to the annual ESX show from June 6-7. There was a sold out crowd of more than 75 participants this year, up 50 percent from last year, according to Envysion VP of product and marketing Carlos Perez.

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