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Verint Systems Inc.

Company Profile Analysis

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Verint Systems Inc. - Semiconductor showcase

Year Founded & Workforce

2002

4,300 Employees

Industry

Semiconductor

Services

Speech Recognition Market
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Verint Systems Inc. Overview

Company Headquarters: US

Founded: 2002

Workforce: ~4,300

Company Working: The company was founded in 2002 and is headquartered in New York, United States. The company is engaged in selling software and hardware products for customer engagement management, security, surveillance, and business intelligence. The company’s products are designed to assist clients in data analysis, specifically large data sets. The company is also engaged in offering voice and digital intelligent virtual assistant (IVA). The company has more than 10,000 clients in 150 countries and has approximately 4,300 employees in various locations internationally. The company was previously a majority-owned subsidiary of Comverse Technology, and it was formerly known as Comverse Infosys.

Strategy

The company focus on two Actionable Intelligence use cases: Actionable Intelligence for a Smarter Enterprise and Actionable Intelligence for a Safer World. The company’s strategy is to combine the latest artificial intelligence, analytics, and automation technology with deep domain expertise unique to each of markets. The company has invested more than $1 billion in R&D over the last decade in highly innovative Actionable Intelligence platform, which provides a foundation for the company’s solution portfolio across both use cases. The company will also continue to expand broad portfolios through innovative technology, combined with further developing domain expertise in both Customer Engagement and Cyber Intelligence.

Company Snapshot

$846.53M

Revenue

4,300

Employees

2002

Founded

US

Headquarters

SWOT Analysis

Strengths

  • High level of customer satisfaction
  • Strong dealer community
  • Strong Brand Portfolio

Weaknesses

  • There are gaps in the product range sold by the company

Opportunities

  • The emergence of new market segments
  • Expansion opportunities in emerging markets

Threats

  • Currency fluctuations
  • Shortage of skilled workforce in certain global market

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Key Developments

DateApproachDevelopment
–Product LaunchVerint, the Customer Engagement Company, announced Verint Intelligent Virtual Assistant Professional (IVA Pro) Package, a low-code conversational artificial intelligence (AI) offering that can rapidly turn existing conversation data into automated self-service experiences. Verint IVA enables businesses to expand capabilities across the enterprise with boundless intelligence for both voice and digital.

Product Offering

  • Verint Systems Inc.
    • Speech Recognition Market

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 846.5 Mn in 2020 to USD 874.5 Mn in 2022.
Verint Systems Inc. — By Business Segment
Series (USD Mn)202020212022
Sales846.5830.3874.5

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