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4-Traders Homepage  >  Equities  >  Nasdaq  >  Verint Systems Inc.    VRNT

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Verint Systems Inc. : Verint Participating in Launch of "Total Airport Security Solution" Field Trial at London's Heathrow Airport

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11/19/2012 | 02:35pm CEST

Multi-Level Video and Situation Intelligence Solution Designed to Create Integrated Airport Security Monitoring Platform

Verint® Systems Inc. (NASDAQ: VRNT) today announced that it is leading and providing key technologies to the first Total Airport Security Solution (TASS) proof-of-concept at Heathrow in London. TASS is comprised of a multi-level video and situation intelligence offering specifically designed to help airports advance their threat detection capabilities.

Verint, the TASS consortium initiator and coordinator, along with several key partners from leading European technology companies, launched the field testing of the TASS prototype in October 2012. During the trial, three pre-identified security threat scenarios are being tested, allowing members within the airport community to observe and evaluate the TASS system.

Part of the Seventh EU Framework Program (FP7), TASS is a four year project that is expected to run until March 2014. The TASS consortium is led by Verint and composed of 20 leading European technology companies, research institutes and end-user organizations.

The purpose of TASS is to enable an advanced, integrated approach to airport security by creating an entire airport situation intelligence solution that provides real-time, accurate situational awareness to airport authorities. Based on integrating and fusing different types of real-time sensors and sub-systems for data collection, TASS operates in a variety of modes, including fixed and mobile, and under any environmental condition. TASS represents a significant step forward in developing the model for integrated systems at airports, which typically have a range of systems and sensors not natively designed to interoperate or share intelligence in a coordinated manner.

Heathrow security officials will continue to conduct several simulated scenarios testing the system's functionality and interoperability with the integrated technologies. Among the technology being used in the field trial are Verint's Nextiva® Video Management Software? (VMS) and Nextiva PSIM?, a physical security information management solution. The Verint VMS solution is a powerful video management application designed to view video, monitor system health and export information for investigative purposes. Nextiva PSIM captures information from a variety of security, safety and building management systems; enables users to view, correlate and analyze the information to identify situations quickly and efficiently; and helps initiate and manage responses to security situations in collaboration with local authorities and agencies. The Nextiva solutions are open-standards based and have been integrated with the other consortium key partner technologies.

"The TASS consortium is pleased to execute and monitor its first proof-of-concept testing at Heathrow," says Gideon Hazzani, TASS project coordinator and director of business development, Verint Communications and Cyber Intelligence Solutions?. "Heathrow's sophisticated environment made it an attractive candidate for the trial. Upon integrating the various systems, the consortium will continue its field trial to validate the Total Airport Security Solution's ability to deliver real-time data to security authorities, enabling them to quickly identify and assess situations, and effectively respond to alerts within pre-defined parameters set forth by the airport."

About the TASS Consortium

TASS is funded by the European Commission under the 7th Framework Programme, Theme 10 - "Security", call FP7-SEC-2009, Work Programme Topic 2.2.2 "Integrated Comprehensive Approach to Airport Security." The TASS consortium consists of 20 European partners that come together from a wide spectrum of operational, industrial and academic fields, ranging from sensor design, electronic communications, security applications and civil protection. The members of the consortium include: Verint - the consortium coordinator, Ernst & Young (Israel) - the project administrator, Heathrow Airport (UK), Athens International Airport (Greece), ANA-Airports of Portugal, BAE (UK), Red-M (UK), Immersion SAS (France), Real Fusio (France), GMV Sistemas (Spain, Portugal), Rapiscan Systems Limited (UK), Elbit Security Systems (Israel), Mentum (France), University of Rome La Sapienza, INNOV (Portugal), CRAT (Italy), NCSR (Greece), Vitrociset Spa (Italy), Alcatel Lucent Italia Spa (Italy), University of Dublin, Trinity College (Ireland) and the ACREO Institute (Sweden).

About Verint Security Intelligence Solutions

Verint® Security Intelligence Solutions? help government and commercial organizations protect people and property and neutralize terror and crime. Its Security Intelligence portfolio--which features solutions for Communications and Cyber Intelligence, Video Intelligence, Situation Management and Public Safety--generates Actionable Intelligence® through the analysis of voice, video and unstructured text. This Actionable Intelligence enables security professionals and first responders to implement a more comprehensive, effective approach to gathering intelligence, managing security operations, optimizing emergency management, and improving safety and security.

About Verint Systems Inc.

Verint® (NASDAQ: VRNT) 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. Learn more 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 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.

VERINT, ACTIONABLE INTELLIGENCE, INTELLIGENCE IN ACTION, IMPACT 360, WITNESS, VERINT VERIFIED, VOVICI, GMT, AUDIOLOG, ENTERPRISE INTELLIGENCE SOLUTIONS, SECURITY INTELLIGENCE SOLUTIONS, VOICE OF THE CUSTOMER ANALYTICS, NEXTIVA, EDGEVR, RELIANT, VANTAGE, STAR-GATE, ENGAGE, CYBERVISION, FOCALINFO, SUNTECH, and VIGIA are trademarks or registered trademarks of Verint Systems Inc. or its subsidiaries. Other trademarks mentioned are the property of their respective owners.

Industry Information
Verint Systems
Marije Gould
+44(0)1932 509298
marije.gould@verint.com
or
Investor Relations
Verint Systems Inc.
Alan Roden
631-962-9304
alan.roden@verint.com


© Business Wire 2012
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EBIT 2017 235 M
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