Company Recognized as a Leader in CEC Workforce Optimization for Eighth Consecutive Year
MELVILLE, N.Y., December 9, 2015 – Verint® Systems Inc. (NASDAQ: VRNT) today announced that it has achieved the highest and furthest overall position for its ability to execute and completeness of vision in the new Magic Quadrant for Customer Engagement Center Workforce Optimization (WFO) report by research and advisory firm Gartner, Inc.* This placement marks the eighth consecutive year that the company has appeared in the Magic Quadrant as a Leader.
On an annual basis, Gartner evaluates the WFO technology landscape and places providers of the technology in one of four quadrants. It states that Leaders “provide functionally broad and deep WFO solutions that can be deployed and supported globally. Their software is suitable for all sizes and complexities of enterprises, and has broad industry coverage. Revenue is strong, and new references are readily available.”1
In the new 2015 report published December 8, a dozen vendors were evaluated in two key areas—“ability to execute” and “completeness of vision”—across 15 distinct criteria. Ability to execute includes an evaluation on product/service, overall viability, sales execution/pricing, market responsiveness/record, marketing execution, customer experience, and operations. Completeness of vision criteria covers market understanding, market strategy, sales strategy, offering (product) strategy, business model, vertical/industry strategy, innovation and geographic strategy.2
Gartner defines the key WFO functional domains as including “strategic planning; recruitment; workforce management— including intraday optimization; call recording and quality management; coaching and e-learning; performance management; surveying—focused on capturing operational and agent performance information; and interaction analytics—audio and text analytics, combined with screen analytics, emotion detection and associated operational call data.”3
“As the market matures, we are placing greater emphasis on solution integration/unification and the number of WFO customers (including reference customers) using the entire suite,” note report authors Gartner Research Directors Jim Davies and Sorell Slaymaker. “Also of growing importance is the emergence of the omnichannel customer engagement center.” 4
“Verint is pleased to be recognized as a Leader positioned the highest and furthest overall for execution and vision in this year’s Magic Quadrant for Customer Engagement Center Workforce Optimization,” says Elan Moriah, president, Verint Enterprise Intelligence Solutions™and Verint Video and Situation Intelligence Solutions™. “We believe this placement reaffirms our vision, unified approach to WFO as an important part of a broad customer engagement optimization solution platform, and ability to help organizations achieve their goals and drive better business outcomes.”
*1-4: Gartner, Inc. Magic Quadrant for Customer Engagement Center Workforce Optimizationby Jim Davies, Sorell Slaymaker, December 8, 2015.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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.
1 Accenture Consulting, “Compliance: Dare to be Different, 2017 Compliance Risk Study”
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, our Quarterly Report on Form 10-Q for the quarter ended July 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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