Verint Recognized for Customer Engagement Leadership in 2021 CRM Industry Leader Awards

The Customer Engagement Company Earns Accolades for Innovations in Cloud, AI, and Analytics Critical to Drive Digital-First Customer Experience Excellence Across the Enterprise

Verint^® (NASDAQ: VRNT), The Customer Engagement Company^™, today announced it was recognized in The 2021 CRM Industry Leader Awards by CRM Magazine in the Best Workforce Optimization (WFO) and Best Contact Center Analytics categories.

CRM’s Annual Industry Leader Awards are given to the top five vendors in 10 categories spanning sales, marketing, and customer service. CRM magazine asked its panel of judges, comprised of industry analysts and consultants, which CRM platforms in a particular category, including customer service, they would recommend and are most trusted in the industry today.

Selected for advances in omnichannel customer experience, predictive analytics and real-time monitoring capabilities, Verint continues to be a leading innovator in speech analytics. Verint recently acquired Conversocial, adding to its capabilities around social media and messaging channels, but CRM magazine notes that Verint has long been a powerhouse in the analytics space: “Its latest efforts have centered on unifying its various contact center, data, analytics, and knowledge products into enterprise-wide interaction hubs, a move that will position it well for years to come. Also of note is the company’s efforts to infuse its Da Vinci AI and Analytics—which includes advanced machine learning models, natural language processing, sentiment, intent models, and analytics engines—into the Verint Customer Engagement Cloud Platform.”

Verint Speech and Text Analytics uses AI and machine learning to surface customer sentiment and powerful insights that help organizations improve customer experience, drive efficiency, and increase sales performance. The solution automatically discovers and analyzes words, phrases, categories, themes and emerging trends from 100 percent of customer interactions and reveals areas of opportunity or concern. Verint currently processes more than seven billion calls, seven trillion words per year, transcribing and analyzing calls in over 77 languages and variants across its global customer base. Verint speech and text analytics are consistently top-rated by customers and are some of the most widely deployed solutions in the world. The addition of Conversocial will expand its robust support for digital customer engagement, with connections to most of the commonly used messaging channels, including Apple Business Chat, Facebook Messenger, Twitter, and WhatsApp.

Verint’s Workforce Engagement (WFE) solution was named the top vendor in the WFO category, and CRM magazine states, “Verint’s industry leadership can be seen in the number of companies that have partnered with Verint to bring its WFM solutions to their own contact center offerings. These include Fuze and 8x8, both of which inked integration partnerships with Verint in just the past few months.”

Verint’s WFE offering brings together functionality for automated quality monitoring and recording; speech, text, and desktop and process analytics; workforce management; performance management, and more. The solutions help organizations improve performance and profitability by empowering contact center, branch, and back-office operations to deliver exceptional customer experiences while also reducing costs.

“Leveraging analytics to unlock meaning and intent puts organizations at the forefront of exceptional customer engagement,” says Verint’s Celia Fleischaker, chief marketing officer. “Optimizing the contact center workforce that supports this mission-critical effort is key. Being named a CRM Industry Leader reflects our commitment to innovations in AI and automation to redefine the customer and employee experience and achieve omnichannel success, including offering new digital touchpoints for customer service through social channels – all with the purpose to help our customers orchestrate a digital-first customer journey and create differentiated experiences at scale.”

About Verint

Verint^® (Nasdaq: VRNT) helps the world’s most iconic brands – including over 85 of the Fortune 100 companies – build enduring customer relationships by connecting work, data and experiences across the enterprise. The Verint Customer Engagement portfolio draws on the latest advancements in AI and analytics, an open cloud architecture, and The Science of Customer Engagement^™ to help customers close The Engagement Capacity Gap^™.

Verint. The Customer Engagement Company^™. Learn more at 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, 2021, our Quarterly Report on Form 10-Q for the quarter ended July 31, 2021, 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.

VERINT, THE CUSTOMER ENGAGEMENT COMPANY, BOUNDLESS CUSTOMER ENGAGEMENT, THE ENGAGEMENT CAPACITY GAP and THE SCIENCE OF CUSTOMER ENGAGEMENT are trademarks of Verint Systems Inc. or its subsidiaries. Verint and other parties may also have trademark rights in other terms used herein.

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