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Verint Completes Acquisition of Witness Systems

Verint Completes Acquisition of Witness Systems

Verint Systems Inc., a leading provider of analytic software-based solutions for security and workforce-enterprise optimization, today announced the close of its acquisition of Witness Systems. The combination of Verint and Witness Systems creates a leading global provider of workforce and enterprise optimization solutions, providing organizations with powerful new visibility into the effectiveness of the enterprise customer service value chain.

"More than ever before, today's enterprises are seeking to enhance their service processes to maximize the value of customer relationships.

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These organizations need actionable intelligence that enables them to truly understand what is happening across their front- and back-office, to make faster, smarter decisions, enhance service delivery and optimize performance enterprise-wide," said Dan Bodner, President and CEO of Verint Systems, Inc. "The industry-defining combination of Verint and Witness creates the market’s broadest portfolio of powerful solutions that optimize workforce, contact center and enterprise performance to deliver a compelling customer service advantage and creates a single global provider for an enterprise's complete workforce performance needs."

Says Tom Pringle from industry analyst firm, Datamonitor, "With the market share combination of Verint and Witness, we expect Verint to be a leading force in the workforce optimization market, delivering an integrated suite of solutions for the customer-centric enterprise."

Verint's broad portfolio helps companies uncover business trends, discover the root cause of employee and customer behavior, and power the right decisions to ensure service excellence and achieve continuous performance improvement across every aspect of customer operations. This expanded portfolio will provide new opportunities for Verint's global channel partners, including BT Global Services. Says Ruth Rowan, head of CRM Propositions and Marketing, BT Global Services, "As both Verint and Witness have been valued partners over the last several years, we are excited about this combination and the enhanced capabilities it will deliver for our joint customers."

According to Verint customer, Doug Pontious, Chief Information Officer from StarTek, a leading outsourcer, "At StarTek, it's our goal to optimize every customer contact to create a compelling, branded service experience. We need solutions that help us to ensure service excellence and achieve continuous performance improvement across every aspect of our customer operations." Concludes Pontious, "We are excited about the Verint-Witness combination and the opportunity that these customer-centric solutions will deliver to companies like StarTek."

Witness customers anticipate strong benefits from the business combination as well. Adds Witness Systems customer Brynn Palmer, director of the customer experience for leading broadband communications provider Charter Communications, "The customer experience tops our list of priorities. Charter places a premium on implementing programs and technologies that enable us to perform at optimum levels. Over the years, Witness Systems has been a strong partner and its technology a foundation in supporting uptake of our solutions, as well as the delivery of consistent, quality services across our widespread operations. The combination of Verint and Witness – with its focus on the customer-centric enterprise – is one that’s both appealing and aligned with how we approach the customer experience."

This strong market response is based on the powerful benefits that the strategic Verint-Witness combination delivers to the market:

Concluded Verint's Dan Bodner, "We are pleased to complete this highly strategic transaction, which creates new scale for Verint, and helps us more effectively meet the demands of our global security and enterprise customer base." Said Bodner, "We have formed a new strategic business division, Verint Witness Actionable Solutions, with a unified global management team that has worked together to build a strong execution plan. The integrated team is excited to begin delivering today on our new vision for the customer-centric enterprise."

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