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TMCNet:  Customers Again Rank Verint Highest in Overall Vendor Satisfaction in New Report on Intelligent Virtual Agent Market

[July 18, 2019]

Customers Again Rank Verint Highest in Overall Vendor Satisfaction in New Report on Intelligent Virtual Agent Market

Verint® Systems Inc. (Nasdaq: VRNT), The Customer Engagement Company, today announced that it received the highest score in overall vendor satisfaction and other top customer satisfaction scores for multiple capabilities, including automation, artificial intelligence (AI) and customer self-service, in DMG Consulting LLC's new 2019/2020 Intelligent Virtual Agent Product and Market Report*.

The report provides an analysis of the Intelligent Virtual Agent (IVA) market and vendors who offer a broad range of solutions that address service, contact center, back-office and other enterprise uses. Comprehensive customer satisfaction surveys rank the vendors across a range of categories including product capabilities, product effectiveness and vendor satisfaction.

As in last year's report, Verint (News - Alert) achieved the top customer score in overall vendor satisfaction. The company also took the top spot in five of the other nine vendor satisfaction categories, including perfect scores for ongoing service and support and vendor communication. Other categories in which Verint had the highest score were implementation, training, and professional services.

In customer ratings of product capabilities, Verint achieved a perfect score in automation, and top scores in five more of the 10 categories, including design and content-management tools; AI capabilities; natural language understanding; customer self-service; and reporting/dashboards.

"Companies cannot afford to grow service organizations like they have for the past 20 years," notes Donna Fluss, president, DMG Consulting. "Cutting budgets and employees may help in the short term, but lasting actions must be taken, including breaking down walls between departments and improving self-service solutions. The great news is the growing presence of intelligent virtual agents, which use artificial intelligence, machine learning, and natural language understanding and processing to help companies cut costs, make it easier for customers to conduct business, and improve the experience for everyone involved."

"AI-enabled contact centers are the future of service organizations," continues Fluss. "Theseare operating environments where AI, machine learning, IVAs, robotic process automation (RPA), desktop process automation (DPA), knowledge management and more will be instrumental in helping companies improve the service experience."


Verint Intelligent Virtual Assistant is part of Verint's Intelligent Self-Service platform. Using artificial intelligence and machine learning, it provides personalized answers to customer questions and requests based on the customer's prior purchases, location and other factors. It can predict what a customer wants and determine the best next action. Customers experience higher goal completion rates with a user experience that's better, smarter and faster, and that involves less effort. Businesses benefit too, realizing greater self-service use across all channels, translating into higher automation and lower escalation rates.

"The DMG research provides valuable insight into this growing market," says Verint's Nancy Treaster, SVP and general manager of strategic operations. "It also provides strong affirmation for our own IVA growth strategy at Verint. Seeing the evidence of how AI-based systems improve quality, productivity and the overall customer journey, the report concludes 'it's time' for most organizations to start adopting the systems. As our own customer satisfaction results indicate, we are well-positioned to help newcomers make the leap."

To learn more about Verint's Intelligent Self-Service offerings, click here.

About Verint Systems Inc.

Verint® (Nasdaq: VRNT) is a global leader in Actionable Intelligence® solutions with a focus on customer engagement optimization and cyber intelligence. 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.

* Source (News - Alert): DMG Consulting LLC, 2019/2020 Intelligent Virtual Agent Product and Market Report, published Q2 2019

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, 2019, our Quarterly Report on Form 10-Q for the quarter ended April 30, 2019, and other filings we make with the SEC (News - Alert). 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, ACTIONABLE INTELLIGENCE, THE CUSTOMER ENGAGEMENT COMPANY, NEXT IT, FORESEE, OPINIONLAB, KIRAN ANALYTICS, TERROGENCE, SENSECY, CUSTOMER ENGAGEMENT SOLUTIONS, CYBER INTELLIGENCE SOLUTIONS, EDGEVR, RELIANT, VANTAGE, STAR (News - Alert)-GATE, 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.


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