Verint Da Vinci AI Wins Artificial Intelligence Breakthrough Award for "Best Overall AI Platform"

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Distinguished Global Awards Program Recognizes Leaders and Standouts in AI

MELVILLE, N.Y., July 20, 2023--(BUSINESS WIRE)--Verint® (NASDAQ: VRNT), The Customer Engagement Company®, today announced that the Verint Customer Engagement Platform, powered by Verint Da Vinci™ AI, was selected as the "Best Overall AI Platform" in the sixth annual AI Breakthrough Awards program conducted by AI Breakthrough, a prominent market intelligence organization that recognizes the best companies, products, and technologies in the realm of Artificial Intelligence (AI).

This marks Verint’s sixth consecutive AI Breakthrough award, previously receiving the "Best Chatbot Solution" in 2022, "Best Virtual Agent Solution" in 2021, "Best AI-based Solution for Customer Service" in 2020, "Best Chatbot Solution" in 2019, and "Best Overall AI Solution" in 2018.

Verint Da Vinci AI is at the core of the Verint Open CCaaS Platform, enabling brands to maximize the value of AI and deliver tangible business outcomes. Through an open, secure, and data-driven AI design, Verint Da Vinci AI integrates commercially available models, like ChatGPT, alongside Verint’s own proprietary AI capabilities. Verint Da Vinci AI models are trained on customer engagement data, which has been collected for more than 20 years, as well as the real-time data that flows through Verint’s Open CCaaS platform to ensure Verint AI models are continuously trained and tuned to perform successfully.

"Verint Da Vinci AI trains on large amounts of organizational data then transforms this data into valuable insights and predictions that can be used by organizations to improve their customer experience, increase efficiency, and reduce operating costs," says Verint’s Jaime Meritt, chief product officer. "Over time, as the platform continues to operate within customer organizations, these models become increasingly proficient, allowing businesses to achieve higher ROI through their usage of Open CCaaS."

The mission of the AI Breakthrough Awards is to honor excellence and recognize companies, technologies, and products for their success and innovation in the global AI landscape. AI solutions and drivers can be awarded for a range of AI and machine learning related categories including AI platforms, decision management, smart robotics, facial recognition, predictive analytics, industry specific AI applications, and many more. This year’s program attracted more than 3,000 entrants.

"Congratulations to Verint on another AI Breakthrough award. Verint understands that today's consumers are engaging with their favorite brands through an ever-expanding array of always-on customer engagement channels. Managing an exponential number of interactions while meeting skyrocketing expectations is a challenge that Verint is helping brands meet," says James Johnson, managing director, AI Breakthrough. "With Verint, you can interact with customers and employees while also processing large amounts of data so you can connect and grow your operations to meet the modern demands of the customer experience."

Visit Verint Da Vinci AI to learn more.

About Verint

Verint® (NASDAQ: VRNT) helps the world’s most iconic brands build enduring customer relationships by connecting work, data, and experiences across the enterprise. More than 10,000 organizations in 175 countries – including over 85 of the Fortune 100 companies – are using the Verint Customer Engagement Platform to draw on the latest advancements in AI, analytics, and an open cloud architecture to elevate customer experience.

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, 2023, 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, VERINT DA VINCI, THE CUSTOMER ENGAGEMENT COMPANY, BOUNDLESS CUSTOMER ENGAGEMENT, AND THE ENGAGEMENT CAPACITY GAP 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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Contacts

Media Relations
Sue Huss
sue.huss@verint.com

Investor Relations
Matthew Frankel
matthew.frankel@verint.com

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