Union Bank Leverages Nextiva IP Video Portfolio from Verint Video Intelligence Solutions to Help Safeguard Retail Branch Locations

November 18, 2009 8:30 AM ET
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Verint® Systems Inc.today announced that Union Bank, N.A. is using its comprehensive Nextiva® Financial IP Video solution. Since May, the IP video solution from Verint® Video Intelligence Solutionshas been delivering robust surveillance to Union Bank’s entire network of ATM and teller operations, and become part of its core focus on deterring threats and providing a safe and friendly environment in its retail bank branch locations.

Headquartered in San Francisco, California, Union Bank, N.A. is a full-service commercial bank that provides an array of financial services to individuals, small businesses, middle-market companies and major corporations. A member of the Mitsubishi UFJ Financial Group, one of the world’s largest financial organizations, it has more than 10,000 employees servicing 337 branch offices in California, Washington, Texas and Oregon; two international offices; and facilities in six other states.

“Verint’s solutions have revolutionized our capabilities,” says Mike Maloof, vice president and director of corporate security, Union Bank. “The ability to view scenes from numerous banking centers at the same time and on the same screen has proved to be extremely valuable to our organization. We also are able to quickly and effectively export tamper-proof digital video to law enforcement agencies.”

The bank’s legacy VCR systems were replaced with over 450 Nextiva NetDVR II and Nextiva MicroDVR II embedded DVRs along with Nextiva Op-Center and Nextiva Vid-Center software. This migration introduced the ability for the financial services organization to monitor video centrally with greater reliability, enhancing security and the ability to detect and investigate fraud more rapidly. To help meet the bank’s stringent timeline, Verint, along with integrator New Age Security Systems, installed the Nextiva Financial IP Video portfolio and completed training across all sites outlined by Union Bank in record time.

With the Nextiva solution, Union Bank is able to capture high-quality video images, optimize bandwidth and storage utilization, leverage flexible video search capabilities, and benefit from programmable video retention and storage. Also, security personnel at the financial institution can easily scan and detect the most pertinent or potentially threatening activities in their branches and ATM centers, while viewing multiple scenes in a single location or any number of branches. As a result, Union Bank is benefiting from a more complete picture of activities, lower total cost of ownership and operation, and superior security and reliability.

“Outstanding financial institutions, such as Union Bank, have made it clear that they need the most innovative and reliable technology systems to protect their employees, members and assets,” adds Elan Moriah, president,Verint Video Intelligence Solutions and Verint® Witness Actionable Solutions®. “We are pleased to partner and to provide Union Bank with mission-critical technology as it expands its footprint in the financial services sector.”

About UnionBanCal Corporation & Union Bank, N.A.

Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $78.2 billion at September 30, 2009. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank has 337 banking offices in California, Oregon, Washington and Texas and two international offices. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world’s largest financial organizations. Visit www.unionbank.com for more information.

About New Age Security Systems

New Age Security Systems (NASS) is a high-end security integrator that plans, designs and installs cutting edge electronic security systems. Servicing the western United States, NASS is a recognized leader in providing cutting edge video surveillance solutions to the banking and credit union industry. NASS is a leading supplier of Verint, Panasonic and other respected CCTV brands. What sets NASS apart is its well trained staff and knowledge of specific industries such as banking, education and retail. Headquartered in Valencia, California, NASS was established in 1987 and has serviced well established Fortune 500 companies for over two decades.

About Verint Video Intelligence Solutions

Verint® Video Intelligence Solutions™ is the leading global provider of networked video solutions designed to enhance the security of people, property and assets. Its award-winning Nextiva® portfolio features IP video management software, integrated analytics, encoders, cameras, wireless devices and intelligent DVRs for use across a variety of vertical market environments. Open, standards-based and IT friendly, Verint solutions help organizations realize the benefits of IP video leveraging their legacy video investments.

About Verint Systems Inc.

Verint® Systems Inc. (VRNT.PK), headquartered in Melville, New York, is a leading provider of Actionable Intelligence® solutions for an optimized enterprise and a safer world. Today, more than 10,000 organizations in over 150 countries rely on Verint solutions to perform more effectively, build competitive advantage and enhance the security of people, facilities and infrastructure. Visit us at our website www.verint.com.

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, 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 and uncertainties, 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 the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on September 10, 2007, as supplemented by our Current Reports on Form 8-K filed on November 5, 2007, January 16, 2008, and April 9, 2008 and the Form NT-10Q filed on September 9, 2009. 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, the Company assumes no obligation to update or revise them or to provide reasons why actual results may differ.

VERINT, the VERINT logo, ACTIONABLE INTELLIGENCE, POWERING ACTIONABLE INTELLIGENCE, WITNESS ACTIONABLE SOLUTIONS, STAR-GATE, RELIANT, VANTAGE, X-TRACT, NEXTIVA, EDGEVR, ULTRA, AUDIOLOG, WITNESS, the WITNESS logo, IMPACT 360, the IMPACT 360 logo, IMPROVE EVERYTHING, EQUALITY, CONTACTSTORE, EYRETEL, BLUE PUMPKIN SOFTWARE, BLUE PUMPKIN, the BLUE PUMPKIN logo, EXAMETRIC and the EXAMETRIC logo, CLICK2STAFF, STAFFSMART, AMAE SOFTWARE and the AMAE logo are trademarks and registered trademarks of Verint Systems Inc. Other trademarks mentioned are the property of their respective owners.

Industry Information
Verint Video Intelligence Solutions
Courtney Jaret, 303-254-7150
courtney.jaret@verint.com
or
Merritt Group
Jayson Schkloven, 703-390-1529
schkloven@merrittgrp.com
or
Investor Relations
Verint Systems Inc.
Alan Roden, 631-962-9304
alan.roden@verint.com

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