Exploring Verint's Video Strategy

By: John Honovich, Published on Jul 28, 2008

Verint's objective is to be an end-to-end solutions provider delivering a complete product offering of IP video products. This is a significant evolution from Verint's early days when the company was mostly known for its high quality DVRs (from Lanex and Loronix). This strategy is important because other large companies seem to be emulating this and it sets the stage for 2 major alternatives for IP video solutions.

Overview of Verint Video

Verint's goal is to eliminate complex integration and provide a single source for enterprise customers to obtain IP video solutions. Verint offers a wide range of cameras, encoders, wireless devices, analytics and video management software.

The value proposition is that by providing an end-to-end solution, the system will perform better and the integration costs will be lower.

Verint is now offering turnkey IP solutions that bundle encoders, software,servers, switches, cables, etc. to make it as simple as possible for analog customers to migrate.

For instance, Verint's Nextiva, their IP video management software provides extensive integrated support for outdoor analytics, retail analytics as well as PSIM features - integrated maps, rules based engines and virtual matrixes. This has the potential to reduce the 3rd party products needed to build an enterprise video monitoring system.

At the same time, Verint is not a closed system. It supports both Object Video and Agent Vi for analytics as well as a number of leading IP camera manufacturers such as Axis, IQinvision and Arecont Vision.

Emulating by Others

Get Notified of Video Surveillance Breaking News
Get Notified of Video Surveillance Breaking News

The recent moves by Tyco and March Networks clearly indicate that this strategy is being emulated by other large companies. Tyco's acquisition of an encoder/NVR company and an analytics company, Intellivid, [link no longer available] provide Tyco with a broad IP video portfolio. March Networks acquisition of Cieffe's [link no longer available] cameras, encoders and IP video management systems is similar as well.

Verint certainly has an extensive head start so it will be very interesting to see how quickly and how well March and Tyco can close this gap.

At a higher level, what seems to be happening is the incumbent DVR companies, as a group, are expanding their product set and transitioning to end to end IP video systems.

Related Reports

Qognify Significantly Cuts OnSSI HQ on Feb 25, 2019
Qognify, having acquired OnSSI less than 2 months ago, in December 2018, has cut ~25% of OnSSI total employees, primarily at OnSSI's HQ in Pearl...
Milestone Launches Marketplace Where Nothing Is For Sale on Feb 26, 2019
The central announcement at Milestone's annual conference MIPS is Marketplace, which Milestone compared to Uber and Match.com for its ability to...
Qognify Dropping Seetec and OnSSI Brands on Mar 01, 2019
Qognify is dropping both the Seetec and OnSSI brands, just over 2 months after acquiring OnSSI / Seetec and a week after sweeping cuts to the...
Milestone Machine Learning Camera Auto-Setting Examined on Mar 13, 2019
Milestone wants to improve image quality using Machine Learning to solve the problem of "a camera doesn't know what it is being used for",...
Milestone Alleges [Now Removed], Qognify Denies VMS "Running Out Of Support" on May 01, 2019
Milestone is running a marketing campaign where they allege that OnSSI and Seetec VMSes are 'running out of support'. However, Qognify's CEO flatly...
Bluecherry Open Sources Entire VMS on May 13, 2019
Bluecherry announced they have "released the entire Bluecherry software application open source with a GPL license". We spoke to Bluecherry's...
Giant Tyco Campaigns Against Startup Qumulex on Jul 25, 2019
One is a giant conglomerate that owns the world's largest security integrator. The other has no shipping products. But Tyco is campaigning...
Ionodes Company Profile on Jul 31, 2019
What happened to Ionodes? With seasoned leadership from Jean-Paul Saindon founder of SmartSight and Dr. Michael Gilge, founder of VCS, back in...
Razberi Technologies Company Profile on Aug 06, 2019
Razberi says they have doubled their revenue in the first half of 2019, citing their proprietary camera hardening and cybersecurity capabilities...
Milestone Has Problems on Oct 01, 2019
Milestone has problems. While the company previously excelled in the shift to IP cameras, as IP has matured and competitive differentiation has...

Most Recent Industry Reports

IronYun AI Analytics Tested on Feb 17, 2020
Taiwan startup IronYun has raised tens of millions for its "mission to be the leading Artificial Intelligence, big data video software as a service...
Access Control ADA and Disability Laws Tutorial on Feb 17, 2020
Safe access control is paramount, especially for those with disabilities. Most countries have codes to mandate safe building access for those...
ISC West 2020 Removes China Pavilion, No Plans To Cancel Or Postpone on Feb 17, 2020
ISC West plans to go on next month, amidst concerns over coronavirus. However, the Asia / China Pavilion has been removed, show organizers...
Hanwha Wisenet X Plus PTRZ Tested on Feb 14, 2020
Hanwha has released their PTRZ camera, the Wisenet X Plus XNV-6081Z, claiming the "modular design allows for easy installation". We bought and...
IPVM Conference 2020 on Feb 13, 2020
IPVM is excited to announce our 2020 conference. This is the first and only industry event that will be 100% sponsor-free. Like IPVM online, the...
Bosch Dropping Dahua on Feb 13, 2020
Bosch has confirmed to IPVM that it is in the process of dropping Dahua, over the next year, as both IP camera contract manufacturer and recorder...
BluB0X Alleges Lenel, S2, Software House Are Dinosaurs on Feb 13, 2020
BluB0X is running an ad campaign labeling Lenel, S2, Software House, Honeywell, AMAG and more as dinosaurs: In a follow-up email to IPVM,...
London Live Police Face Recognition Visited on Feb 13, 2020
London police have officially begun using live facial recognition in select areas of the UK capital, sparking significant controversy. IPVM...
Converged vs Dedicated Networks For Surveillance Tutorial on Feb 12, 2020
Use the existing network or deploy a new one? This is a critical choice in designing video surveillance systems. Though 'convergence' was a big...