SHANGHAI & MELVILLE, N.Y.--(BUSINESS WIRE)--Verint® Systems Inc. (NASDAQ: VRNT) today announced that Shanghai International Financial Centre (IFC) situated in Pudong Lujiazui Finance and Trade Zone is implementing the Nextiva® IP video portfolio from Verint Video Intelligence Solutions™. Part of a multi-phased technology deployment, Shanghai IFC has begun using Verint security solutions to help secure its 70 floor twin towers, which are 260 meters and 250 meters in height respectively, office buildings, hotels, apartments and shopping malls.
Verint, along with its industry-leading integration partner Tongfang Co., Ltd., is delivering a robust security system to help deter crime and enhance the safety of businesses, residents and visitors. The solution being deployed is comprised of Verint’s end-to-end Nextiva Video Management software and intelligent edge devices, which will operate in tandem with more than 1,600 security cameras.
Together with Jin Mao Tower, World Financial Center and the Shanghai IFC, the three major landmarks in Pudong will form the key triangle financial and recreation center in Lujiazui Financial and Trade Zone. Since its establishment in 1990, Lujiazui Finance and Trade Zone has grown into a leading international financial center under the visionary guidance of the Chinese government, and today is the home to not only the Shanghai Stock Exchange but also financial institutions and hotels from around the world. Shanghai IFC, the largest integrated complexes development, further enhanced the important role of Lujiazui Finance and Trade Zone, targeting and recruiting leasing from top-tier luxurious brands, class-A office building investors, and world-class finance and banking sectors.
To help meet the stringent security requirements of a financial zone-wide solution, Shanghai IFC under the Lujiazui Finance and Trade Zone sought a powerful, reliable and highly scalable IP video solution. With a strong reputation for providing a comprehensive security platform to enterprise and critical infrastructure organizations, Verint and Tongfang Co., Ltd. emerged as the ideal partners to meet its needs, resulting in a multi-phased rollout of the technology.
“Verint is proud to be part of this integrated real estate project in Shanghai and pleased to be a security support of one of China’s most significant financial and trade center zones,” says Elan Moriah, president, Verint Video Intelligence Solutions and Verint Witness Actionable Solutions®. “Nextiva continues to be the video solution of choice for organizations around the world seeking to advance security, improve situational awareness and enhance operational effectiveness.”
About Shanghai Lujiazui Finance & Trade Zone
Lujiazui (Lu’s mouth) is an important financial district in Pudong, Shanghai. In 2005, the State Council reaffirmed the positioning of the 31.78 km² Lujiazui area as the only finance and trade zone among the 185 state-level development zones in mainland China. Currently, there are more than 30 buildings over 25 stories high with commerce as their leading function, and over 504 domestic and overseas financial and insurance corporations located in Lujiazui. The success of Pudong in the past 20 years has fueled tourism and business related travel to Shanghai. Pictures of the Pudong skyline dominate Shanghai tourism materials, and there are 5 five-star hotels in the Lujiazui area, providing approximately 2,443 rooms, and three more five-star hotels are expected in the area in the coming years, adding more than 1,200 luxury units.
About Shanghai International Financial Centre (Shanghai IFC)
Formerly known as the Lujiazui Food City, the Shanghai building of integrated property development projects is located in Shanghai Pudong Century Avenue 8, Lujiazui Finance and Trade Zone. The total development area is 400,000 square meters with 210,000 square meters of Grade A office buildings, more than 90,000 square meters of top hotels, and 100,000 square meters of shopping malls. The first phase of 80,000 square meters of office and retail space opened in 2009; the rest will be in 2011. Developed by Hong Kong Sun Hung Kai Properties Limited, the overall architectural design is by Pelli Clarke Architects. The main contractor is Shanghai Construction Corporation.
About Tongfang Co., Ltd
Founded in 1997, Tongfang Co., Ltd. is a high-tech listed company, which is established by Tsinghua Holdings Co., Ltd. The company focuses on both Information Technology (IT) and Environmental Energy fields, and actively searches for high-tech industrialization development pattern with Chinese characteristics. Tongfang Co., Ltd. invests in digital and intelligent construction of urban infrastructures, improvement of urban functions, serving for automation and intelligent construction of all urban sectors, promotion of public service capabilities and driving the industrial development of modern IT service.
Its four core business divisions are urban building intelligent (comprehensive monitoring of electromechanical device, security monitoring, fire protection alarm, integrated wiring, network communication, energy management), urban mass transit information (monitoring of environmental and electromechanical device, power monitoring, safety door, fire protection alarm, auto fare collection, operation management system), comprehensive monitoring of urban district heating system (heat source management, district heating system monitoring, expansion and energy-saving retrofit of heating system, combined operation control and dispatch of multi heat sources, information of heat supply enterprises) and comprehensive service of urban building energy-saving (energy consumption sub-metering, contract energy management, energy consumption collection and management, energy consumption data analysis, building energy-saving diagnostic, energy-saving operation optimization and retrofit, operation and maintenance of device monitoring system).
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. is a global leader in Actionable Intelligence® solutions and value-added services. Our solutions enable organizations of all sizes to make timely and effective decisions to improve enterprise performance and make the world a safer place. More than 10,000 organizations in over 150 countries—including over 80 percent of the Fortune 100—use Verint solutions to capture, distill, and analyze complex and underused information sources, such as voice, video, and unstructured text. Headquartered in Melville, New York, we support our customers around the globe directly and with an extensive network of selling and support partners. Verint is listed on the NASDAQ Stock Market under the symbol “VRNT.” Visit us at our website www.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 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 our Annual Report on Form 10-K for the year ended January 31, 2010 and our Quarterly Report on Form 10-Q for the quarter ended October 31, 2010. 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.
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