Verint Systems has announced its acquisition of Contact Solutions, a leading provider of real-time, contextual customer care solutions. With this acquisition, Verint is furthering its mission of being the world’s leading Actionable Intelligence platform that enables organizations to provide crucial insights that empower decision makers to anticipate, respond and take action.
The combination of Contact Solutions advances the Verint Customer Engagement Optimization portfolio with the addition of cloud-based solutions that enhance voice and mobile self-service through automation and analytics-driven personalization. By joining Contact Solutions’ strong self-service capabilities with its advanced customer analytics, engagement management and workforce optimization solutions, Verint is extending omni-channel engagement across the enterprise.
In today’s market, the dramatic increase in consumer and business use of social networks, mobile devices and new digital technologies is driving the need for omni-channel customer engagement, including innovative new self-service applications. “We believe demand for these types of solutions is being driven in organizations by the need for intelligence that enables them to create more engaged workforces and more seamless, personalized customer experiences,” notes Elan Moriah, president Verint Enterprise Intelligence Solutions, and Verint Video and Situation Intelligence Solutions.
The combination of Contact Solutions and Verint will increase the value proposition that customers of both companies receive. Verint customers—including many of the world’s largest and fastest-growing organizations—will be able to extend their investments in omni-channel customer engagement with expanded cloud-based voice and mobile self-service options. Contact Solutions’ dynamic customer base—including many public sector and commercial organizations—will have access to new world-class actionable intelligence with the ability to leverage leading customer engagement optimization solutions to help transform their end-to-end customer engagement.
The combination with Contact Solutions also will add functionality to Verint’s solution set focused on mitigating risk, identifying fraud and reducing loss. For instance, Contact Solutions’ capabilities complement Verint Identity Authentication and Fraud Detection, the innovative technology that delivers passive voice biometrics to profile and recognize the voiceprints of fraudulent callers—while making caller authentication faster, easier and more secure. Backed by advanced analytics, Contact Solutions brings advanced “upstream fraud detection” functionality that can identify suspicious caller behavior within voice self-service interactions. As potentially threatening interactions surface, red flag detection alerts users to problems and tailors appropriate responses.