Verint Accelerates Automation Innovation and Expands Cloud Self-Service Solutions - DATAVERSITY

According to a recent press release, "Verint Systems Inc. today announced that it has acquired all of the outstanding equity interests in Next IT Corporation and its affiliate Next IT Innovation Labs, LLC (collectively, "Next IT"), a developer of conversational artificial intelligence-powered intelligent virtual assistants. The purchase price consisted of close to $30 million of cash paid at closing, plus potential additional future cash payments. 'We continue to execute our innovation strategy, including making acquisitions that expand our self-service portfolio, accelerate Verint's cloud and automation capabilities, and are accretive to earnings. We believe that Verint's ongoing innovation in artificial intelligence technologies--such as machine learning, robotics and natural language processing--positions us for accelerated growth by helping organizations modernize their customer engagement operations with greater automation,' says Dan Bodner, CEO, Verint."