Alight Solution’s Use of Verint’s Intelligent Virtual Assistant Technology Wins 2018 Opus Research Award

Verint Systems Inc. (Nasdaq: VRNT), The Customer Engagement Company„¢, today announced that Alight Solutions has received the 2018 Opus Research Conversational Commerce Award by leveraging Verints Intelligent Virtual Assistant„¢ (IVA) to transform its web self-service experience with automation.* Alights virtual assistant, named Lisa, is an innovative example of how Verint customers lead the way with automated, intelligent self-service solutions.

The Opus awards showcase excellence and achievement for real-world implementations of conversational user interfaces for customer engagement, digital commerce, self-service, employee assistance and intelligent devices. A team of five judges awarded Alight among over 20 submissions from multiple industries around the world on key criteria including business value, customer experience, innovation and productivity.

A leader in technology-enabled health, wealth and human capital management solutions, Alight leverages Verints IVA solution as the anchor technology for its new web self-service system. The IVA has a unique health, benefits and HR natural language model that understands the questions and needs of millions of different users, in their own words.

During the 2017 open enrollment period between October and December, the busiest time of year for Alight and its clients, the new self-service system handled over 760,000 interactions. Since its launch in April 2017, Lisa has chatted with 1.1 million different people and answered over 2 million questions, with 30% being outside normal business hours, and provided answers for the top five chat topics: annual enrollment, health savings accounts, password issues, medical benefits, and retirement benefits.

Alights goal is to make it easier for people to find the information, tools and support needed to make important decisions, and we are delighted that Opus Research has recognized our work, said Ibrahim Khoury, Director, Product Development and Innovations at Alight. Alights challenge was to determine how to create a seamless, automated, people-centric experience for people and their families. We decided that intelligent virtual agents were the most promising solution, and chose Verints IVA to handle our complexities, create great experiences and provide a positive business impact.

Lisa Provides Guidance and Support to Customers and Employees Lisa is designed to give people and their families HR and benefits guidance and support. For example, a customer recently chatted with Lisa inquiring about her 24-year-old sons eligibility to remain on her insurance plan after graduating college and gaining employment. The customer asked Lisa if they were obligated to remove the dependent from their plan, or if he could stay on until end of year.

Because Lisa is powered by Verints IVA with an Artificial Intelligence (AI) and human-assisted machine learning architecture, she is constantly improving her knowledge and language skills. Lisa understood that the intent in the chat was to inquire about dependent provisions. She factored in employee-specific attributes and eligibility, then provided the correct guidanceconversationally and consistently. She was also able to comprehend the informal chat language that included improper grammar, acronyms and no punctuation.

Opus Researchs Dan Miller, lead analyst and founder, remarks, Since 2014, Opus Research awards have evaluated intelligent assistants with advanced conversational technologies and real-world AI capabilities that put a premium on business value, innovation and compelling customer experience. Alights Lisa truly stood out as exemplary in helping users find the right information at the right time and showing how self-service technologies deliver correct answers, consistently and at scale.

We are proud that Opus Research has recognized Alights achievement with Lisa, and that Alight chose our IVA solution as the foundation, says Verints Michael Southworth, general manager, intelligent self-service. Companies have been trying to conquer the self-service automation challenge for over a decade now, and Verints IVA is proving to be an important solution to address that challenge, and a vital part of a companys overall customer experience strategy. Alights success is a powerful case study for how IVAs are driving automation and transforming web self-service systems.

About Verint Systems Inc. Verint (Nasdaq: VRNT) is a global leader in Actionable Intelligence solutions with a focus on customer engagement optimization, security intelligence, and fraud, risk and compliance. Today, over 10,000 organizations in more than 180 countriesincluding over 85 percent of the Fortune 100count on intelligence from Verint solutions to make more informed, effective and timely decisions. Learn more about how were creating A Smarter World with Actionable Intelligence at www.verint.com.

* Opus Research hosted the fourth annual Conversational Commerce Awards presentation at the Conversational Commerce Conference in San Francisco, September 2018.

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, uncertainties and assumptions, 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 fiscal year ended January 31, 2019, and other filings we make with the SEC. 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, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ.

VERINT, ACTIONABLE INTELLIGENCE, THE CUSTOMER ENGAGEMENT COMPANY, NEXT IT, FORESEE, OPINIONLAB, KIRAN ANALYTICS, TERROGENCE, SENSECY, CUSTOMER ENGAGEMENT SOLUTIONS, CYBER INTELLIGENCE SOLUTIONS, EDGEVR, RELIANT, VANTAGE, STAR-GATE, SUNTECH, and VIGIA are trademarks or registered trademarks of Verint Systems Inc. or its subsidiaries. Other trademarks mentioned are the property of their respective owners.

Media Relations
Amy Curry
Verint Systems Inc.
[email protected]

Investor Relations
Alan Roden
Verint Systems Inc.
[email protected]