Verint Wins $7M Contract With A Fortune 100 Insurance Company To Deploy The Verint Open Platform In A Hybrid Cloud Mode To Drive AI Business Outcomes
Portfolio Pulse from Benzinga Newsdesk
Verint (NASDAQ:VRNT) secures a $7M, three-year contract with a Fortune 100 insurance company for deploying the Verint Open Platform in a hybrid cloud mode to enhance AI-driven business outcomes. The deal includes the Verint Work Allocation Bot to improve workforce efficiency.

May 13, 2024 | 7:53 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Verint announces a significant $7 million contract with a Fortune 100 insurance company for a three-year term, focusing on AI-driven business outcomes with its Open Platform and Work Allocation Bot.
This contract represents a significant business win for Verint, showcasing the company's ability to secure large-scale, multi-year deals with major industry players. The inclusion of the Work Allocation Bot in the deal highlights Verint's innovative approach to improving workforce efficiency through AI, potentially leading to increased interest and investment in Verint's technology. This could positively impact VRNT's stock price in the short term as investors react to the news of this substantial contract and the company's continued growth in the AI and cloud computing sectors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100