RA'ANANA, Israel, April 29, 2014 /PRNewswire/ -- NICE Systems (NASDAQ: NICE) is once again the global market leader for Physical Security Information Management (PSIM) software solutions. According to the latest analysis from IHS Technology (NYSE: IHS), NICE holds the largest PSIM market share, based on estimated revenues from 2013. This is the third consecutive time that NICE has ranked as the top PSIM vendor.
Paul Bremner, senior analyst at IHS Technology
"The PSIM software market has been building momentum over the last two years, with increasing awareness and education levels with both end-users and integrators. "It has shifted from a focus on pure integration and toward operational workflows, processes and procedures which can be automated to make operators lives easier, and business more cost efficient."
Yaron Tchwella, President, NICE Security Group
"We believe that the results of the recent IHS report reaffirm NICE's dominant position in the global PSIM market. Our success in this domain is based on our ability to deliver customized, scalable solutions for complex security needs. As the market continues to grow at a rapid pace, we are confident that our field-proven solutions will continue to help governments and enterprises mitigate risks and better manage security, safety, and operations."
NICE's PSIM solution, NICE Situator, captures and correlates information from third party sensors and integrates them into a single incident, with a common operating picture. When there is an unfolding event, automated workflows guide operators to quickly and efficiently respond and enable collaboration across security teams. Incident information can later be retrieved for debriefing, analysis, and reporting purposes.
NICE's security solutions help organizations capture, analyze and leverage big data to anticipate, manage and mitigate security and safety risks, improve operations, and make the world a safer place. The NICE security, intelligence and cyber offerings provide valuable insights that enable enterprises and governments to take the best action at the right time by correlating structured and unstructured data from multiple sensors and channels, detecting irregular patterns, and recognizing trends. NICE Security solutions are used by thousands of customers worldwide, including transportation systems, critical infrastructure, city centers, banks, sporting facilities, enterprises and government agencies.
About NICE Systems
NICE Systems (NASDAQ: NICE) is the worldwide leading provider of software solutions that enable organizations to take the next best action in order to improve customer experience and business results, ensure compliance, fight financial crime, and safeguard people and assets. NICE's solutions empower organizations to capture, analyze, and apply, in real time, insights from both structured and unstructured Big Data. This data comes from multiple sources, including phone calls, mobile apps, emails, chat, social media, video, and transactions. NICE solutions are used by over 25,000 organizations in more than 150 countries, including over 80 of the Fortune 100 companies. www.nice.com.
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This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including the statements by Messer Tchwella, are based on the current expectations of the management of NICE-Systems Ltd. (the Company) only, and are subject to a number of risks and uncertainties that could cause the actual results or performance of the Company to differ materially from those described herein, including but not limited to the impact of the global economic environment on the Company's customer base (particularly financial services firms) and the resulting uncertainties; changes in technology and market requirements; decline in demand for the Company's products; inability to timely develop and introduce new technologies, products and applications; difficulties or delays in absorbing and integrating acquired operations, products, technologies and personnel; loss of market share; pressure on pricing resulting from competition; and inability to maintain certain marketing and distribution arrangements. For a more detailed description of the risk factors and uncertainties affecting the company, refer to the Company's reports filed from time to time with the Securities and Exchange Commission, including the Company's Annual Report on Form 20-F. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no obligation to update or revise them, except as required by law.
SOURCE NICE Systems