Verint Systems announced that Falabella is implementing its IP video management software, along with Nextiva single- and multi-port encoders, and IP cameras, in 33 stores and distribution facilities across Chile. With the IP video solution, the retailer will benefit from robust security and mission-critical loss prevention capabilities that enable personnel to monitor facilities 24/7 in real-time and help proactively safeguard critical areas, assets and resources.
Falabella operates department stores, home improvement centers, grocery hypermarkets, financial retail operations and real estate ventures in locations throughout Chile, Peru, Argentina and Colombia. The organization sells a wide variety of merchandise, including apparel, home furnishings, electronics and sporting goods. With 65,000 employees and annual revenue of more than $6.9 billion, Falabella is one of the largest retailers in South America.
Using Verint's comprehensive IP video solution, Falabella will be able to capture high-quality video images, optimize bandwidth and storage utilization, leverage flexible video search capabilities, and benefit from programmable video retention and storage at a central monitoring facility. With its enterprise-class multi-site capabilities, monitoring application and the ability to interface with point-of-sale systems, the IP video platform is poised to help Falabella reduce shrinkage, manage liability and loss, and leverage video to increase sales and operational efficiency. Implementation of the IP video solution is currently in process, following Falabella's most recent investment in Verint technology in October 2011.