HERZLIYA, Israel--(BUSINESS WIRE)--Cognyte Software Ltd. (NASDAQ: CGNT) (“Cognyte”), a global leader in investigative analytics software, today announced a $20-plus million agreement with a longstanding national security customer in the Europe-Middle East-Africa (EMEA) region. This latest order expands the agency’s capacity and enhances their solution with advanced AI-based capabilities, enabling faster, more accurate investigations and proactive risk mitigation.
The agency, responsible for protecting national interests, assets and public safety, sought this expansion to address growing data complexity driven by evolving technology such as 5G adoption. Cognyte’s cutting-edge analytics empower the agency to process massive data volumes more efficiently, enhancing the ability to identify and neutralize emerging threats and improve investigation success rates.
Cognyte’s AI capabilities provide critical insights into illicit activities such as terrorism, drug trafficking and weapons smuggling, enabling agencies to respond before incidents unfold. By delivering faster, data-driven insights, the solution enhances resource allocation and strategic planning tailored to specific threats.
“This agreement underscores the confidence that national security agencies place in Cognyte to deliver innovative solutions that address the evolving security challenges,” said Gil Cohen, Chief Product Officer at Cognyte. “Our cutting-edge AI capabilities and strong, long-term relationships with customers are helping drive new business opportunities and playing a critical role in helping our national security agency customers enhance their investigative processes and safeguard citizens worldwide.”
About Cognyte Software Ltd.
Cognyte Software Ltd. is a global leader in investigative analytics software that empowers a variety of government and other organizations with Actionable Intelligence for a Safer World™. Our open interface software is designed to help customers accelerate and improve the effectiveness of investigations and decision-making. Hundreds of customers rely on our solutions to accelerate and conduct investigations and derive insights, with which they identify, neutralize and tackle threats to national security and address different forms of criminal and terror activities. Learn more at www.cognyte.com.
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Any forward-looking statements contained herein are based on current expectations, but are subject to risks and uncertainties that could cause actual results to differ materially from those indicated, including, but not limited to, the projected growth of Cognyte’s business, and Cognyte’s ability to achieve its financial and business plans, goals and objectives and drive shareholder value, including with respect to its ability to successfully implement its strategy, and other risk factors discussed from time to time in Cognyte’s filings with the SEC, including those factors discussed under the caption “Risk Factors” in its most recent annual report on Form 20-F, filed with the Securities and Exchange Commission (“SEC”) on April 9, 2024, as amended on April 19, 2024 and in subsequent reports filed with or furnished to the SEC. Cognyte assumes no obligation and does not intend to update these forward-looking statements, except as required by law, to reflect events or circumstances occurring after today’s date.
