National Security Agency in EMEA Strengthens Public Safety With $20-Plus Million Cognyte Follow-on Order
December 09 2024 - 7:00AM
Business Wire
Longstanding customer expands solution and
upgrades to the advanced AI capabilities to improve investigation
accuracy and speed
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.
Cautionary Statement Regarding Forward-Looking
Statements
Any statements contained in this press release that do not
describe historical facts may constitute forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such statements are identified by use of the words
“anticipates,” “believes,” “estimates,” “expects,” “intends,”
“plans,” “predicts,” “projects,” “should,” “views,” and similar
expressions.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20241209659555/en/
Media Relations: Michelle Allard McMahon Rainier
Communications on behalf of Cognyte Software
prcognyte@rainierco.com
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