Customer broadens adoption of Cognyte’s platforms, unifying the agency’s data sources to deliver AI-driven actionable insights and accelerate investigations

HERZLIYA, Israel: Cognyte Software Ltd. (NASDAQ: CGNT) (“Cognyte”), a global leader in investigative analytics software, today announced a deal exceeding $5 million with a national security agency in the Europe-Middle East-Africa (EMEA) region. By upgrading their existing Cognyte platform and expanding their investment in Cognyte’s portfolio, this longstanding customer will derive additional value and real-time insights for successful investigations, precise threat resolution and enhanced public safety.

The adoption of Cognyte’s decision intelligence platform empowers the agency to unify disparate data sources and process vast amounts of data into a single, cohesive view for greater investigative effectiveness. Leveraging unique Cognyte innovations in AI, data fusion and advanced analytics, the agency gains a clear, actionable view of national security threats to address challenges around border security, crime and terror.

Using advanced analytics tools, the agency’s investigative teams can generate deep insights into illicit activity, significantly accelerating the accuracy and resolution of investigations while optimizing resource allocation. The platform eliminates the need for labor-intensive manual queries across disparate data silos and automates the complex cross-analysis needed to extract actionable intelligence. The user-friendly design streamlines collaboration across investigative teams, and AI-powered data fusion analytics, based on intelligence expertise, helps to solve more cases faster, enhancing the agency’s overall effectiveness, efficiency and success.

“Customers who fully leverage Cognyte’s comprehensive portfolio achieve transformative improvements in their investigative intelligence capabilities,” said Efi Nuri, Chief Revenue Officer at Cognyte. “This expansion will enhance our longstanding customer’s ability to identify and assess national security risks with unrivaled speed and accuracy helping safeguard their citizens and communities.”

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 impact and contributions of the slate of director nominees Cognyte has nominated, 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.

Fonte: Business Wire