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The national security agency expands its investment in Cognyte’s advanced AI solutions, investigative analytics capabilities and support services
HERZLIYA, Israel, October 31, 2024--(BUSINESS WIRE)--Cognyte Software Ltd. (NASDAQ: CGNT) ("Cognyte"), a global leader in investigative analytics software, today announced a one-year support agreement valued at over $20 million with a longstanding customer in the Europe-Middle East-Africa (EMEA) region.
The national security agency is tasked with safeguarding national interests and assets and ensuring the safety of citizens. As threats evolve, bad actors and criminal networks grow more sophisticated, and advanced solutions are needed to keep up with rapidly growing data volumes and increasing operational demands.
Cognyte’s investigative analytics solution has been integral to the customer’s security initiatives for many years. As a national security agency, this long-term customer counts on Cognyte’s advanced capabilities to strengthen public safety and anti-terror initiatives. The new agreement is designed to keep the agency at the forefront of innovation and meet growing data demands today, while providing the scalability needed to tackle future challenges. The agreement includes comprehensive software support services and ongoing updates, strengthening the agency’s capabilities and operational effectiveness.
Gil Cohen, Chief Product Officer at Cognyte, commented, "Cognyte’s solution delivers market-leading advantages in both investigative effectiveness and operational efficiency. These capabilities empower our customers to swiftly identify and neutralize potential threats, ensuring public safety. This proven solution continues to play a critical role in supporting national security efforts, while adapting to evolving challenges in diverse environments."
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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