APAC Customer Enhances Border Security with Over $10M Investment in Cognyte Solutions

By: Cognyte Software Ltd. via Business Wire

November 18, 2024 at 08:00 AM EST

Long-time military intelligence customer leverages advanced solutions to protect its national interests and improve operational efficiency

Cognyte Software Ltd. (NASDAQ: CGNT) (“Cognyte”), a global leader in investigative analytics software, today announced two new agreements, valued at over $10 million combined, with a longstanding military intelligence customer in the Asia-Pacific (APAC) region. The customer is upgrading and expanding its use of Cognyte’s advanced technology to enhance its border security capabilities.

Border security is a critical priority for nations worldwide, necessitating sophisticated technologies to address evolving threats and ensure national safety. The first agreement involves upgrading the customer’s current Cognyte solutions to include the latest versions and capabilities, thereby enhancing their ability to secure their borders. In addition, the second agreement enables the customer to introduce a new solution following a rigorous evaluation process, during which Cognyte’s technology, strong local presence and deep understanding of the customer’s needs and challenges proved invaluable.

The expanded capabilities provided by both agreements will allow the customer to enhance their security measures by optimizing personnel allocation and preventing unauthorized access, thereby safeguarding national interests.

“Customers enthusiastically embrace Cognyte’s investigative analytics technology and frequently extend their investments to enable continued operational success,” said Efi Nuri, Chief Revenue Officer at Cognyte. “This speaks to Cognyte’s ability to deliver unique value and proven results for our customers year after year, decade after decade.”

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241118629063/en/

Contacts

Media Relations Contact:

Michelle Allard McMahon

Rainier Communications on behalf of Cognyte Software

prcognyte@rainierco.com

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APAC Customer Enhances Border Security with Over $10M Investment in Cognyte Solutions

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