Leading North American Law Enforcement Agency Places $2M-Plus Follow-On Order with Cognyte
November 21 2024 - 8:51AM
Business Wire
Agency places third order for Cognyte’s
advanced solutions, replacing incumbent
Cognyte Software Ltd. (NASDAQ: CGNT) (“Cognyte”), a global
leader in investigative analytics software, today announced it has
received an additional follow-on order totaling over $2 million,
from a leading North American law enforcement agency (LEA). This
marks another milestone in the growing collaboration, initiated
just one year ago. Including this latest order, the customer’s
total investment has reached over $3 million, underscoring its
trust in Cognyte’s solutions to address its operational needs.
The LEA has replaced its incumbent provider, investing in
Cognyte’s technology to unlock meaningfully better operational
intelligence capabilities. These include timely recognition of
threats to ensure the safety of communities across a wide
geographic region. This continued collaboration underscores the
LEA’s trust in Cognyte’s superior technology, which delivers rapid
responsiveness and deployment agility.
The customer is now better equipped to tackle its
mission-critical activities with enhanced precision and efficiency,
including search and rescue operations, emergency responses and
crime prevention. By leveraging advanced technologies and data
analysis, the LEA has significantly improved the effectiveness and
agility of its operations, enhancing the safety and security of the
community it serves.
“Cognyte is proud to serve as a partner for this highly
respected and influential customer in the law enforcement sector,
delivering proven capabilities critical to safeguarding the
public,” said Efi Nuri, Chief Revenue Officer at Cognyte. “This
latest order, following closely on the heels of previous
agreements, reinforces the agency’s ongoing trust, and the impact
of our solutions. It also reflects Cognyte’s unwavering commitment
to innovative technology and exceptional service. Moreover, this
agreement marks a significant milestone in advancing Cognyte’s
growth strategy and strengthening our footprint in the North
American market.”
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/20241121974917/en/
Media Relations Contact: Michelle Allard McMahon Rainier
Communications on behalf of Cognyte Software
prcognyte@rainierco.com
Cognyte Software (NASDAQ:CGNT)
Historical Stock Chart
From Dec 2024 to Jan 2025
Cognyte Software (NASDAQ:CGNT)
Historical Stock Chart
From Jan 2024 to Jan 2025