Leverages advanced analytics from Cognyte to strengthen investigative capabilities and secure public safety

HERZLIYA, Israel: Cognyte Software Ltd. (NASDAQ: CGNT) (“Cognyte”), a global leader in investigative analytics software, today announced a significant expansion agreement, valued at over $10 million, with a longstanding customer in the Asia-Pacific (APAC) region. This new agreement expands the capacity of the Cognyte solutions used by local law enforcement agencies (LEAs), equipping them to better protect border integrity and respond to emerging threats with increased efficiency and precision.

Border integrity and crime prevention are critical priorities for nations worldwide. Sophisticated criminal networks and the rise in cross-border threats require local LEAs to adopt advanced technologies to secure their borders effectively. Maintaining robust border security is essential not only for preventing unauthorized entry but also for safeguarding national interests and ensuring the safety of citizens.

The expanded investigative analytics capacity provided by Cognyte enables coverage across a broad geographic region, addressing the challenges of porous borders that facilitate criminal entry and transit. With this extended reach, the customer can allocate resources more effectively to prevent unauthorized entry and criminal movement and ultimately protect citizens.

“Local law enforcement organizations count on Cognyte to strengthen border security efficiently and effectively,” said Efi Nuri, Chief Revenue Officer at Cognyte. “Our solutions have consistently demonstrated significant value for this longstanding customer, as well as hundreds of agencies across the globe, supporting their mission to improve public safety and national security.”

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 https://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