APAC Law Enforcement Agency Secures Borders and Enhances Safety with Cognyte $10-Plus Million Expansion
Cognyte Software (NASDAQ: CGNT) has secured a $10+ million expansion agreement with a longstanding law enforcement customer in the Asia-Pacific region. The deal focuses on enhancing border security and investigative capabilities through advanced analytics solutions. The expanded capacity will help local law enforcement agencies (LEAs) protect border integrity and respond to emerging threats across a broad geographic region. The solution aims to prevent unauthorized entry and criminal movement while improving resource allocation for public safety.
Cognyte Software (NASDAQ: CGNT) ha ottenuto un accordo di espansione di oltre 10 milioni di dollari con un cliente di lunga data delle forze dell'ordine nella regione Asia-Pacifico. L'accordo si concentra sul miglioramento della sicurezza delle frontiere e delle capacità investigative attraverso soluzioni di analisi avanzata. La capacità ampliata aiuterà le agenzie locali di forze dell'ordine (LEA) a proteggere l'integrità delle frontiere e a rispondere a minacce emergenti in una vasta regione geografica. La soluzione mira a prevenire l'ingresso non autorizzato e i movimenti criminali, migliorando nel contempo l'allocazione delle risorse per la sicurezza pubblica.
Cognyte Software (NASDAQ: CGNT) ha logrado un acuerdo de expansión de más de 10 millones de dólares con un cliente de larga data en las fuerzas del orden en la región de Asia-Pacífico. El acuerdo se centra en mejorar la seguridad fronteriza y las capacidades de investigación a través de soluciones de análisis avanzado. La capacidad ampliada ayudará a las agencias locales de cumplimiento de la ley (LEA) a proteger la integridad fronteriza y a responder a amenazas emergentes en una amplia región geográfica. La solución tiene como objetivo prevenir la entrada no autorizada y el movimiento criminal, al mismo tiempo que mejora la asignación de recursos para la seguridad pública.
Cognyte Software (NASDAQ: CGNT)는 아시아-태평양 지역의 오래된 법 집행 고객과 1천만 달러 이상의 확장 계약을 체결했습니다. 이 계약은 고급 분석 솔루션을 통해 국경 보안과 수사 능력을 향상시키는 데 주안점을 두고 있습니다. 확장된 역량은 지역 법 집행 기관(LEA)이 국경의 무결성을 보호하고 넓은 지리적 지역에서 발생하는 위협에 대응하는 데 도움을 줄 것입니다. 이 솔루션은 무단 진입과 범죄 움직임을 방지하고 공공 안전을 위한 자원 배분을 개선하는 것을 목표로 합니다.
Cognyte Software (NASDAQ: CGNT) a obtenu un accord d'expansion de plus de 10 millions de dollars avec un client de longue date des forces de l'ordre dans la région Asie-Pacifique. Cet accord vise à améliorer la sécurité des frontières et les capacités d'enquête grâce à des solutions d'analyse avancées. La capacité élargie aidera les agences locales de forces de l'ordre (LEA) à protéger l'intégrité des frontières et à répondre aux menaces émergentes dans une vaste région géographique. La solution vise à prévenir les entrées non autorisées et les mouvements criminels tout en améliorant l'allocation des ressources pour la sécurité publique.
Cognyte Software (NASDAQ: CGNT) hat einen Erweiterungsvertrag im Wert von über 10 Millionen Dollar mit einem langjährigen Kunden aus dem Bereich der Strafverfolgung im asiatisch-pazifischen Raum gesichert. Der Vertrag konzentriert sich auf die Verbesserung der Grenzsicherheit und der Ermittlungsfähigkeiten durch fortschrittliche Analyselösungen. Die erweiterte Kapazität wird den lokalen Strafverfolgungsbehörden (LEAs) helfen, die Integrität der Grenzen zu schützen und auf aufkommende Bedrohungen in einer breiten geografischen Region zu reagieren. Die Lösung zielt darauf ab, unbefugten Zutritt und kriminelle Bewegungen zu verhindern und gleichzeitig die Ressourcenzuweisung für die öffentliche Sicherheit zu verbessern.
- Secured $10+ million expansion agreement with existing APAC customer
- Expansion of existing business demonstrates product satisfaction and customer retention
- None.
Insights
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The expansion with an existing customer demonstrates strong product-market fit and customer satisfaction, which typically leads to higher retention rates and recurring revenue opportunities. The border security market is experiencing increased demand due to rising global security concerns, presenting additional growth potential for Cognyte's solutions. However, investors should note that government contracts can be subject to political changes and budgetary constraints, potentially affecting future revenue stability.
Leverages advanced analytics from Cognyte to strengthen investigative capabilities and secure public safety
HERZLIYA,
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241111603248/en/
Media Relations Contact:
Michelle Allard McMahon
Rainier Communications on behalf of Cognyte Software
prcognyte@rainierco.com
Source: Cognyte Software Ltd.
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