Cognyte Secures a $20+ Million Annual Three-Year Agreement With a National Security Agency
Cognyte Software (NASDAQ: CGNT) has secured a significant three-year support agreement with a national security agency, valued at over $20 million annually. The agreement represents an increased investment from this longstanding customer in Cognyte's investigative analytics solutions.
The agency utilizes Cognyte's technology to protect national interests and maintain public safety through enhanced investigative processes and actionable insights for threat identification, investigation, and mitigation. According to Efi Nuri, Cognyte's Chief Revenue Officer, this agreement demonstrates the strong relationship with their customer and the continued value delivery of their advanced solutions.
Cognyte Software (NASDAQ: CGNT) ha ottenuto un importante accordo di supporto triennale con un'agenzia per la sicurezza nazionale, del valore di oltre 20 milioni di dollari all'anno. L'accordo rappresenta un investimento maggiore da parte di questo cliente di lunga data nelle soluzioni di analisi investigative di Cognyte.
L'agenzia utilizza la tecnologia di Cognyte per proteggere gli interessi nazionali e mantenere la sicurezza pubblica attraverso processi investigativi migliorati e informazioni utili per l'identificazione, l'indagine e la mitigazione delle minacce. Secondo Efi Nuri, Chief Revenue Officer di Cognyte, questo accordo dimostra la forte relazione con il loro cliente e il continuo valore offerto delle loro soluzioni avanzate.
Cognyte Software (NASDAQ: CGNT) ha conseguido un importante acuerdo de soporte a tres años con una agencia de seguridad nacional, valorado en más de 20 millones de dólares anuales. El acuerdo representa una inversión aumentada por parte de este cliente de larga data en las soluciones de análisis investigativo de Cognyte.
La agencia utiliza la tecnología de Cognyte para proteger los intereses nacionales y mantener la seguridad pública a través de procesos de investigación mejorados y conocimientos aplicables para la identificación, investigación y mitigación de amenazas. Según Efi Nuri, Director de Ingresos de Cognyte, este acuerdo demuestra la sólida relación con su cliente y la continua entrega de valor de sus soluciones avanzadas.
Cognyte Software (NASDAQ: CGNT)는 국가 안보 기관과 연간 2천만 달러 이상의 가치가 있는 3년 지원 계약을 체결했습니다. 이 계약은 Cognyte의 조사 분석 솔루션에 대한 이 오랜 고객의 투자 증가를 나타냅니다.
이 기관은 Cognyte의 기술을 사용하여 국가의 이익을 보호하고, 향상된 조사 프로세스와 위협 식별, 조사 및 완화를 위한 실행 가능한 통찰력을 통해 공공 안전을 유지합니다. Cognyte의 최고 수익 책임자인 Efi Nuri에 따르면, 이 계약은 고객과의 강한 관계와 그들의 고급 솔루션의 지속적인 가치 제공을 보여줍니다.
Cognyte Software (NASDAQ: CGNT) a obtenu un important contrat de soutien de trois ans avec une agence de sécurité nationale, d'une valeur de plus de 20 millions de dollars par an. Cet accord représente un investissement accru de la part de ce client de longue date dans les solutions d'analyse d'enquête de Cognyte.
L'agence utilise la technologie de Cognyte pour protéger les intérêts nationaux et maintenir la sécurité publique grâce à des processus d'enquête améliorés et des informations exploitables pour l'identification, l'enquête et l'atténuation des menaces. Selon Efi Nuri, directeur des revenus de Cognyte, cet accord démontre la solide relation avec leur client et la valeur continue de leurs solutions avancées.
Cognyte Software (NASDAQ: CGNT) hat einen bedeutenden dreijährigen Unterstützungsvertrag mit einer nationalen Sicherheitsbehörde gesichert, der mit über 20 Millionen Dollar jährlich bewertet ist. Der Vertrag stellt eine erhöhte Investition dieses langjährigen Kunden in die Ermittlungsanalyselösungen von Cognyte dar.
Die Behörde nutzt die Technologie von Cognyte, um nationale Interessen zu schützen und die öffentliche Sicherheit durch verbesserte Ermittlungsprozesse und umsetzbare Erkenntnisse zur Bedrohungserkennung, -untersuchung und -minderung aufrechtzuerhalten. Laut Efi Nuri, Chief Revenue Officer von Cognyte, zeigt dieser Vertrag die starke Beziehung zu ihrem Kunden und den fortwährenden Wert, den ihre fortschrittlichen Lösungen bieten.
- Secured major contract worth $20+ million annually for three years
- Increased investment from existing customer indicates strong product satisfaction
- Guaranteed recurring revenue stream for next three years
- None.
The longstanding customer increases its investment in Cognyte to further bolster investigative teams’ success
HERZLIYA,
National security agencies around the globe continue to face a constantly evolving threat landscape. With this latest multi-year agreement, the agency secures sustained operational value with Cognyte’s technology and enhances its investigative processes with actionable insights to identify, investigate and mitigate threats.
“This latest agreement reflects the trust and strong relationship we share with our longstanding customer and the significant value we continue to deliver to its teams with our advanced solutions,” said Efi Nuri, Cognyte’s Chief Revenue Officer. “Our deep domain expertise, breakthrough technologies and customer commitment elevate our customers’ continued success while driving steady, repeat business for Cognyte in our mission to help customers ensure public safety.”
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/20250327407287/en/
Michelle Allard McMahon
Rainier Communications on behalf of Cognyte Software
prcognyte@rainierco.com
Source: Cognyte Software Ltd.
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