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Cognyte Secures Contract with New Tier-1 Law Enforcement Agency Customer in EMEA

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Cognyte Software (NASDAQ: CGNT) has secured a new contract exceeding $1 million with a tier-1 law enforcement agency in the EMEA region. The agreement, won through a competitive bid process, replaces a longstanding vendor and will provide the agency with advanced investigative analytics capabilities. The implementation aims to modernize the agency's operations, helping prevent and solve crimes, disrupt drug-trafficking networks, and address unlawful entry challenges.

The partnership represents a significant milestone for Cognyte, demonstrating the company's growing influence in the global law enforcement sector and validating its technological solutions and expertise.

Cognyte Software (NASDAQ: CGNT) ha ottenuto un nuovo contratto superiore a 1 milione di dollari con un'agenzia di enforcement di livello 1 nella regione EMEA. L'accordo, conseguito attraverso un processo di gara competitiva, sostituisce un fornitore di lunga data e fornirà all'agenzia avanzate capacità di analisi investigativa. L'implementazione mira a modernizzare le operazioni dell'agenzia, contribuendo a prevenire e risolvere crimini, interrompere reti di traffico di droga e affrontare le sfide relative all'ingresso illecito.

Questa partnership rappresenta un traguardo significativo per Cognyte, dimostrando l'influenza crescente dell'azienda nel settore globale delle forze dell'ordine e convalidando le sue soluzioni tecnologiche e competenze.

Cognyte Software (NASDAQ: CGNT) ha obtenido un nuevo contrato de más de 1 millón de dólares con una agencia de aplicación de la ley de primer nivel en la región EMEA. El acuerdo, ganado a través de un proceso de licitación competitivo, reemplaza a un proveedor de larga data y proporcionará a la agencia capacidades avanzadas de análisis investigativo. La implementación tiene como objetivo modernizar las operaciones de la agencia, ayudando a prevenir y resolver crímenes, interrumpir redes de tráfico de drogas y abordar desafíos relacionados con la entrada ilegal.

La asociación representa un hito significativo para Cognyte, demostrando la creciente influencia de la empresa en el sector global de la aplicación de la ley y validando sus soluciones tecnológicas y experiencia.

Cognyte Software (NASDAQ: CGNT)는 EMEA 지역의 1급 법 집행 기관과 100만 달러를 초과하는 새로운 계약을 체결했습니다. 경쟁 입찰 과정을 통해 체결된 이 계약은 오랜 파트너를 대체하며, 해당 기관에 고급 조사 분석 기능을 제공합니다. 이 구현은 기관의 운영을 현대화하는 것을 목표로 하며, 범죄 예방 및 해결, 마약 밀매 네트워크 중단, 불법 침입 문제를 다루는 데 도움이 됩니다.

이 파트너십은 Cognyte에게 중요한 이정표를 나타내며, 글로벌 법 집행 분야에서 회사의 영향력이 증가하고 있다는 것을 보여주고, 그 기술 솔루션과 전문성을 검증합니다.

Cognyte Software (NASDAQ: CGNT) a obtenu un nouveau contrat d'un montant supérieur à 1 million de dollars avec une agence d'application de la loi de niveau 1 dans la région EMEA. Cet accord, remporté par un processus d'appel d'offres concurrentiel, remplace un fournisseur de longue date et fournira à l'agence des capacités avancées d'analyse d'enquête. La mise en œuvre vise à moderniser les opérations de l'agence, en l'aidant à prévenir et résoudre des crimes, à interdire des réseaux de trafic de drogues et à traiter des défis liés à l'entrée illégale.

Ce partenariat représente une étape significative pour Cognyte, démontrant l'influence croissante de la société dans le secteur mondial de l'application de la loi et validant ses solutions technologiques et son expertise.

Cognyte Software (NASDAQ: CGNT) hat einen neuen Vertrag über mehr als 1 Million Dollar mit einer bundesweiten Strafverfolgungsbehörde in der EMEA-Region gesichert. Die Vereinbarung, die durch ein wettbewerbliches Ausschreibungsverfahren gewonnen wurde, ersetzt einen langjährigen Anbieter und wird der Behörde fortschrittliche Ermittlungsanalysemöglichkeiten bieten. Die Implementierung zielt darauf ab, die Abläufe der Behörde zu modernisieren, um Kriminalität vorzubeugen und zu lösen, Drogenhandelsnetzwerke zu unterbrechen und Herausforderungen im Bereich unerlaubter Einreise zu begegnen.

Die Partnerschaft stellt einen bedeutenden Meilenstein für Cognyte dar und zeigt den wachsenden Einfluss des Unternehmens im globalen Strafverfolgungssektor und validiert dessen technologische Lösungen und Expertise.

Positive
  • Secured new contract worth over $1 million
  • Won competitive bid against incumbent vendor
  • Expanded customer base with tier-1 law enforcement agency
  • Established presence in strategic EMEA market
Negative
  • None.

Insights

The $1 million contract win demonstrates Cognyte's competitive strength in the investigative analytics software market, particularly significant as it represents displacing an incumbent vendor. For a company with a market cap of $671.5 million, securing new Tier-1 law enforcement customers in the EMEA region indicates potential for market share growth and recurring revenue opportunities. The deal could serve as a reference case for similar agencies, potentially leading to additional contracts. However, while positive, the contract size is relatively modest compared to the company's scale, suggesting immediate financial impact. The focus should be on whether this signals the beginning of a broader sales momentum and the potential for follow-on orders from this new customer relationship.

Cognyte's successful displacement of an established vendor highlights the technical superiority of their investigative analytics platform. The win suggests their solution offers advanced capabilities in crime prevention, drug-trafficking network disruption and border security - critical features for modern law enforcement agencies. The competitive advantage appears to stem from their ability to integrate cutting-edge analytics with practical law enforcement methodologies. This technological edge, combined with proven implementation expertise, positions Cognyte well in the growing market for sophisticated law enforcement software solutions. The emphasis on actionable insights and operational modernization indicates a product that effectively bridges the gap between complex data analysis and practical law enforcement needs.

Agreement exceeding $1 million highlights Cognyte’s superior investigative technology and proven expertise

HERZLIYA, Israel--(BUSINESS WIRE)-- Cognyte Software Ltd. (NASDAQ: CGNT) (“Cognyte”), a global leader in investigative analytics software, today announced an agreement exceeding $1 million with a new customer – a top-tier law enforcement agency (LEA) in the Europe-Middle East-Africa (EMEA) region. This partnership will empower the LEA with cutting-edge capabilities to combat criminal threats and enhance public safety.

Leveraging Cognyte’s industry-leading technology, the LEA will modernize its investigative operations to the highest global standards. The implementation will deliver actionable insights enabling the agency to efficiently prevent and solve crimes, disrupt drug-trafficking networks, and address unlawful entry challenges with precision.

“This marks an exciting milestone for Cognyte as we welcome a new customer to our growing global community,” said Efi Nuri, Chief Revenue Officer at Cognyte. “This collaboration not only validates the strength of our solutions but also highlights the potential for deeper engagement as we help the agency modernize and expand its capabilities.”

Cognyte secured the contract in a competitive bid, displacing a longstanding vendor. The agency chose Cognyte for its ability to deliver advanced solutions backed by proven methodologies and deep domain expertise. This win underscores Cognyte’s growing influence in the global law enforcement community and its reputation as a trusted provider of innovative security solutions.

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 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.

Media Relations:

Michelle Allard McMahon

Rainier Communications on behalf of Cognyte Software

prcognyte@rainierco.com

Source: Cognyte Software Ltd.

FAQ

What is the value of Cognyte's new EMEA law enforcement contract in 2024?

The contract value exceeds $1 million, though the exact amount was not disclosed in the announcement.

What capabilities will Cognyte (CGNT) provide to the new EMEA law enforcement customer?

Cognyte will provide investigative analytics software to help prevent and solve crimes, disrupt drug-trafficking networks, and address unlawful entry challenges.

How did Cognyte (CGNT) win the new EMEA law enforcement contract?

Cognyte won the contract through a competitive bid process, displacing a longstanding vendor due to their advanced solutions and proven methodologies.

What market segment does this new contract expand for Cognyte (CGNT)?

This contract expands Cognyte's presence in the law enforcement sector within the Europe-Middle East-Africa (EMEA) region.

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