EMEA National Security Agency Invests Over $5M in Cognyte Portfolio to Enhance Public Safety, Highlighting Trust in Advanced Solutions

Rhea-AI Summary

Cognyte Software (NASDAQ: CGNT) has secured a deal exceeding $5 million with a national security agency in the EMEA region. This agreement involves the customer upgrading their existing Cognyte platform and expanding their investment in the company's portfolio.

The agency will implement Cognyte's decision intelligence platform to unify disparate data sources into a single, cohesive view, enhancing investigative effectiveness for national security threats including border security, crime, and terror. The platform leverages AI, data fusion, and advanced analytics to process vast amounts of data and generate actionable insights.

Key benefits include:

• Elimination of labor-intensive manual queries across data silos
• Automated cross-analysis for extracting actionable intelligence
• User-friendly design for streamlined collaboration
• AI-powered analytics to solve cases faster

According to Efi Nuri, Chief Revenue Officer at Cognyte, this expansion will enhance the agency's ability to identify and assess security risks with increased speed and accuracy.

Positive

• Secured deal exceeding $5 million with EMEA national security agency
• Expansion of existing customer relationship indicates product satisfaction
• Platform eliminates manual queries and automates complex cross-analysis
• AI and data fusion technologies provide competitive advantage in security sector

Negative

• No specific financial impact or revenue guidance provided
• details on implementation timeline or deployment challenges
• No mention of competitive landscape or market positioning

Insights

Financial Analyst

This $5 million+ contract with an EMEA national security agency represents a meaningful win for Cognyte, particularly when viewed against their $647 million market capitalization. The expansion by an existing customer carries outsized significance beyond the dollar value, as it validates Cognyte's technology strategy and competitive positioning in the high-stakes security analytics market.

Looking at the financial implications, this deal likely represents approximately 2-3% of Cognyte's annual revenue based on recent performance. While not transformative in isolation, government security contracts typically feature favorable attributes including longer commitment periods, higher margins, and potential for ongoing expansions. The customer's decision to broaden adoption across Cognyte's portfolio suggests a land-and-expand strategy is working effectively.

The timing is particularly noteworthy given the heightened global security concerns and increasing investment in intelligence capabilities across EMEA. National security agencies represent ideal reference customers that can drive additional government contracts through proven success cases. The geopolitical environment continues to drive demand for advanced security analytics, creating tailwinds for specialized vendors like Cognyte.

From a competitive standpoint, this win demonstrates Cognyte's ability to deliver sophisticated AI and data fusion capabilities that address the complex challenge of unifying disparate data sources - a persistent pain point for security agencies. The emphasis on AI-driven analytics aligns with the premium valuation multiples investors currently assign to companies with proven AI applications in mission-critical environments.

For investors evaluating Cognyte's prospects, this contract reinforces several positive signals: (1) the company's solutions deliver sufficient value to warrant expanded investment from sophisticated customers, (2) their product development roadmap is aligned with market needs, and (3) they're successfully competing in a specialized market with high barriers to entry. The contract's focus on investigation acceleration and resource optimization directly addresses budget constraints many agencies face.

While a single contract doesn't resolve all challenges, this win provides evidence that Cognyte's strategic focus on investigative analytics software for security applications continues to resonate with their target market, potentially supporting improved revenue visibility and more predictable financial performance going forward.

Customer broadens adoption of Cognyte’s platforms, unifying the agency’s data sources to deliver AI-driven actionable insights and accelerate investigations

HERZLIYA, Israel--(BUSINESS WIRE)-- Cognyte Software Ltd. (NASDAQ: CGNT) (“Cognyte”), a global leader in investigative analytics software, today announced a deal exceeding $5 million with a national security agency in the Europe-Middle East-Africa (EMEA) region. By upgrading their existing Cognyte platform and expanding their investment in Cognyte’s portfolio, this longstanding customer will derive additional value and real-time insights for successful investigations, precise threat resolution and enhanced public safety.

The adoption of Cognyte’s decision intelligence platform empowers the agency to unify disparate data sources and process vast amounts of data into a single, cohesive view for greater investigative effectiveness. Leveraging unique Cognyte innovations in AI, data fusion and advanced analytics, the agency gains a clear, actionable view of national security threats to address challenges around border security, crime and terror.

Using advanced analytics tools, the agency’s investigative teams can generate deep insights into illicit activity, significantly accelerating the accuracy and resolution of investigations while optimizing resource allocation. The platform eliminates the need for labor-intensive manual queries across disparate data silos and automates the complex cross-analysis needed to extract actionable intelligence. The user-friendly design streamlines collaboration across investigative teams, and AI-powered data fusion analytics, based on intelligence expertise, helps to solve more cases faster, enhancing the agency’s overall effectiveness, efficiency and success.

“Customers who fully leverage Cognyte’s comprehensive portfolio achieve transformative improvements in their investigative intelligence capabilities,” said Efi Nuri, Chief Revenue Officer at Cognyte. “This expansion will enhance our longstanding customer’s ability to identify and assess national security risks with unrivaled speed and accuracy helping safeguard their citizens and communities.”

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/20250225223405/en/

Media Relations Contact:

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 (CGNT) recent deal with the EMEA national security agency?

Cognyte (CGNT) secured a deal exceeding $5 million with a national security agency in the Europe-Middle East-Africa (EMEA) region. The deal involves upgrading the agency's existing Cognyte platform and expanding their investment in Cognyte's portfolio.

How will the EMEA security agency benefit from Cognyte's (CGNT) decision intelligence platform?

The agency will benefit from unified disparate data sources, AI-driven actionable insights, accelerated investigations, and enhanced public safety. The platform eliminates manual queries across data silos, automates complex cross-analysis, and provides a cohesive view of security threats related to border security, crime, and terror.

What technologies does Cognyte (CGNT) use in its platform for the EMEA security agency?

Cognyte (CGNT) leverages AI, data fusion, and advanced analytics in its decision intelligence platform. These technologies help process vast amounts of data into actionable intelligence, enabling the agency to identify and assess national security risks with greater speed and accuracy.

Who commented on the $5M+ CGNT deal with the EMEA national security agency?

Efi Nuri, Chief Revenue Officer at Cognyte, commented on the deal, stating that the expansion will enhance the customer's ability to identify and assess national security risks with unrivaled speed and accuracy, helping safeguard citizens and communities.

What specific security challenges will Cognyte's (CGNT) platform help address for the EMEA agency?

Cognyte's (CGNT) platform will help the EMEA national security agency address challenges related to border security, crime, and terror. The system provides a clear, actionable view of national security threats through advanced analytics and AI-powered data fusion.