Frost & Sullivan’s 2021 Digital Intelligence Solutions Report Names Cognyte a Leader in the Global Digital Intelligence Market

Rhea-AI Summary

Cognyte (NASDAQ: CGNT) has been recognized as a leader in Frost & Sullivan's 2021 Digital Intelligence Solutions Report, noting its strong performance in both innovation and growth.

The report evaluates companies based on their market share, revenue growth, and R&D capabilities. Cognyte's analytics platform addresses the complexities of modern data, enabling real-time security intelligence.

CEO Amit Daniel emphasized the importance of AI and machine learning in their solutions, validating their commitment to providing actionable insights for security organizations globally.

Positive

• Recognized as a leader in Frost & Sullivan’s 2021 Digital Intelligence Solutions Report.
• Scored well in both growth and innovation indices, indicating strong market presence.
• Continuous investment in R&D to enhance product offerings and customer value.

Negative

• None.

Cognyte Recognized for its Track Record of Innovation and Growth

HERZLIYA, Israel--(BUSINESS WIRE)-- Cognyte (NASDAQ: CGNT), a global leader in security analytics software that empowers governments and enterprises with Actionable Intelligence for a Safer World^TM, announced that it has been named a leader in Frost & Sullivan’s Frost Radar™ Digital Intelligence Solutions 2021 Report.

Frost Radar™ Digital Intelligence Solutions 2021 Report (Graphic: Frost & Sullivan)

Frost and Sullivan’s research covers two major indices: Growth and Innovation. The growth index examines market share, revenue growth, growth pipeline, vision and strategy, and sales and marketing. The innovation index looks at innovation scalability, research and development, product portfolio, mega trends leverage, and customer alignment. Cognyte scored well in both innovation and growth resulting in it being recognized as a leader.

In describing the rapidly growing market, Danielle VanZandt, Industry Analyst at Frost and Sullivan, stated, “Volumes and types of data are growing exponentially, while organizational silos are making it harder for analysts to connect the dots and derive actionable intelligence. Digital intelligence has evolved beyond analyzing relatively small and homogenous data sets to the requirement to review a wide variety of data sets, including intelligence gathered from multiple devices and sensors, and integration with open source and internal databases. The multitude of data types, systems, and solutions that are providing this information requires a new approach to real-time security investigations.”

In reference to how Cognyte meets these needs, VanZandt continued: “With so many security organizations now looking for real-time access to all systems, Cognyte’s analytics platform and innovative solutions enable these organizations to perform foundational investigative and security intelligence.”

Cognyte offers multiple digital intelligence solutions to fit a specific security team’s goals, including Situational Intelligence Solutions for more physical and logical security needs, Cyber Solutions that integrate cybersecurity intelligence into an organization’s existing SOC, and Operational Investigative Analytics that can provide field and command center operators with real-time information to guide their remediation actions and deliver actionable insights and quick resolution of time-critical investigations. The specificity and curation capabilities incorporated into Cognyte’s investigative and security intelligence portfolios provide customers with the option to add new capabilities as needed, while ensuring that the data sources and feeds being analyzed and presented are real-time, accurate, and applicable to the scenario.”

The report highlighted Cognyte’s commitment to providing the latest, most accurate data via its solutions, stating that the company continuously reinvests in R&D initiatives to enable faster analysis, improved alerting and communication, and more automated remediation activities that can alleviate operator burden. The report also notes that Cognyte has differentiated itself from the competitors through its ability to automate big data fusion and use contextual analysis and predictive capabilities to better connect the dots in potential incidents and inform operators of situations before they reach critical escalation points.

“We are honored to be acknowledged by Frost & Sullivan as a leader in innovation and growth,” said Amit Daniel, CMO of Cognyte. “Our all-source analytics and investigation platform enables governments and enterprises to accelerate intelligence investigations in a wide variety of use cases and threat types. This recognition validates our ongoing efforts to develop innovative solutions powered by artificial intelligence, machine learning and predictive analytics to disparate big data sets at scale and generate timely, meaningful and valuable insights from multiple sources.”

For more information about Cognyte, please visit www.cognyte.com.

About Cognyte Software

Cognyte (formerly a Verint company) is a global leader in security analytics software that empowers governments and enterprises with Actionable Intelligence for a Safer World™. Our open software fuses, analyzes, and visualizes disparate data sets at scale to help security organizations find the needles in the haystacks. Over 1,000 government and enterprise customers in more than 100 countries rely on Cognyte’s solutions to accelerate security investigations and connect the dots to successfully identify, neutralize, and prevent threats to national security, business continuity, and cyber security.

Learn more about how we empower our customers to create a safer world with Actionable Intelligence® at www.cognyte.com.

COGNYTE, ACTIONABLE INTELLIGENCE, and ACTIONABLE INTELLIGENCE FOR A SAFER WORLD are trademarks of Cognyte Software Ltd. or its subsidiaries. Cognyte and other parties may also have trademark rights in other terms used herein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211216005013/en/

Media Relations

Amit Daniel

Cognyte Software

amit.daniel@cognyte.com



Investor Relations

Dean Ridlon

Cognyte Software

IR@cognyte.com

Source: Cognyte Software

FAQ

What recognition did Cognyte receive in 2021?

Cognyte was named a leader in Frost & Sullivan’s 2021 Digital Intelligence Solutions Report.

What are the key strengths of Cognyte's analytics platform?

Cognyte's platform excels in handling complex data for real-time security intelligence, supporting various security needs.

How did Cognyte perform in the Frost & Sullivan report?

Cognyte scored highly in innovation and growth indices, reflecting its strong market position.

What technologies does Cognyte utilize in its solutions?

Cognyte leverages artificial intelligence, machine learning, and predictive analytics for its security solutions.