Influential agency places third order for Cognyte’s advanced solutions, bringing total orders to over $2 Million

HERZLIYA, Israel, January 14, 2025--(BUSINESS WIRE)--Cognyte Software Ltd. (NASDAQ: CGNT) ("Cognyte"), a global leader in investigative analytics software, today announced it has received a follow-on order totaling over $1 million, from a leading North American law enforcement agency (LEA).

Including this third order, the customer’s total investment has reached over $2 million, underscoring their trust in Cognyte’s solutions to address their growing operational needs. Cognyte replaced an incumbent provider by demonstrating the ability of the company’s advanced technology to increase the success rate of the LEA’s missions.

Cognyte’s solutions equip LEAs with the tools they need to address today’s rapidly evolving public safety challenges. By delivering actionable insights in real time, Cognyte enables faster resolutions to investigations, enhances crime prevention and optimizes emergency responses. From stopping criminal activity before it occurs to coordinating life-saving rescue operations during natural disasters, Cognyte’s technology provides agencies with unparalleled support for mission critical activities.

"This expanded partnership reflects the value we continue to bring to this leading law enforcement agency. Our advanced technology improves the speed, accuracy and success rate of the agency’s investigations," said Efi Nuri, Chief Revenue Officer at Cognyte. "With ongoing delivery of effective results, this latest order demonstrates our ability to land and expand with customers in the North American market."

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.

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Contacts

Media Relations:
Michelle Allard McMahon
Rainier Communications on behalf of Cognyte Software
prcognyte@rainierco.com