National Security Agency in APAC Ramps Up Solution Capacity with $4 Million Cognyte Order
2024年8月16日 - 5:30AM
ビジネスワイヤ(英語)
Agency quickly exercises option to expand its
investment in investigative analytics solutions
Cognyte Software Ltd. (NASDAQ: CGNT) (“Cognyte”), a global
leader in investigative analytics software, today announced that a
long-standing national security agency customer in the Asia-Pacific
(APAC) region recently exercised a $4 million option to expand its
solution capacity to handle constantly growing data volumes.
Cognyte’s solution allows the customer to accomplish its missions
of combatting terror and enhancing public safety.
Earlier this year, the customer signed a contract worth more
than $5 million to scale up its existing solution, enabling the
agency to analyze and manage data more effectively. Anticipating
growing challenges in deriving actionable intelligence from
increasing volumes of data, the contract included the option to
expand the solution’s capacity soon after implementation of the
initial contract. The customer recognized the value being delivered
by Cognyte in the scaled-up solution and exercised the option
during the second quarter.
“We have developed a strong relationship with this national
security customer over many years,” said Efi Nuri, Cognyte’s Chief
Revenue Officer. “The customer views us as a trusted partner and
domain expert and recognizes the high value generated by our
solution. This led the customer to quickly exercise the option to
expand its data capacity. The steady flow of repeat business we
generate with our customers is a testament to the strength of our
relationships and the high value they generate with our
investigative analytics 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
http://www.cognyte.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240815754029/en/
Media Relations Contacts: Michelle Allard McMahon Rainier
Communications on behalf of Cognyte Software
prcognyte@rainierco.com
Investor Relations Contact: Dean Ridlon Cognyte Software
IR@cognyte.com
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