Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
New customer selects Cognyte over incumbent, citing superior technology, regional references and proven operational value
Cognyte Software Ltd. (NASDAQ:CGNT) ("Cognyte"), a global leader in software-driven technology for investigative analytics, today announced a new contract with a Tier 1 military organization in the EMEA region. Valued at approximately $10 million, the win marks a significant new customer acquisition for Cognyte and expands the company's presence in a region with strong growth potential.
Following a rigorous technical evaluation, Cognyte was selected over the incumbent provider, based on the strength of its solutions capabilities and a compelling reference from another recently acquired Tier 1 customer in the region. That endorsement, highlighting Cognyte's superior technology, rapid deployment and significant operational impact, played a critical role in the selection process. The military organization required tactical SIGINT solutions that could deliver greater capability and flexibility for specialized operations, surpassing the limitations of their existing solutions. The customer cited Cognyte's ability to provide significant operational insights and support mission-critical decision-making in real time as a key differentiator.
Cognyte will equip frontline military teams with analytical capabilities that enhance mission readiness and support secure decision-making in both overt and covert scenarios. The deal represents a strategic foothold with a customer whose scale and evolving needs align with Cognyte's long-term vision.
Posted In: CGNT