Cognyte Announces A 1-Year Support Agreement Valued At Over $20M With A Longstanding Customer In The Europe-Middle East-Africa Region
Portfolio Pulse from Benzinga Newsdesk
Cognyte Software Ltd. (NASDAQ:CGNT) has secured a one-year support agreement worth over $20 million with a national security agency in the EMEA region. This deal highlights the agency's reliance on Cognyte's advanced AI and investigative analytics solutions to enhance public safety and address evolving security threats.
October 31, 2024 | 12:30 pm
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Cognyte Software Ltd. has announced a significant one-year support agreement valued at over $20 million with a national security agency in the EMEA region. This deal underscores the importance of Cognyte's AI and investigative analytics solutions in enhancing public safety and security.
The $20M+ agreement with a national security agency highlights Cognyte's strong position in the security sector and its ability to provide essential AI and analytics solutions. This deal is likely to positively impact Cognyte's revenue and market perception, leading to a potential short-term increase in stock price.
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