Cognyte Software Awarded $5 Million Subscription-Based Contract by Military Organization
MT Newswires Live
Oct 08
Cognyte Software (CGNT) said Wednesday that it has been awarded a follow-on contract valued at over $5 million with a military organization in the Europe, Middle East, and Africa region.
The company said the annual subscription-based deal was granted shortly after the client signed an initial contract worth $10 million earlier this year.
Under the deal, Cognyte will provide the organization with "tactical signals intelligence solutions" to provide military forces with actionable intelligence capabilities for real-time decisionmaking in the field.
Shares of the company were up 4% in recent Wednesday premarket activity.
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