Cognyte Software Expands Relationship With APAC Security Client on $5 Million Upgrade Deal
MT Newswires Live
May 20
Cognyte Software (CGNT) won a roughly $5 million upgrade agreement with unnamed national security agency customer in the Asia-Pacific region, the company said Wednesday.
The long-standing customer will upgrade its investigative analytics environment using Cognyte Software's latest platform, adding AI-enabled tools to speed up investigations, improve intelligence workflows, and strengthen threat resolution, the company added.
Cognyte said the upgrade reflects continued adoption of its analytics tools and improves the customer's ability to manage rising data volumes and operational demands.
Shares of the company were down nearly 1% in premarket activity Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.