Cognyte secures $20 million support deal with EMEA security agency

HERZLIYA, Israel - Cognyte Software Ltd. (NASDAQ:CGNT), currently valued at $612 million in market capitalization, announced Wednesday a one-year support agreement valued at over $20 million with a national security agency in the Europe-Middle East-Africa region.

The agreement extends a relationship that has spanned more than a decade, with the unnamed tier-1 security agency continuing to use Cognyte’s investigative analytics software.

The security agency utilizes Cognyte’s AI-powered analytics technology to support its investigative operations against threats such as organized crime, terrorism, and trafficking, according to the company’s statement.

"This latest agreement reflects our role as a trusted partner, delivering mission-critical solutions that help agencies act decisively to strengthen and accelerate investigations and safeguard citizens," said Efi Nuri, Cognyte’s Chief Revenue Officer.

David Abadi, Chief Financial Officer at Cognyte, noted that agreements like this demonstrate "predictable, repeat business" from long-standing customers.

Cognyte, headquartered in Israel, specializes in data processing and investigative analytics software. The company serves law enforcement, national security, and intelligence agencies globally with solutions that leverage artificial intelligence and machine learning technologies.

The announcement was made in a press release statement issued by the company.

In other recent news, Cognyte Software Ltd. announced its second-quarter 2025 earnings, presenting a mixed financial picture. The company reported earnings per share (EPS) of $0.02, falling short of the projected $0.03, marking a 33.33% negative surprise. On a more positive note, Cognyte’s revenue slightly surpassed expectations, coming in at $97.5 million compared to the anticipated $95.8 million. Despite the revenue beat, the earnings miss has led to concerns among investors. These developments are crucial for stakeholders as they assess the company’s financial health. There were no recent reports of mergers or acquisitions involving Cognyte Software. Additionally, no analyst upgrades or downgrades have been reported in the recent period. Investors will likely keep a close watch on any future announcements from the company.

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