Cognyte Wins “Milipol Innovation Award 2021”

Milipol Innovation Award recognizes Cognyte’s unique cryptocurrency analytics technology to accelerate blockchain investigations

HERZLIYA, Israel--(BUSINESS WIRE)--Cognyte Software Ltd. (NASDAQ: CGNT), a global leader in security analytics software, today announced that its revolutionary and advanced machine learning blockchain analytics solution has been selected as a winner of a Milipol Innovation Award 2021. The contest took place as part of the Milipol Paris event, a leading event for the security and safety market that hosts a global audience of tens of thousands of industry members.

Cognyte’s solution was selected based on its technological innovation and contribution to the security and investigation industry - out of hundreds of applications.

Cognyte helps governments and enterprises solve complex security challenges through constant innovation. Cognyte consistently innovates its platform by adding analytics to address new use cases, such as cryptocurrency investigations. Cryptocurrencies are being increasingly used for illegal activities since they are often anonymous and borderless, making it difficult to determine who is behind such illicit transactions. Cognyte’s solution addresses these challenges and is designed to identify illicit transactions and suspects and generate actionable insights to successfully accelerate and complete investigations.

“Our innovative approach to blockchain analytics is revolutionizing cryptocurrency investigations and enabling national security and law enforcement agencies to identify and neutralize diverse security threats,” said Miki Migdal, Cognyte’s Chief Business Officer. “We are grateful to Milipol Paris for recognizing our breakthrough technology in making the world a safer place.”

About Cognyte Software Ltd.

Cognyte (formerly a Verint company) is a global leader in security analytics software that empowers governments and enterprises with Actionable Intelligence for a Safer World™. Our open software fuses, analyzes, and visualizes disparate data sets at scale to help security organizations find the needles in the haystacks. Over 1,000 government and enterprise customers in more than 100 countries rely on Cognyte’s solutions to accelerate security investigations and connect the dots to successfully identify, neutralize, and prevent threats to national security, business continuity, and cyber security. Learn more about how we empower our customers to create a safer world with Actionable Intelligence® at www.cognyte.com.

COGNYTE, ACTIONABLE INTELLIGENCE, and ACTIONABLE INTELLIGENCE FOR A SAFER WORLD are trademarks of Cognyte Software Ltd. or its subsidiaries. Cognyte and other parties may also have trademark rights in other terms used herein.