Cognyte Software Acquires GroupSense For About $4M Plus Earnout Of Up To About $5M, Subject To GroupSense Meeting Defined Targets Post-Closing

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Cogentix Medical Inc

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Acquisition advances Cognyte's US growth strategy and expands its global customer base

Cognyte Software Ltd. (NASDAQ:CGNT) ("Cognyte"), a global leader in software-driven technology for investigative analytics, today announced the acquisition of GroupSense, Inc. ("GroupSense"), a digital risk protection services company. The acquisition will help to expand Cognyte's customer base and growth potential within the U.S. market, a pillar in the company's overall growth strategy.

Cognyte has acquired GroupSense for approximately $4 million plus an earnout of up to approximately $5 million subject to GroupSense meeting defined targets post-closing.

As part of the overall growth strategy, GroupSense customers will have the opportunity to quickly adopt Cognyte's advanced cyber threat intelligence platform to better protect their brand integrity and operational security in an increasingly hostile online environment.

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