Cognyte, a security analytics software company that provides governments and enterprises with actionable intelligence, will open trading on the Nasdaq Stock Market by ringing the opening bell today in recognition of it becoming an independent public company following the completion of its spin-off off from Verint Systems. Cognyte will begin "regular way" trading on the NASDAQ on February 2, 2021 under the symbol "CGNT."
"Becoming an independent public company marks the beginning of a new chapter for Cognyte. We have a proven track record for more than two decades of helping our customers in more than 100 countries solve complex security challenges with cutting-edge analytics. We are passionate about security analytics and equipping our customers with innovative analytics solutions. I am incredibly proud of our talented team of more than 2,000 people around the world who embody our mission to help security organizations make the world a safer place," said Elad Sharon, CEO of Cognyte.
Verint is now a pure-play customer engagement vendor with an exclusive focus and extensive resources—including more than 4,500 professionals worldwide—dedicated to helping organizations provide customer engagement.
In connection with the separation, Verint shareholders will receive one share of Cognyte common stock for each share of Verint common stock.
"Cognyte's customers need the best possible analytics and open solutions that can be frequently and easily refreshed to keep pace with growing security challenges and evolving technological complexities. The company's ability to address the current and future needs of its customers, combined with its unparalleled technology and domain expertise, and its open platform approach, uniquely position Cognyte for continued growth and market leadership," continued Sharon.
The market opening ceremony will occur on February 2, 2021 at 9:30 a.m. ET and can be viewed live at www.nasdaq.com/marketsite/bell-ringing-ceremony.
For more information about Cognyte, formerly a Verint company, go to www.verint.com and www.cognyte.com.