Cognyte Software Ltd., a global leader in software-driven investigative analytics, has announced the acquisition of GroupSense, Inc., a U.S.-based digital risk protection services company. This strategic move will expand Cognyte’s customer base and growth potential within the critical U.S. market, furthering the company’s long-term growth strategy.
Strengthening Cybersecurity with GroupSense Acquisition
Founded in 2014, GroupSense specializes in protecting digital assets and sensitive data from external cyber threats through a blend of automated and human-led cyber investigations. Their solutions serve a diverse customer base including state and local government agencies and enterprises across the U.S.
By integrating GroupSense’s expertise and clientele, Cognyte aims to accelerate adoption of its AI-driven cyber threat intelligence platform among GroupSense customers, enhancing their ability to safeguard brand integrity and operational security amid an increasingly hostile digital environment.
Strategic Growth and Market Expansion
Cognyte acquired GroupSense for approximately $4 million, with an additional earnout of up to $5 million contingent on performance targets post-acquisition. This investment underscores Cognyte’s commitment to extending its footprint in North America and reinforcing its leadership in investigative analytics.
Elad Sharon, CEO of Cognyte, highlighted, “This acquisition reflects our continued focus on leading the investigative analytics market and expanding our footprint in North America. The addition of GroupSense allows us to extend our market presence and deliver added value to their customers through our AI-driven technology, supporting their efforts to protect their brand and assets more effectively.”
Combined Strengths for Enhanced Cyber Threat Protection
GroupSense CEO Kurtis Minder emphasized the benefits of the acquisition: “Joining Cognyte, a global leader in investigative analytics, with advanced technologies and strong R&D capabilities, is a major milestone for both our company and our customers. This acquisition enables us to grow our offering, streamline our operations, and provide customers with solutions to help protect their digital assets and defend against an ever-evolving threat landscape.”
Cognyte’s acquisition of GroupSense solidifies its position as a leader in investigative analytics and cyber threat intelligence, expanding its reach in the U.S. market while enhancing its capability to protect digital assets. The integration promises accelerated innovation and strengthened defense against complex cyber risks.