Houlihan Lokey Advises Cognyte Software Ltd.

Houlihan Lokey is pleased to announce that Cognyte Software Ltd. (NASDAQ:CGNT) has successfully divested its Situational Intelligence Solutions business (SIS) to Volaris Group Inc. (Volaris). The transaction closed on December 1, 2022.

Cognyte Software Ltd., headquartered in Herzliya, Israel, is a global leader in investigative analytics software addressing many security use cases. SIS offers an integrated, intelligence-driven portfolio of security solutions under the Symphia brand that deliver actionable insights for deeper situational awareness, greater command, and control, as well as more effective incident management, response, and investigations. SIS’ software and analytics platform helps organizations guard against disruption and attacks targeting their physical facilities and employees. Symphia is an open, scalable, and adaptable approach to the video-centric analytics and security needs of the government, safe city, transportation, critical infrastructure, and essential retail markets.

Volaris Group Inc., headquartered in Ontario, Canada, is a buy-and-hold acquirer of mission-critical software businesses. As an operating group of Constellation Software Inc. (TSX:CSU), Volaris focuses on strengthening businesses within the markets they serve and facilitating platform growth through various initiatives, including organic measures such as new greenfield initiatives, product development, day-to-day business enhancements, or, inorganically, through complementary acquisitions.

Houlihan Lokey served as the exclusive sellside financial advisor to Cognyte and assisted in initiating, structuring, and negotiating the transaction on its behalf. This transaction is another successful deal for the firm's industrial technologies team and demonstrates Houlihan Lokey's continued dominance in the security and video surveillance/analytics software subsectors.

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