This team of experts will be part of Cognyte’s software product group and will play a crucial role in addressing customers’ needs to solve investigations related to cryptocurrency misuse.
Cryptocurrencies and blockchain technology have revolutionized the way people transact and store money. However, cryptocurrencies gained popularity among criminals as well, who quickly recognized the potential of this innovative technology to facilitate illegal activities. Cryptocurrencies’ inherent features, such as anonymity and borderless transactions, have made them an attractive tool for various criminal enterprises, including organized crime, cybercrime, terrorism, and money laundering.
“With the establishment of our expert Blockchain analytics team in Romania, we are actively seeking top talent to join us in our mission to revolutionize cryptocurrency investigations for our customers,” says Razvan Duica, country manager at Cognyte Romania.
Cognyte’s Blockchain analytics team in Romania will be collaborating with other global teams, leveraging their collective expertise and knowledge to drive advancements in the field. This new addition further sets Cognyte’s position as a global leader in investigative analytics solutions, committed to help making the world a safer place.
Cognyte entered the Romanian market in 2018 and had 137 employees at end-2022.
Cognyte Romania ended 2022 with a turnover of RON55 million, up 57% on the year, and a net profit of RON6.3 million compared to RON337,563 in 2021, as per finance ministry data.
Worldwide, Cognyte has some 2,000 employees, 16 offices and seven research and development (R&D) centers.