Qognify Completes Acquisition of On-Net Surveillance Systems

Qognify-OnSSI

Follow-up post on Qognify To Acquire On-Net Surveillance Systems (OnSSI)

Qognify announced that it has completed the acquisition of the IP video management software (VMS) company – On-Net Surveillance Systems (OnSSI), including the pioneer of IP video technology – SeeTec GmbH. Backed by the global investment firm Battery Ventures, Qognify announced the agreement on December 22, 2018 and the deal closed on December 28, 2018.

With Qognify, OnSSI and SeeTec operating under one umbrella, the company is today one of the largest VMS, Video Analytics, PSIM and Critical Incident Management companies in the world, serving mid-market and enterprise organizations.

Steve Shine, CEO and President of Qognify states: “Following the swift closing of the deal, we look forward to focusing on 2019, supporting all Qognify, OnSSI and SeeTec partners and customers, whilst substantially expanding our geographic reach and market penetration.”

Qognify’s VisionHub, NiceVision, FAST and Situator solutions are trusted by financial services companies, mass-transit infrastructure, large international airports and seaports, as well as smart and safe city projects around the world.

The OnSSI Ocularis and Cayuga VMS solutions are deployed across education, gaming, government, healthcare, logistics, manufacturing, retail, public safety, transportation and utilities organizations, in more than 100 countries.

Shine adds: “Today, through our combined portfolio of award-winning and market-leading technologies, infrastructure and expertise, we expand our global presence, creating an entity capable of meeting the exacting requirements of mid-market and enterprise organizations anywhere in the world.”

Qognify helps safeguarding your world. With a portfolio of Physical Security and Enterprise Incident Management solutions, we work as trusted partners to hundreds of customers around the globe ensuring security, safety and business operations continuity.

On-Net Surveillance Systems, Inc. (OnSSI) was founded in 2002 with the goal of developing comprehensive and intelligent IP video surveillance management software.

Founded in 1996 as a pioneer in IP-based video security, SeeTec GmbH is one of the leading vendors of video management software in Europe – together with OnSSI, Inc. even worldwide.

Battery Ventures strives to invest in cutting-edge, category-defining businesses in markets including software and services, Web infrastructure, consumer Internet, mobile and industrial technologies.

Source: Qognify.com
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