Qognify, a provider of physical security and enterprise incident management software, has been acquired by Hexagon AB, a Stockholm-based global information technology company.
With more than 4,000 clients worldwide in banking, government, logistics, manufacturing, retail, transportation and more, Qognify’s solutions link business and operational workflows with video data to minimize the impact of security, safety and operational incidents.
Hexagon serves these same vertical markets with computer-aided dispatch (CAD) solutions, which play a crucial role in mobilizing the people ultimately responsible for incident resolution, according to an announcement.
In 2019, Qognify became one of the largest VMS, video analytics, PSIM and critical incident management companies in the world when it acquired On-Net Surveillance Systems (OnSSI) and SeeTec GmbH.
Qognify's video management software (VMS) leverages video analytics from camera feeds and cloud technology to provide a single video monitoring solution. The company's enterprise incident management (EIM) software integrates real-time information from video feeds and other diverse systems into a single dashboard. By correlating and analyzing disparate data, customers can derive meaningful insights that ensure incidents are managed effectively and efficiently to avoid business disruption.
"Hexagon has long been a leader in public safety solutions that deliver situational awareness and insights to emergency services and others — improving operations, minimizing risk and saving lives," said Hexagon president and CEO Ola Rollén. "Qognify's solutions are a natural expansion of our public safety portfolio, adding comprehensive and tightly integrated video capabilities that can provide dispatchers, responders and investigators with new levels of intelligence to serve and protect their communities."
"Qognify also extends our real-time monitoring and security reach into new markets and opens up cross-sell opportunities for our award-winning Leica BLK Series of reality capture sensors," Rollén continued. "Additionally, integrating video monitoring capabilities into our enterprise asset management solution will help customers further optimize the performance and reliability of their assets."
Headquartered in Pearl River, N.Y., Qognify will operate as part of Hexagon's Safety, Infrastructure & Geospatial division.
Completion of the transaction is subject to customary regulatory approvals.
