Qognify to Acquire On-Net Surveillance Systems (OnSSI) Group
Qognify, an advisor and technology solution provider for physical security and enterprise incident management, announced has signed a definitive agreement to acquire On-Net Surveillance Systems Inc. (OnSSI) and the OnSSI company, SeeTec GmbH. In bringing these technology solution portfolios together under one roof — including Qognify VisionHub, OnSSI Ocularis and SeeTec Cayuga — Qognify becomes one of the largest VMS, video analytics, PSIM and critical incident management companies in the world. Qognify is backed by global investment firm Battery Ventures.
Also located in Pearl River, N.Y., OnSSI was founded in 2002 with the goal of developing comprehensive and intelligent IP video management software (VMS). Today, the company has an established presence in more than 100 countries, where its Ocularis and Cayuga VMS solutions are relied on by education, gaming, government, healthcare, manufacturing, retail, public safety, transportation and utilities organizations. With Qognify’s proven pedigree in delivering successful projects for financial services companies, mass-transit infrastructure, large international airports and seaports, as well as smart and safe city projects around the world, the acquisition sees the company establish a global position in both the mid-market and enterprise sectors.
SeeTec GmbH is a pioneer of IP video technology and a provider of VMS software in Europe. The Germany-based company was acquired by OnSSI in 2015 and boasts 100 employees, working out of offices across mainland Europe, Dubai, Scandinavia and the UK.
“OnSSI and SeeTec solutions have a deservedly excellent reputation throughout the security sector,” said Steve Shine, CEO and president of Qognify. “This is the perfect time to bring together our collective pool of physical security talent and technologies, to increase the range of target markets we are able to serve. The partnership also greatly increases the number of customers and partners for the combined business. This is a very exciting agreement for all of us.”
“This coming together of two of the security sector’s most innovative companies unleashes unrivalled opportunities for collaboration and brings to market a proposition that meets all security and operational management requirements, from powerful VMS to full scale intelligent situational awareness,” said Gadi Piran, co-founder, president and CTO of OnSSI. “Our collective market reach is truly global, with a strong presence in Europe, the US and Asia that will continue to grow.”
“Qognify has rapidly established itself as a trusted and progressive brand in the physical security sector,” said Jesse Feldman, general partner at Battery Ventures. “The acquisition of the OnSSI Group — a high-profile brand in the security market in its own right — is a major achievement in its history, but most importantly lays down a marker regarding its intent to grow faster and bigger.”
The transaction is expected to be completed by the end of 2018, subject to certain conditions and satisfaction of terms.