Qognify, an advisor and technology solution provider for physical security and enterprise incident management, today 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 Dec. 22, 2018 and the deal closed on Dec. 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.
“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,” said Steve Shine, CEO and president of Qognify.
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.
“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,” said Shine.