Qognify has announced it has completed the acquisition of the IP video management software (VMS) company – On-Net Surveillance Systems (OnSSI), including SeeTec GmbH. Backed by 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 has laid claim to be one of the largest VMS, Video Analytics, PSIM and Critical Incident Management companies in the world, serving mid-market and enterprise organisations. Steve Shine, CEO and President of Qognify said: “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 organisations, in more than 100 countries.
Shine added: “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 organisations anywhere in the world.”