Qognify, the technology solutions provider for physical security and enterprise incident management projects, has acquired On-Net Surveillance Systems Inc (OnSSI) and the OnSSI company SeeTec GmbH. In bringing these award-winning technology solution portfolios together under one roof – including Qognify VisionHub, OnSSI Ocularis and SeeTec Cayuga – Qognify (which is backed by global investment firm Battery Ventures) becomes one of the largest VMS, video analytics, Physical Security Information Management and critical incident management companies in the world.
Based in New York, OnSSI was founded in 2002 with the goal of developing comprehensive and intelligent IP VMS. Today, the company has an established presence in more than 100 countries, where its Ocularis and Cayuga VMS solutions are relied upon by education, Government, healthcare, manufacturing, retail, public safety, transportation and utilities organisations.
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/Safe City projects around the world, the acquisition sees the company establish a dominant global position in both the mid-market and enterprise sectors.
For its part, SeeTec GmbH is a pioneer of IP video technology and a leading 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.
Steve Shine, CEO and president of Qognify, stated: “OnSSI and SeeTec solutions have a deservedly excellent reputation throughout the security sector. This is the perfect time to bring together our collective pool of physical security talent and technologies in order to increase the range of target markets we’re able to serve. The partnership also greatly increases the number of customers and partners for the combined business. This is without doubt a very exciting agreement for all of us.”
Gadi Piran, co-founder, president and CTO of OnSSI, responded: “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 solutions through to full-scale intelligent situational awareness. Our collective market reach is truly global, with a strong presence in Europe, the US and Asia that will continue to grow.”
Jesse Feldman, general partner at Battery Ventures (which acquired Qognify from NICE Systems in 2015), observed: “Qognify has rapidly established itself as a trusted and progressive brand in the physical security sector. 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.”
Steve Shineconcluded: “Following the swift closing of the deal, we now look forward to focusing on 2019, supporting all Qognify, OnSSI and SeeTec partners and customers, while also substantially expanding our geographic reach and market penetration.”