OnSSI Acquires European VMS Provider SeeTec

The transaction continues further consolidation among video management software providers.

PEARL RIVER, N.Y. – Video management software company On-Net Surveillance Systems (OnSSI) has signed a definitive agreement to acquire SeeTec AG, a German-based company providing VMS solutions to European markets. Terms of the deal were not disclosed.

Both OnSSI and SeeTec are privately owned and considered among the biggest VMS providers in their respective markets. In a press release announcing the deal, SeeTec is described as one of the first providers of network-based video management applications, providing customers with targeted solutions aligned with customer requirements and industry-specific processes.

The agreement combines the strengths of each company by leveraging OnSSI’s Ocularis VMS platform with SeeTec’s advanced logistics suite of products, according to Gadi Piran, OnSSI’s president and CTO.

“This acquisition is important for our growth, diversification and global presence strategies. SeeTec is highly regarded in European markets for its software development, client services and outstanding customer relationships,” Piran says. “They will continue to provide these services locally, while working together with OnSSI to expand globally.”

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The combination of OnSSI’s leading position in many vertical markets and SeeTec’s focus on video-based business and logistics add-on modules will create strong VMS solutions across multiple vertical markets, according to the companies.

“Joining forces with OnSSI gives SeeTec customers a strong long-term and global perspective. SeeTec technology will continue to be a driving force in the industry with additional opportunities and resources”, says Stephan Rasp, CEO of SeeTec AG. “We look forward to bringing both companies together in this effort.”

The transaction follows a continuing consolidation trend in the VMS space, which includes notable deals such as Panasonic’s purchase of Video Insight, Canon snapping up Milestone and Tyco’s play in 2013 for Exacq Technologies.

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