Qognify Acquired by ‘Digital Reality Solutions’ Provider Hexagon AB
Hexagon’s solutions combine sensor, software and autonomous technologies. Qognify will operate as part of its Safety, Infrastructure & Geospatial division.
(Image: Qognify | Facebook)
PEARL RIVER, N.Y. — Qognify, a provider of physical security and enterprise incident management software solutions, announces it is being acquired by Hexagon AB, a global leader in digital reality solutions combining sensor, software and autonomous technologies.
Hexagon acquires Qognify from Battery Ventures, a global, technology-focused investment firm.
Qognify was formed in 2015 when Battery Ventures acquired the physical security division of NICE Systems.
In 2018, Qognify acquired On-Net Surveillance Systems with its brands OnSSI and SeeTec, forming a leading global player in the physical security market. Qognify’s video management (VMS) and incident management (EIM) solutions are used by companies and organizations around the world to mitigate risk and reduce the impact of incidents related to security, safety and operations, according to the company.
Steve Shine, president and CEO at Qognify, says, “Joining Hexagon gives Qognify the ability to expand its footprint in the area of true enterprise-class physical security solutions – especially in key verticals such as public safety, infrastructure and transportation. Qognify will be able to leverage Hexagon’s geographic reach to address additional markets. The acquisition creates a solid basis for continuous growth and development, from which also existing customers and partners will benefit.”
Qognify will operate as part of Hexagon’s Safety, Infrastructure & Geospatial division. Completion of the transaction (closing) is subject to customary regulatory approvals.
“Hexagon has long been a leader in public safety solutions that deliver situational awareness and insights to emergency services and others – improving operations, minimizing risk and saving lives. Qognify’s solutions are a natural expansion of our public safety portfolio, adding comprehensive and tightly integrated video capabilities that can provide dispatchers, responders and investigators with new levels of intelligence to serve and protect their communities,” says Hexagon President and CEO Ola Rollén. “The acquisition also opens up new opportunities for us in real-time monitoring and security – extending our reach into new markets and enabling the cross-sell of complementary Hexagon offerings to Qognify’s customers, like our award-winning Leica BLK Series of reality capture sensors. Additionally, integrating video monitoring capabilities into our enterprise asset management solution will enable customers across diverse industries to further optimize the performance and reliability of their assets.”
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Congratulations and as a former employee of Qognify/ONSSI, I wish all the best of luck as the both Qognify/ONSSI were the best companies to work for.
This Merger will have a huge impact on the current Video Surveillance Market, putting Hexagon/Qognify ahead of the Video Surveillance Competition.