Qognify Acquires VMS Provider OnSSI to Expand Global Presence
With Qognify VisionHub, OnSSI Ocularis and SeeTec Cayuga all under one roof, Qognify says it has become one of the largest VMS and PSIM companies in the world.
PEARL RIVER, N.Y. — Qognify, a technology solution provider for physical security and enterprise incident management, has signed a definitive agreement to acquire On-Net Surveillance Systems (OnSSI) and the OnSSI company, SeeTec GmbH.
With Qognify VisionHub, OnSSI Ocularis and SeeTec Cayuga all under one roof, Qognify says it has become one of the largest VMS, video analytics, PSIM and critical incident management companies in the world. The company is backed by global investment firm Battery Ventures.
Also located here, OnSSI has an established presence in more than 100 countries, where its Ocularis and Cayuga VMS solutions can be found being utilized in education, gaming, government, healthcare, manufacturing, retail, public safety, transportation and utilities organizations.
“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, to increase the range of target markets we are able to serve. The partnership also greatly increases the number of customers and partners for the combined business. This is a very exciting agreement for all of us,” says Steve Shine, CEO and president of Qognify.
SeeTec GmbH is 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.
“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 to full scale intelligent situational awareness,” says Gadi Piran, co-founder, president and CTO of OnSSI “Our collective market reach is truly global, with a strong presence in Europe, the US and Asia that will continue to grow.”
The transaction is expected to be completed by the end of 2018, subject to certain conditions and satisfaction of terms. Imperial Capital served as exclusive financial advisor to OnSSI in the transaction.
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