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The US firm Qognify is acquiring On-Net Surveillance Systems, Inc. (OnSSI) and the OnSSI company SeeTec GmbH. Qognify says it’s become one of the largest VMS, Video Analytics, PSIM and critical incident management companies in the world. Qognify is backed by the investment firm Battery Ventures.
Based in Pearl River, New York, like Qognify, OnSSI was founded in 2002 to offer intelligent IP video management software (VMS). Today, the company has a presence in more than 100 countries, where its Ocularis and Cayuga VMS solutions are in use in the education, gaming, government, healthcare, manufacturing, retail, public safety and transport sectors and by utilities.
SeeTec GmbH is a German provider of VMS software, acquired by OnSSI in 2015, with 100 employees, working out of offices across mainland Europe, Dubai, Scandinavia and the UK.
Steve Shine, pictured, CEO and President of Qognify says: “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.”
Gadi Piran, Co-Founder, President and CTO of OnSSI says: “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.” Piran adds: “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 says: “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.”