Qognify acquires OnSSI Group

PEARL RIVER, N.Y.—Qognify, a technology solution provider for physical security and enterprise incident management based here, announced that it has completed the acquisition of the IP video management software (VMS) company On-Net Surveillance Systems (OnSSI), including IP video technology company SeeTec GmbH.

Backed by the global investment firm Battery Ventures, Qognify announced the agreement on Dec. 22, 2018 and the deal closed on Dec. 28, 2018.

With Qognify, OnSSI and SeeTec operating under one umbrella, the company said it is now “one of the largest VMS, Video Analytics, PSIM and Critical Incident Management companies in the world,” serving mid-market and enterprise organizations.

“Following the swift closing of the deal, we look forward to focusing on 2019, supporting all Qognify, OnSSI and SeeTec partners and customers, whilst substantially expanding our geographic reach and market penetration,” Steve Shine, CEO and president of Qognify said after the closing of the deal. “Today, through our combined portfolio of award-winning and market-leading technologies, infrastructure and expertise, we expand our global presence, creating an entity capable of meeting the exacting requirements of mid-market and enterprise organizations anywhere in the world.”

Also located in Pearl River, New York, OnSSI was founded in 2002 with the goal of developing comprehensive and intelligent IP video management software (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, gaming, government, healthcare, manufacturing, retail, public safety, transportation and utilities organizations.

“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,” Gadi Piran, co-founder, president and CTO of OnSSI said in a prepared statement. “Our collective market reach is truly global, with a strong presence in Europe, the US and Asia that will continue to grow.”

SeeTec GmbH is a pioneer of IP video technology and today 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.

“OnSSI and SeeTec solutions have a deservedly excellent reputation throughout the security sector,” Shine said. “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.”

Jesse Feldman, general partner at Battery Ventures, which acquired Qognify from NICE Systems in 2015, added, “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.”