Tag: Battery Ventures
Qognify becomes part of Hexagon division
April 7, 2023Ken Showers, Managing Editor
PEARL RIVER, N.Y. – Video management software (VMS) and enterprise incident management (EIM) provider Qognify announced that it has joined Hexagon as part of its Safety, Infrastructure & Geospatial Division.
Qognify was acquired by Hexagon from tech company Battery Ventures late last year on Dec. 19, 2022. Safety, Infrastructure & Geospatial Division President Steven Cost spoke about the acquisition in the company’s official release, saying, “Qognify extends our real-time...
Qognify acquired by Hexagon AB
December 19, 2022SSN Staff
PEARL RIVER, N.Y. – Physical security and enterprise security solutions provider Qognify has announced its acquisition by digital reality software company Hexagon AB.
Hexagon AB acquires the company from previous owner, tech-focused investment firm Battery Ventures. It was in 2015 when Battery Ventures acquired the physical security division of NICE Systems that Qognify was formed. Qognify went on to take On-Net Surveillance Systems into the fold in 2018 becoming a key player in the...
Battery, NICE deal is done, business renamed Qognify
September 23, 2015Martha Entwistle
BOSTON—Battery Ventures on Sept. 20 closed the NICE physical security business unit deal and renamed the business Qognify.Battery Ventures announced its intention to acquire the business in August for $85 million in cash and up to an additional $15 million. Final terms have not been made public, however, Monroe Capital in Chicago announced that it was the sole lead arranger and administrative agent on the funding of a $57.5 million senior credit facility to support Battery Ventures' acquisition.Monroe...
Battery closes NICE deal, renames security company
September 21, 2015Martha Entwistle
BOSTON— Battery Ventures today closed the NICE physical security business unit deal and announced that the new independent business will be called Qognify.
Battery Ventures announced its intention to acquire the business for "up to $100 million" in August. Here's a story on that announcement.� Today's announcement did not include details on the final price.
In August, I spoke to Battery Ventures' Jesse Feldman about the deal. I have a call into Feldman to talk more and I'm...
Battery Ventures to buy NICE security unit for $100 million
August 3, 2015Martha Entwistle
BOSTON—Battery Ventures, a technology investment firm based here, announced today it will acquire the physical security business unit (PSBU) of NICE Systems for up to $100 million.
Jesse Feldman, general partner at Battery Ventures, told Security Systems News that Battery will use the PSBU as a platform for growth and it is interested in possibly acquiring access control capabilities and more analytics capabilities as well.
“We have a signed deal. We're just waiting for regulatory...
Tyco completes acquisition of Industrial Safety Technologies
March 24, 2015SSN Staff
CORK, Ireland—Tyco International has completed its acquisition of Industrial Safety Technologies, a manufacturer of gas and flame detection gear, from Battery Ventures for $329.5 million in cash.
The business is expected to generate approximately $140 million in annualized revenue, according to a prepared statement from Tyco.
Tyco said the combination of IST with Tyco's Scott Safety business will make it one of the largest global designers and manufacturers of gas and flame detection products,...