Qognify to acquire VMS maker OnSSI

SP&T Staff
Wednesday December 26, 2018
Written by
Qognify announced in late December it has signed an agreement to acquire On-Net Surveillance Systems Inc. (OnSSI) as well as OnSSI company SeeTec GmbH.

Pearl River, N.Y.-based OnSSI was founded in 2002. Its Ocularis and Cayuga VMS solutions are deployed in more than 100 countries in markets including education, gaming, government, health care, manufacturing, retail, public safety, transportation and utilities, according to the company. Germany-based SeeTec, a European provider of VMS software, was acquired by OnSSI in 2015.

“OnSSI and SeeTec solutions have a deservedly excellent reputation throughout the security sector," said Steve Shine, CEO and president of Qognify, in a statement. "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.”

“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.” added 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 close by the end of 2018.

Qognify was acquired from NICE Systems in 2015 by Battery Ventures.

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