Qognify, a provider of physical security and enterprise incident management software solutions, has been acquired by Hexagon AB, a company that provides digital reality solutions combining sensor, software, and autonomous technologies. Hexagon acquired Qognify from Battery Ventures, a global, technology-focused investment firm.
Qognify was formed in 2015 when Battery Ventures acquired the physical security division of NICE Systems. In 2018, Qognify acquired On-Net Surveillance Systems Inc. with its brands OnSSI and SeeTec.
“Joining Hexagon gives Qognify the ability to expand its footprint in the area of true enterprise-class physical security solutions – especially in key verticals such as public safety, infrastructure and transportation,” said Steve Shine, president and CEO, Qognify, in a statement. “Qognify will be able to leverage Hexagon’s geographic reach to address additional markets. The acquisition creates a solid basis for continuous growth and development, from which also existing customers and partners will benefit.”
“Qognify’s solutions are a natural expansion of our public safety portfolio, adding comprehensive and tightly integrated video capabilities that can provide dispatchers, responders and investigators with new levels of intelligence to serve and protect their communities,” added Hexagon president and CEO Ola Rollén.
Qognify will operate as part of Hexagon’s Safety, Infrastructure & Geospatial division. Completion of the transaction (closing) is subject to customary regulatory approvals.
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