Qognify, a provider of Physical Security and Enterprise Incident Management software solutions, has announced that it is being acquired by Hexagon AB from Battery Ventures.
Qognify was formed in 2015 when Battery Ventures acquired the physical security division of NICE Systems, thus creating a new brand in the market. In 2018, Qognify acquired On-Net Surveillance Systems Inc. with its brands OnSSI and SeeTec.
Steve Shine, President and CEO at Qognify, says: “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. 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.”
Hexagon President and CEO Ola Rollén commented: “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. The acquisition also opens up new opportunities for us in real-time monitoring and security – extending our reach into new markets and enabling the cross-sell of complementary Hexagon offerings to Qognify’s customers.”
