Qognify a provider of physical security and enterprise incident management software, reported Dec. 19 that it’s being acquired by Hexagon AB, which supplies digital reality solutions combining sensor, software and autonomous technologies. Qognify will operate as part of Hexagon’s Safety, Infrastructure & Geospatial division. Closing of the transaction is subject to customary regulatory approvals.
Qognify was formed in 2015 when Battery Ventures acquired the physical security division of Nice Systems. In 2018, Qognify acquired On-Net Surveillance Systems and its brands OnSSI and SeeTec physical security brands. Qognify’s video management (VMS) and incident management (EIM) solutions mitigate risk and reduce the impact of incidents related to security, safety and operations.
“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,” says Steve Shine, president and CEO at Qognify. “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 that will benefit existing customers and partners.”
Ola Rollén, president and CEO of Hexagon, adds that, “Hexagon has long been a leader in public safety solutions that deliver situational awareness and insights to emergency services and others, improving operations, minimizing risk and saving lives. 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.
“This 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 like our award-winning Leica BLK Series of reality capture sensors. Also, integrating video monitoring capabilities into our enterprise asset management solution will enable customers across diverse industries to further optimize the performance and reliability of their assets.”
