Qognify biedt oplossingen voor video- en bedrijfsincident beheer voor het verbeteren van de fysieke beveiliging en bedrijfsvoering aan bedrijven in verschillende sectoren

BOSTON–(BUSINESS WIRE)– Battery Ventures, een wereldwijde, op technologie gerichte investeringsmaatschappij, heeft vandaag de verkoop aangekondigd van haar portefeuillebedrijf Qognify, een leverancier van software voor fysieke beveiliging en incidentbeheer, aan Hexagon AB.

De voorwaarden van de transactie zijn niet bekendgemaakt en het blijft onderworpen aan de gebruikelijke wettelijke controle.

Qognify, gevestigd in Pearl River, NY, helpt duizenden bedrijven en organisaties over de hele wereld bij het beheren van fysieke beveiliging en bedrijfsactiviteiten, onder andere door middel van videobewaking technologie en software voor het beheer van incidenten. Klanten zijn onder meer die in de sectoren productie, transport, detailhandel, onderwijs, financiën, logistiek, correcties en overheid. Het bedrijf heeft naast de VS ook grote ontwikkelingscentra in Duitsland en Israël, en heeft verkoop- en ondersteuningskantoren over de hele wereld.

Battery Ventures Announces Sale of Physical-Security Technology Firm Qognify to Hexagon AB

Qognify provides video and enterprise incident-management solutions for improving physical security and business operations to companies across industries

BOSTON–(BUSINESS WIRE)– Battery Ventures, a global, technology-focused investment firm, today announced the sale of its portfolio company Qognify, a provider of physical-security and incident-management software, to Hexagon AB.

Terms of the transaction were not disclosed, and it remains subject to customary regulatory review.

Qognify, based in Pearl River, NY, helps thousands of companies and organizations around the world manage physical security and business operations through video surveillance technology and incident-response management software, among other technologies. Customers include those in the manufacturing, transportation, retail, education, finance, logistics, corrections and government sectors. The company operates major development hubs in Germany and Israel, in addition to the U.S., and operates sales and support offices around the globe.

“Qognify is a great example of our buyout strategy in action — identifying best-in-class technologies and then driving growth through product leadership and R&D as well as strategic acquisitions,” said Battery General Partner Jesse Feldman. “We are proud this industry-leadership was recognized and valued by Hexagon, as it acquires Qognify.”

Battery formed Qognify in 2015 through a spinout of NICE System’s physical security business unit. In 2018, Qognify acquired On-Net Surveillance Systems Inc. with its brands OnSSI and SeeTec, forming a leading global player in the physical security market.

“Battery has been a tremendous partner to Qognify as we built a comprehensive platform in the mission-critical security and incident management sector,” said Steve Shine, CEO, Qognify. “We look forward to continuing our heritage of product leadership, while further integrating our solutions across Hexagon’s public safety suite to better serve our existing customers and new Hexagon customers alike.”

Raymond James acted as financial advisor to the company.

About Battery Ventures

Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, consumer tech, healthcare IT and industrial technology and life-science tools. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from offices in Boston, San Francisco, Menlo Park, New York, London and Tel Aviv. Follow the firm on Twitter @BatteryVentures, visit our website at www.battery.com and find a full list of Battery’s portfolio companies here.

About Qognify

Qognify helps safeguard your world, focusing on the outcomes of customers, who place a premium on physical security. Providing solutions to mitigate risks, increase security and optimize operations, Qognify serves thousands of customers all over the world as a trusted advisor. The comprehensive portfolio of Qognify contains physical security and incident management solutions, which create add value for many sectors including manufacturing companies, transportation authorities, retail chains, banks and other financial institutions, ports and seaports, logistics service providers, schools and universities, correctional facilities, critical infrastructures, and cities. Headquartered in Pearl River, New York, Qognify operates major development hubs in Germany and Israel as well as sales and support offices around the globe.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221218005074/en/

Contacts

Rebecca Buckman

Marketing Partner, Battery Ventures

becky@battery.com
650-292-2077