Qognify, a provider of physical security and enterprise incident management software solutions, has announced that it is being acquired by Hexagon AB, a supplier of digital reality solutions combining sensor, software and autonomous technologies.
Hexagon has acquired the company 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, creating a new brand. In 2018, the company acquired On-Net Surveillance Systems Inc. with its brands OnSSI and SeeTec.
Qognify will operate as part of Hexagon’s Safety, Infrastructure & Geospatial division. Completion of the transaction is subject to customary regulatory approvals.
“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 at Qognify. “[We] 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 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,” said Hexagon President and CEO Ola Rollén. “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.”