Qognify sold to Hexagon

Qognify, a leading provider of Physical Security and Enterprise Incident Management software solutions, is being acquired by Hexagon AB.  With it headquarters in Stockholm, Sweden, Hexagon is a global leader in digital reality solutions combining sensor, software, and autonomous technologies. Hexagon acquires 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, thus creating a new brand in the market. 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. Qognify’s video management (VMS) and incident management (EIM) solutions are used by companies and organisations around the world to mitigate risk and reduce the impact of incidents related to security, safety and operations.

Steve Shine, President and CEO at Qognify, highlights the opportunity the acquisition creates for Qognify: “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.”

Qognify will operate as part of Hexagon’s Safety, Infrastructure & Geospatial division. Completion of the transaction (closing) is subject to customary regulatory approvals.