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Qognify Inc acquires On-Net and SeeTec GmbH

US-based Qognify Inc. has acquired On-Net Surveillance Systems, Inc. and SeeTec AG, PE Hub reported. Financial terms of the transaction were not announced. Backed by private equity firm Battery Ventures, Qognify Inc. is a developer and provider of video management systems that help organisations to capture, analyze, and leverage big data to anticipate, manage, and mitigate security and safety risks. On-Net and SeeTec AG is a developer of Internet protocol based video surveillance software solutions and video management software solutions respectively.

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Mergers and Acquisitions,M&A,M&A deals