Hexagon AB, a global supplier of digital reality solutions combining sensor, software and autonomous technologies, announced the acquisition of Qognify, a provider of physical security and enterprise incident management software solutions.
Qognify's solutions link business and operational workflows with video data to minimize the impact of security, safety, and operational incidents. End markets include everything from large utility networks and educational campuses to complex industrial facilities - the same customers that also benefit from Hexagon's computer-aided dispatch (CAD) solutions, which play a crucial role in mobilizing the people ultimately responsible for incident resolution.
Qognify's video management software (VMS) leverages video analytics from camera feeds and cloud technology to provide a single video monitoring solution. The company's enterprise incident management (EIM) software integrates real-time information from video feeds and many other diverse systems into a single dashboard. By correlating and analyzing disparate data, customers can derive meaningful insights that ensure incidents are managed effectively and efficiently to avoid business disruption.
Headquartered in Pearl River, New York, USA, Qognify will operate as part of Hexagon's Safety, Infrastructure & Geospatial division. Completion of the transaction (closing) is subject to customary regulatory approvals. Qognify's 2023 revenues are expected to be more than 50 MEUR.