M&A Deal Summary

Qognify Acquires On-Net Surveillance Systems

On December 22, 2018, Qognify acquired software company On-Net Surveillance Systems from Seacoast Capital

Acquisition Highlights
  • This is Qognify’s 1st transaction in the Software sector.
  • This is Qognify’s 1st transaction in the United States.
  • This is Qognify’s 1st transaction in New York.

M&A Deal Summary

Date 2018-12-22
Target On-Net Surveillance Systems
Sector Software
Buyer(s) Qognify
Sellers(s) Seacoast Capital
Deal Type Add-on Acquisition

Target

On-Net Surveillance Systems

Pearl River, New York, United States
On-Net Surveillance Systems, Inc. is an independent provider of IP-based video management software (VMS) and services used to manage video surveillance cameras and other security edge devices. Ocularis delivers open architecture, flexibility, and scalability for a range of applications including education, gaming, government, healthcare, manufacturing, public safety, transportation, and utilities. OnSSI is headquartered in Pearl River, New York and has representation in over 100 countries.

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Buyer(S) 1

Buyer

Qognify

London, United Kingdom

Category Company
Sector Information Technology
DESCRIPTION

Qognify is a provider of video management, video and data analytics, and PSIM/ Situation Management solutions that are deployed in financial institutions, transportation agencies, airports, seaports, utility companies, and city centers. Qognify is based in London, England.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Seacoast Capital

Danvers, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1994
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Seacoast Capital is a private investment firm that invests equity and mezzanine capital in smaller companies with revenues greater than $10 million and at least $2 million in operating income. Sectors of interest include manufacturing, distribution, business services and industrial technologies. Seacoast has a particular interest in companies located in underserved urban and rural markets, and in all cases, partners with management when considering transactions. Seacoast Capital was formed in 1994 and has offices in Danvers, Massachusetts and San Francisco, California.


DEAL STATS #
Overall 14 of 23
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 7
State: New York M&A 2 of 2
Country: United States M&A 14 of 23
Year: 2018 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 Deliver-It

Santa Fe Springs, California, United States

Deliver-It is a provider of last-mile logistics, specializing in overnight, same day, and scheduled delivery services. The Company partners with a wide spectrum of industries including the legal, payroll, and pharmaceutical sectors, among others. D.I.’s Southern California terminals process shipments for deliveries throughout California, Nevada, and Arizona. Deliver-It was founded in 2005 and is based in Santa Fe Springs, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-16 Stone Road Energy

Bridgton, Maine, United States

Stone Road Energy LLC is a retail distributor of propane and heating oil and service providers in New England. Stone Road portfolio consists of many brands in many regions, as we acquire local companies we retain their brand identity and presence in the communities they have served for many generations. Stone Road Energy LLC was founded in 2008 and is based in Bridgton, Maine.

Sell -