Video Management Software company On-Net Surveillance Systems (OnSSI) announced that it has signed a definitive agreement to acquire SeeTec AG, a privately held German-based company providing VMS solutions to European markets.
Video Management Software company On-Net Surveillance Systems (OnSSI) announced that it has signed a definitive agreement to acquire SeeTec AG, a privately held German-based company providing VMS solutions to European markets. As one of the first providers of network-based video management applications, SeeTec provides customers with targeted solutions aligned with customer requirements and industry-specific processes. The agreement combines the strengths of OnSSI and SeeTec by leveraging OnSSI's industry-leading Ocularis VMS platform with SeeTec's advanced logistics suite of products, delivering an unparalleled solution for end users and channel partners alike.
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The combination of OnSSI's leading position in many vertical markets and SeeTec's focus on video-based business and logistics add-on modules will create strong VMS solutions across multiple
vertical markets.
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“This acquisition is important for our growth, diversification and global presence strategies”, said Gadi Piran, OnSSI's President and CTO. “SeeTec is highly regarded in European markets for its software development, client services and outstanding customer relationships. They will continue to provide these services locally, while working together with OnSSI to expand globally. I could not ask for a better partner than SeeTec to grow and deliver increased value to OnSSI customers.”
“Joining forces with OnSSI gives SeeTec customers a strong long-term and global perspective. SeeTec technology will continue to be a driving force in the industry with additional opportunities and resources”, says Stephan Rasp, CEO of SeeTec AG. “We look forward to bringing both companies together in this effort."