On-Net Surveillance Systems (OnSSI) acquired a majority stake in SeeTec in April this year, thus creating a new global player in the field of video management software (VMS). Thanks to the resulting synergies in technology and the ability to serve the needs of international customers and partners even better, the merger establishes a solid foundation for future growth.
On-Net Surveillance Systems (OnSSI) acquired a majority stake in SeeTec in April this year, thus creating a new global player in the field of video management software (VMS). Thanks to the resulting synergies in technology and the ability to serve the needs of international customers and partners even better, the merger establishes a solid foundation for future growth.
The pace of this positive development has now been quickened by the increased involvement of SeeTec, which has made an additional 2 million Euros (US$2.2 million) available. This allows further investments to be made, in particular in the area of technology, which will have a positive impact on the products and solutions of both SeeTec and OnSSI and so pave the way for the group's success in the global market.
"The additional injection of funds from our long-standing financial partner enables us to take important steps more quickly and thus lay the foundations for further growth."
Following its integration into the OnSSI Group, SeeTec changed its legal status from that of a stock corporation (AG) to a limited company (GmbH) with effect from September 3, 2015. This significantly simplifies the structures within the group and facilitates more efficient collaboration. SeeTec GmbH is managed by two managing directors: Stephan Rasp (previously CEO of SeeTec AG) and Andreas Beerbaum.
Rasp believes these changes mean SeeTec is well positioned to meet the challenges of the global market: "The additional injection of funds from our long-standing financial partner enables us to take important steps more quickly and thus lay the foundations for further growth. In particular, it allows us, as the OnSSI Group's technology center, to speed up the further development of our products by continuing to expand our software development team in order to keep providing our customers with pioneering, professional-quality solutions in the future.
Product Adopted:Software