October/November 2015 Digital Edition
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
NICE Systems now Qognify as Battery Ventures<br />
completes acquisition of physical security unit<br />
bOStON, ma – (marketwired -<br />
Sep 21, <strong>2015</strong>) - battery ventures, a<br />
global technology investment firm,<br />
announced today that it has successfully<br />
completed the acquisition<br />
of Physical Security business Unit<br />
(PSbU), formerly part of the security<br />
division of publicly listed Nice<br />
Systems. Through the acquisition,<br />
which was originally announced in<br />
august, battery ventures has established<br />
an independently operating<br />
business named Qognify.<br />
Qognify will build on its leadership<br />
in the physical-security and<br />
mission-critical operations markets<br />
to further help clients capture,<br />
analyze and leverage big data to<br />
anticipate, manage and mitigate security<br />
and safety risks, as well as to<br />
maintain business continuity and<br />
optimize operations. The company’s<br />
customers include banks, utility<br />
companies, airports, seaports, city<br />
centers and transportation systems,<br />
as well as venues hosting<br />
sporting events and major<br />
tourist attractions.<br />
as previously announced,<br />
moti Shabtai, formerly the<br />
general manager of the<br />
PSbU at Nice Systems, has<br />
become president of Qognify.<br />
He is joined by adam<br />
markin, an experienced industry<br />
operator and former<br />
battery ventures executive in residence,<br />
who is the new chairman of<br />
Qognify.<br />
Qognify is headquartered in New<br />
Jersey with additional offices in<br />
london and Singapore, and an r&D<br />
center in israel. as Nice Systems,<br />
the company has been a frequent<br />
gSN awards winner in recent years,<br />
particularly in the airport, Seaport<br />
markets where its video analytics<br />
technologies, integrated security<br />
programs, Situator PSims are now<br />
in use at los angeles airport, Ports<br />
of corpus christi, miami and the<br />
virginia Port authority and other<br />
critical facilities.<br />
more information about Qognify<br />
is available at: www.qognify.com<br />
About Battery Ventures<br />
battery strives to invest in categorydefining<br />
businesses in markets including<br />
software and services, Web<br />
infrastructure, e-commerce, digital<br />
media and industrial technologies.<br />
Founded in 1983, the firm backs<br />
companies at stages ranging from<br />
seed to private equity and invests<br />
globally from offices in boston, the<br />
San Francisco bay area and israel.<br />
Follow the firm on Twitter @BatteryVentures,<br />
visit our website at<br />
http://www.battery.com and find a<br />
full list of Battery’s portfolio companies<br />
here.<br />
16
Change language