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Business
News
HID acquires Guard RFID acquisition
Battery Ventures sells Qognify to Hexagon
Securitas strategy successfully gains new funding
Austin, Tx (USA) and Vancouver, Canada
Pearl River, NY (USA) and Stockholm, Sweden
Stockholm, Sweden
The addition of Guard RFID
expands HID's offering and
relevance in the active RFID and
RTLS space, including the sup-
port for new use cases catered to
the needs of healthcare facilities.
"Bringing Guard RFID and
its innovative RTLS technology
into the HID family allows us to
enhance our healthcare presence
to better protect patients and
staff," said Björn Lidefelt, EVP
and Head of HID. "As incidents
in healthcare facilities continue
to rise, these solutions will help
providers do what they do best
making their patients feel better,
faster."
"Incorporating Guard RFID
into HID's Identification Tech-
nologies grows and reasserts our
expansion as a major player in
the healthcare industry," states
Marc Bielmann, SVP and Head of
Identification Technologies, HID.
"This acquisition, along with our
growing portfolio of RTLS and
active RFID solutions, provides
new and existing healthcare
clients with even more options to
protect their patients and staff."
Founded in 2007 and head-
quartered in Vancouver, Canada,
Guard RFID is now part of
HID's Identification Technologies
Business Area led by Marc Biel-
mann. The Guard RFID offering
will merge into HID's Internet
of Things (IoT) Business Unit
and benefit from HID's sales and
other global functions to support
its offering.
With it headquarters in Stock-
holm, Sweden, Hexagon is a glob-
al leader in digital reality solutions
combining sensor, software, and
autonomous technologies. Hexa-
gon acquires Qognify from Battery
Ventures, a global, technology-
focused investment firm.
Qognify was formed in 2015
when Battery Ventures acquired
the physical security division
of Nice Systems, thus creating
a new brand in the market. In
2018, Qognify acquired On-Net
Surveillance Systems Inc. with its
brands ONSSI and Seetec, form-
ing a leading global player in the
physical security market. Qognify's
video management (VMS) and
incident management (EIM) solu-
tions are used by companies and
organisations around the world
to mitigate risk and reduce the
impact of incidents related to secu-
rity, safety and operations.
Steve Shine, President and
CEO at Qognify, highlights the
opportunity the acquisition creates
for Qognify: "Joining Hexagon
gives Qognify the ability to expand
its footprint in the area of true
enterprise-class physical security so-
lutions especially in key verticals
such as public safety, infrastructure
and transportation. Qognify will
be able to leverage Hexagon's geo-
graphic reach to address additional
markets. The acquisition creates a
solid basis for continuous growth
and development, from which also
existing customers and partners
will benefit."
"Hexagon has long been a
leader in public safety solutions
that deliver situational awareness
and insights to emergency services
and others improving opera-
tions, minimising risk and saving
lives," says Hexagon President
and CEO Ola Rollén. "Qognify's
solutions are a natural expansion
of our public safety portfolio,
adding comprehensive and tightly
integrated video capabilities that
can provide dispatchers, responders
and investigators with new levels
of intelligence to serve and protect
their communities."
"The acquisition also opens up
new opportunities for us in real-
time monitoring and security
extending our reach into new mar-
kets and enabling the cross-sell of
complementary Hexagon offerings
to Qognify's customers, like our
award-winning Leica BLK Series of
reality capture sensors," continued
Rollén. "Additionally, integrating
video monitoring capabilities into
our enterprise asset management
solution will enable customers
across diverse industries to further
optimise the performance and reli-
ability of their assets."
Qognify will operate as part of
Hexagon's Safety, Infrastructure
& Geospatial division. Comple-
tion of the transaction (closing)
is subject to customary regulatory
approvals.
Securitas
has this week conclud-
ed a successful Schuldschein loan
transaction, raising MEUR 300
equivalent in the international
Schuldschein market.
By entering into the Schuld-
schein market for the first time
Securitas establishes a new source
of long-term funding for the
Group.
The issue was oversubscribed
by more than triple the launch
amount. The majority of the
funding is for five years and
consists of Euro and US dollar
tranches. The proceeds will be
used to refinance part of the
remaining MUSD 1,146 bridge
facility related to the acquisition
of Stanley Security which was
closed on July 22, 2022.
The joint arrangers were
Commerzbank, ING, SEB and
Unicredit.
Qognify, a leading provider of Physical Security
and Enterprise Incident Management software
solutions, is being acquired by Hexagon AB.
HID has acquired Guard RFID, a leading provider
of real-time location services (RTLS) hardware and
software solutions in the healthcare space.
"Bringing Guard RFID and its innova-
tive RTLS technology into the HID fam-
ily allows us to enhance our healthcare
presence to better protect patients and
staff," says Björn Lidefelt, EVP and
Head of HID.
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