Battery Ventures completes acquisition of NICE Systems’ Physical Security Business Unit
Global technology investment operation Battery Ventures has successfully completed the acquisition of the Physical Security Business Unit (PSBU) which was formerly part of the security division at publicly-listed surveillance and data security specialist NICE Systems.
Through the acquisition, which was originally announced in August, Battery Ventures has established an independently-operating business named Qognify. Following the deal, Qognify will now build on its status in the physical security and mission-critical operations markets to further help its clients capture, analyse and leverage big data in order to anticipate, manage and mitigate security and safety risks, in addition to maintaining business continuity and optimising operations.