Qognify

Company Overview

Snapshot

Founded in September 2015, Qognify operates with 201–500 employees. The company was acquired by Hexagon in April 2023, marking a significant milestone in its journey.

Business overview

Qognify develops solutions designed to help organizations capture, analyze, and leverage big data to manage security risks, maintain business continuity, and streamline operations. The company provides insights that correlate structured and unstructured data from multiple sensors and channels, detecting irregular patterns and recognizing trends. Its solutions serve various markets, including banks, utility companies, airports, seaports, city centers, transportation systems, major tourist attractions, sporting events, and diplomatic meetings, operating within the Business Software sector.

Strategic signal

In April 2024, Hexagon rebranded Qognify, reaffirming its commitment to physical security. This move signals Hexagon's strategic integration of Qognify's capabilities and its continued focus on leveraging advanced security solutions within its broader portfolio, indicating a stable and integrated future for Qognify's technology under new ownership.

Company Intelligence Q&A

What was a significant corporate event for Qognify in 2023?

Qognify was acquired by Hexagon in April 2023, leading to its current status as an inactive entity under the acquiring company.

What was the strategic impact of Hexagon's rebranding of Qognify?

In April 2024, Hexagon rebranded Qognify, which reaffirmed Hexagon's commitment to physical security and indicated the strategic integration of Qognify's solutions into Hexagon's offerings.

What was a key development for Qognify in December 2018?

In December 2018, Qognify secured a funding round from Battery Ventures.

What was Qognify's global expansion strategy in early 2017?

In January 2017, Qognify opened new corporate headquarters in New York, expanding its global presence.

What was a notable product showcase for Qognify in 2018?

In March 2018, Qognify debuted its packaged solutions at ISC West 2018, highlighting new offerings in the security market.