Qognify

Company Overview

Snapshot

Founded in September 2015, Qognify operated with 201–500 employees, developing solutions for security and safety risk mitigation. The company was acquired by Hexagon in April 2023, marking a significant exit for the business.

Business overview

Qognify specializes in developing solutions that enable organizations to capture, analyze, and leverage big data to manage security risks, maintain business continuity, and streamline operations. Its core technology provides insights by correlating structured and unstructured data from multiple sensors and channels to detect irregular patterns and recognize trends. The company serves diverse 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 the physical security sector. This move signals Hexagon's strategic integration of Qognify's capabilities and its intent to further develop and leverage Qognify's technology within its broader portfolio, indicating a continued focus on innovation in security solutions.

Company Intelligence Q&A

When was Qognify acquired?

Qognify was acquired by Hexagon in April 2023.

What was a key development for Qognify in April 2024?

In April 2024, Hexagon rebranded Qognify, reaffirming its commitment to physical security.

What was a notable product showcase for Qognify in November 2019?

In November 2019, Qognify demonstrated integrated video solutions with Cayuga and Umbrella at Intersec 2020.

What strategic move did Qognify make in December 2018?

In December 2018, Qognify aimed to extend its global stance with the OnSSI acquisition, supported by Battery Ventures.

What was a significant operational expansion for Qognify in June 2017?

In June 2017, Qognify expanded its global R&D center in Israel.