Qognify

Company Overview

Snapshot

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

Business overview

Qognify develops 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, detecting irregular patterns and recognizing trends. The company's solutions are deployed across various industries, 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 2023, Hexagon acquired Qognify, a strategic move that led to the rebranding of Qognify under Hexagon in April 2024. This acquisition and subsequent rebranding signal Hexagon's commitment to strengthening its physical security offerings and integrating Qognify's advanced security and safety risk mitigation capabilities into its broader portfolio, indicating a consolidation trend in the security software market.

Company Intelligence Q&A

When was Qognify acquired?

Qognify was acquired by Hexagon in April 2023.

What was the strategic outcome of the acquisition by Hexagon?

Following its acquisition by Hexagon in April 2023, Qognify was rebranded in April 2024, reaffirming Hexagon's commitment to physical security and integrating Qognify's solutions into its offerings.

What was a notable early recognition for Qognify?

In November 2015, Qognify received five Homeland Security Awards from Government Security News, highlighting its early impact in the security sector.

Did Qognify expand its global presence?

Yes, Qognify expanded its global R&D center in Israel in June 2017 and opened new corporate headquarters in New York in January 2017.

What was a key product development for Qognify in 2018?

In April 2018, Qognify unveiled its machine learning-based Access Control Insights solution at ISC West 2018, demonstrating its focus on advanced security technologies.