OnSSI to acquire German-based VMS provider
PEARL RIVER, N.Y. – Video management software company OnSSI will acquire SeeTec AG, a privately held company based in Germany that provides VMS solutions in Europe.
The acquisition agreement, announced April 7, combines the strengths of OnSSI and SeeTec by leveraging OnSSI’s industry-leading Ocularis VMS platform with SeeTec’s advanced logistics suite of products, the company said.
“This acquisition is important for our growth, diversification and global presence strategies,” Gadi Piran, OnSSI’s president and CTO, said in a prepared statement.
“SeeTec is highly regarded in European markets for its software development, client services and outstanding customer relationships. They will continue to provide these services locally, while working together with OnSSI to expand globally. The combination of OnSSI’s leading position in many vertical markets and SeeTec’s focus on video-based business and logistics add-on modules will create strong VMS solutions across multiple vertical markets,” he said.