Frankfurt am Main, January 3, 2019
SKYE PARTNERS has legally advised the New York and Germany based OnSSi-Group and its shareholder Seacoast Capital on the sale of OnSSi-Group to Qognify, Inc., a portfolio company of Battery Ventures. The parties have agreed not to disclose the terms of the transaction.
On-Net Surveillance Systems, Inc. (OnSSi) was founded in 2002 with the goal of developing comprehensive and intelligent IP video management software (VMS). Today, the company has an established presence in more than 100 countries, where its Ocularis and Cayuga VMS solutions are relied upon by education, gaming, government, healthcare, manufacturing, retail, public safety, transportation and utilities organizations. Part of OnSSi-Group is the Germany-based SeeTec GmbH, a leading provider of VMS software in Europe. SeeTec GmnH was acquired by OnSSI in 2015 and employs 100 employees, working out of offices across mainland Europe, Dubai, Scandinavia and the UK.
Seacoast Capital provided growth financing to OnSSi-Group in 2017. Seacoast Capital is a mid-cap private equity firm operating out of offices in San Francisco and Boston, MA. The firm seeks to partner with business owners and management teams who desire to remain with, rather than cash out of their business in order to support the businesses‘ growth and sustainability. Seacoast pursues investment opportunities in companies which offer differentiated products or services that possess a sustainable advantage relative to their competition.
Qognify distributes a portfolio of Physical Security and Enterprise Incident Management solutions, which include video management, video and data analytics, and PSIM/ Situation Management solutions that are deployed in financial institutions, transportation agencies, airports, seaports, utility companies, city centers, and to secure many of the world’s highest-profile public events.
Qognify is a portfolio company of Battery Ventures, a private equity investor who invests in cutting-edge, category-defining businesses in markets including software and services, Web infrastructure, consumer Internet, mobile and industrial technologies. Founded in 1983, the firm backs companies at stages ranging from seed to private equity and invests globally from offices in Boston, the San Francisco Bay Area, London, Israel and New York.
SKYE PARTNERS’ M&A and Private Equity advisory team, who already advised SeeTec in its takeover by OnSSi in 2015, advised OnSSi-Group and SeaCoast Capital on the German legal aspects required for the transaction and transaction execution.
Advisors to OnSSi / SeaCoast:
SKYE PARTNERS, Frankfurt a.M.: Holger Scheer, Christoph Breithaupt, Jana Kalbfleisch, Julia Rosigkeit, Sandra Brieske (all M&A/Private Equity).
Dorsey & Whitney LLP, Dallas/New York: Stuart Chasanoff, Christoph Luschin, Rachael Mozelewski (all M&A/Private Equity).
Cooley LLP, New York: Peyton Worley, Brandon Fenn, Matthew Shandy, (all Corporate / M&A).
Advisors to Qognify / Battery Ventures:
Cooley LLP, Boston, MA: Wilber Barillas, Sarah O’Loughlin, (all Corporate / M&A).
White & Case, Frankfurt am Main: Stefan Koch, Sebastian Brenner, Hugo Schwarz Leite (all Corporate / M&A)
Holger Scheer – SKYE PARTNERS
Tel: +49 69 99999 3800
About SKYE PARTNERS:
SKYE PARTNERS (www.skye-partners.de) is active since February 2018 as a transaction law firm, specializing in corporate law, venture capital, private equity and mergers and acquisitions. With more than 25 years of international experience in corporate transactions, we use state-of-the-art software technology to form and coordinate bespoke teams for our clients’ complex transactions. Thereby, SKYE PARTNERS already developed a growing network of more than 400 legal advisers at 17 locations in the major jurisdictions of Europe, America, Asia and the Middle East.
SKYE PARTNERS uses only those colleagues who are perfectly suited to the respective client, both professionally and personally, and with whom long-standing contacts already exist.
The knowledge of our clients, their business and the industries and markets in which they operate is the basis for a true added value for our clients. We share this knowledge with our global cooperation partners and thus offer modern, integrated and global consulting at the highest level.
Our clients include leading private equity firms, venture capital funds, investment banks and companies across a range of industry sectors, including healthcare, services, consumer products, software & technology, ITC & TMT, SAS, e-commerce and digital entertainment.