VMS software firm OnSSI announced that it has entered into an agreement to acquire German-based SeeTec AG, a leading provider of video management solutions to the European market.
According to a statement, the agreement will combine OnSSI’s Ocularis VMS platform with SeeTec’s advanced logistics suite of products to deliver an “unparalleled solution” to their end users and channel partners.
“This acquisition is important for our growth, diversification and global presence strategies”, said Gadi Piran, OnSSI’s president and CTO. “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. I could not ask for a better partner than SeeTec to grow and deliver increased value to OnSSI customers.”
Additionally, OnSSI said that its leading position in many vertical markets along with SeeTec’s focus on video-based business and logistics add-on modules will create strong VMS solutions across multiple vertical markets.
“Joining forces with OnSSI gives SeeTec customers a strong long-term and global perspective. SeeTec technology will continue to be a driving force in the industry with additional opportunities and resources”, said Stephan Rasp, CEO of SeeTec AG. “We look forward to bringing both companies together in this effort.”