Pearl River (USA) and Bruchsal (Germany), July 11, 2017: OnSSI and SeeTec announce the completion of a $16-million private placement for OnSSI by Seacoast Capital, an institutional investor based in the USA focused on high quality companies. Seacoast’s first investment in OnSSI will be used to leverage innovative technologies of both brands, to strengthen their sales presence and to fuel the business with BVI (Business Video Intelligence) solutions.
“We have never been better positioned to support our global customers. OnSSI and SeeTec have created a dynamic business proposition by providing leading open architecture based VMS and BVI to facilitate security and to support business processes, and now with this strategic investment by Seacoast, we are strongly positioned for accelerated growth through our core business and key initiatives,” says Gadi Piran, President and CTO, OnSSI.
Stephan Rasp, Managing Director of SeeTec, adds: “The IP video market is rapidly changing. For VMS companies like us it is no longer just about producing software but taking an active part as a solution specialist in increasingly complex security and business process ecosystems. The recent investment by Seacoast allows us to strengthen our unique position in the market and to grow market share as independent provider of VMS.”
On-Net Surveillance Systems, Inc. (OnSSI) was founded in 2002 with the goal of developing comprehensive and intelligent IP video surveillance management software. OnSSI’s Ocularis IP security and surveillance VMS platform increases security, reduces operational costs, and helps organizations move closer to prevention. Ocularis delivers open architecture, flexibility, and scalability for a range of applications including education, gaming, government, healthcare, manufacturing, public safety, transportation, and utilities. OnSSI is headquartered in Pearl River, New York and has representation in over 100 countries.