Tag: NICE Systems

PEARL RIVER, N.Y. – Physical security and enterprise security solutions provider Qognify has announced its acquisition by digital reality software company Hexagon AB. Hexagon AB acquires the company from previous owner, tech-focused investment firm Battery Ventures. It was in 2015 when Battery Ventures acquired the physical security division of NICE Systems that Qognify was formed. Qognify went on to take On-Net Surveillance Systems into the fold in 2018 becoming a key player in the...

BOSTON—Battery Ventures, a technology investment firm based here, announced today it will acquire the physical security business unit (PSBU) of NICE Systems for up to $100 million.Jesse Feldman, general partner at Battery Ventures, told Security Systems News that Battery will use the PSBU as a platform for growth and it is interested in possibly acquiring access control capabilities and more analytics capabilities as well.“We have a signed deal. We're just waiting for regulatory approval;...

DELRAY BEACH, Fla.—Jim Henry of systems integrator Kratos PSS described "physical security information management"—PSIM—as a term that has confounded and bamboozled the security industry for 10 years.“It's a four-letter word that belongs with other four-letter words,” he said, laughing. However, a TechSec 2015 educational session shed light on the term's meaning and how integrators should approach PSIM sales, according to Henry, who called the discussion “the best...

LONDON—Technavio predicts growth in North America's perimeter security market to be about $5.7 billion by 2019, up from $4.1 billion in 2014, a 39 percent increase.Technavio defines perimeter security as an “intrusion prevention system, which consists of components like barrier and gate sensors, personal identification system control, [and] access communications,” Amrita Choudhury, Technavio senior industry analyst, told Security Systems News.Increasing government regulations that...

RA'ANANA, Israel—NICE Systems recently announced the launch of NICE Inform Version 6, which enables Public Safety Answering Points (PSAPs) to evaluate the quality of service delivered across an entire emergency incident, according to a company statement. The solution offers value to public safety organizations by supporting the evaluation of single calls as well as complete incidents, including the processing of multimedia input, such as GIS, video and CAD screen. This helps PSAPs and security...

CHELMSFORD, Mass.—Axis Communications, a provider of network video surveillance solutions, retained the top spot in IHS Research's annual rankings of the top video surveillance companies, according to a news release. Ranking just behind Axis in the same category were the Japanese electronics giant Panasonic and China-based Hikvision, according to the recently released report, titled “CCTV and Video Surveillance Equipment - World - 2013.” In addition, Axis for the first time claimed...

RA'ANANA, Israel—NICE Systems was ranked the global leader in providing PSIM software solutions, according to a report from IMS Research. The report, titled “Physical Security Information Management World Report,” counts NICE as the leading supplier of PSIM software based on 2011 revenues. This is the second consecutive IMS Research PSIM report that ranks NICE as the top worldwide vendor. “The PSIM market has high barriers to entry, since it is an area that demands the type...

RA'ANANA, Israel—NICE Systems, a provider of integrated digital recording and management solutions, has successfully implemented its IP radio recording solution for three Colorado public safety agencies, the company announced Dec. 12. NICE's recording solution was purchased by the Jefferson County Emergency Communications Authority to supplement the Harris P25 VIDA digital communication system already in place. The three public safety agencies that will use the solution are the Lakewood Police...

LAS VEGAS—What was new on Day 1 of ISC West 2011? As usual, there were a number of partnership announcements and a couple of acquisitions; new this year was lots of talk about physical security information management systems. PSIM announcements abounded on the show floor. IPVideo Corporation announced its first endeavor into the PSIM space with the release of C3 Fusion. Steve Sleicher, chief operating officer with IP Video said that the company, which has a video management software platform,...

LOS ANGELES—The idea of mobile security has been around for a while, but according to some security industry observers, the proliferation of smartphone use and technology may signal the real advent of the mobile security market. ESX chair George De Marco said he's been looking at a number of companies lately to determine where the developing space stands in terms of standards and protocols. “There are lots of folks that are in this space. When I talk to centrals about this, they're telling...