Announcement *** ******, **** ******* **** ******
*** *********** *** ********* the ******** ****** *********, at ** ** ** time, ** ********* *** time *** ** *********** announcement, **** **** ****** typically ******** *** ******* bad ****.
*******, ***** **** **** was *** *** ****. Instead, **** ** *** deal *** **** ****** (e.g., ** *** ******* heard ***** **) *** the ******* ******* ** issue * ***** ******* immediately ****** **** *** the **** *** *** informally.
Terms *** ********* / ********* ** ********
*** ********* *** *** disclose *** ***** (***** paid, *******, ***.). ***** did *** **** ******* was ** ************* ** 2018 ***** ************* **** previous ***** *** **** challenging *** ***** ********* *******. ** ******* *******'* revenue *** **** ** 2018, ********* ***** ** significant **** ** ********* in **** (******** ******* later ** **** ****).
** ******** *****'* ******* (including ******) ** ** in *** $** - $30 ******* *****, ****** estimation ** ********* *********** the *******'* ***** ******** from *** ********* ******* offset ** ******'* ******** from *** **** ***********.
*********, ********* ** *********, but ** ******* ** would ** ******, ** the ** ** *.** revenue *****, ***** *** challenges **** ***** *** faced *** *** ******** maturity ** *** *** software ******.
Battery ******** *******
*** **** *** ****** by *******'* *****,******* ********, * ******* ****** firm **** ********* $*.* ******* ***** management(*** *$*.** ******* *** ***** this ****).******* ******** ******* ** 2015*** ** ********** ** back *** *******.
More ************ ** ****, *********** *********
*** ******* ** *********** buying ** ******** ********* that ***** ********** ***** VMS ********* (*.*., ** believe ***** ** ***** be * ******** **********).
Growing "****** *** ******"
*******, ****** ** *******, intends *********** *********. ** Battery ******** *********:
*** *********** ** *** OnSSI ***** – * high-profile ***** ** *** security ****** ** *** own ***** – ** a ***** *********** ** its *******, *** **** importantly **** **** * marker ********* ***intent ** **** ****** *** ******.” [emphasis added]
Pitch ******** ** * *****
******* *** **** * VMSes -********************* ***** **** **********,************ **** **** *** existing ******* ****.
***** *** **** ******** from **** - ** particular ****** * ***** that *** ****** ** different ********* *** *** cases, ****** **** ** single *** *** *** every *** ****.
***** ******* ******* ** keep *** *** ***** with ******** *********** *****, the ******* **** ***** benefits **** ********* **/* support ****** *** ***** and ************* ** ******* interfaces ** ****** ************** across *** ******** **** developing ** ********* ********.
Challenges ** * *****
******** *********, ****** ** many ***** **** *********** problems ** *********** (****** time ******** *** **** feature **** *** **** again), ***** (********* ***** or ****** ********* ******* salespeople ***** **** *** does **** *** ***** to **** **), *** support (*********** *** **** VMS ***** *** **** specific *******). ***** ** do *** **** ****** about *** ** *******/*****'* VMSes, ** ****** ******* about ****. *******, ** is **** ** ******* any * ***** (*.*., pick *** * '****' VMSes) ***** *********** *** productively **** ** * single *******.
***** ***** *** ********** managing ******* ********** **** software *************(** **** ******* ***** Actian ** ** ****** asses **** **********).
Qognify's *** ********** - ********** *******
************* ***** ** *** Qognify's *** **** *********. In *** **** * years, *** ******* *** had *********** ********, **** notable *** ******** ** headcount, **** ******** ********** it ** **% ** the **** * *****:

***** ************ **** *** directionally ********, ****** **** given *** *******, ***** were ******** ** ******** leaner.
****** ****, ***** ***** joined, **** ** *** of *** ********* **** left *******, *********:
- **** *******, (********) *** [link ** ****** *********]
- *** *****, *** [**** no ****** *********]
- **** ******, ** ** Marketing [**** ** ****** available]
- ****** **********, ** ** Sales **** [**** ** longer *********]
- ******** *****, ** ** Strategic ******** [**** ** longer *********]
- **** ****, ** ** Strategic ************ [**** ** longer *********]
- ****** ********* ** ** Sales ****, ********* *** Africa [**** ** ****** available]
***** ******** **** **** was **** ** *** process ** ******** **** being **** ** * larger ******** ****** ******* to ******** * ********** software *********.
** **** ***** * lot ** ******** **** Qognify ********, ********* ****** with ***** (**** ********* given *** *** ***** turnover) ** **** ** on *** ******* ****, including *** **** ****** VisionHub ***.
Outlook - ***********
*** *** **** ********* are **** *** ******* has **** ******* ******* it *** * *** who ** ******* ********* the ********* ** ******* this *** ********.
*******, ** ***** **** is ***** ** ** hard. ***** *** ** many ***** ** **** and ** **** **** things *** ** *****. Qognify *** *** *** problems. ***** *** ******. Putting **** ******** ** likely ** ****** **** problems ****** **** ******* the *** ********** ****. Plus, **** ** * mature ****** ** ** is *** ** ** there ** **** ****** to **** ********* ******.
** **** ** ******* provides *** ******* *** funds ** ******* * turnaround *** * ******-**** approach, ******* *** * chance *** ** ******* / ******* ******* ******* on *****-**** ********* *******, this *** *** ********* to ****** **** * Frankenstein ** ***** ********* struggling ** ******* **** more ******* ********** ***********.
Vote / ****

Comments (22)
Undisclosed #1
Godspeed to them. Will be surprised if this stabilizes out to something viable.
Create New Topic
Undisclosed #2
anyone who can be convinced that selling/supporting 5 different VMS's is a good thing - is an idiot.
sorry to be blunt, but come ON... seriously?
I expect that in the next short period of time, that Qognify will standardize on 2 - maybe 3 for one off applications.
Supporting 5 separate and unique VMS's is a sales and support nightmare that only a masochist would take on... and try and convince others is a good thing.
Create New Topic
Undisclosed #2
posted in the other Qognify/OnSSI post - reproduced here:
Qognify - formed in 2015 and HQ'ed in Paramus, NJ - moved it's HQ to the same building as OnSSI's long-time HQ in Pearl River, NY in January 2017. (1 Blue Hill Plaza, Pearl River, NY - look it up)
OnSSI - 7th floor
Qognify - 10th floor
I'm curious how they chose to move their HQ to the very same building as the company they are acquiring, less than 2 years later.
Especially since OnSSI has long called themselves a 'PSIM-like' VMS... just like Qognify's Situator (VMS/PSIM application).
Coincidence?
Create New Topic
Brian Anderson, CPP®
No future in ONSSi unfortunately. Never heard of Qognify.
Create New Topic
Undisclosed #3
Honest to God conversation today
Wife: I saw you got an email from ONSSI saying Qognify and ONSSI are merging, but it doesn’t look like you read it. Have you heard already?
Me: No, I hadn’t. But that’s kinda strange, Qognify is acquiring ONSSI, hmmm.
Wife: I didn’t say that, it says they’re merging.
Me: Real mergers are rare. The e-mail is from ONSSI; everyone spins, so therefore ONSSI is being acquired.
Wife: Show me on IPVM then.
Me: Sorry, looks like John didn’t make it public...
Wife: SMAAAACK!
Create New Topic
Undisclosed #3
Perhaps they mistakenly leaked it?
via google cache, but now the cache says 404.
Create New Topic
Undisclosed Integrator #7
This doesn't look look good ...Since the breakup, OnSSi has been shaky ... Their ship seems to be sinking fast ..
will not be as mean :) .. : Anyone who thinks that having 5 VMS in this market is an advantage, is well ... not Sincere.
Create New Topic
Undisclosed Integrator #8
What do you think will happen? Will they continue to develop the ONSSI VMS?
Create New Topic
Undisclosed #9
HOLD THOSE PO's DO NOT RENEW YOUR SSA.
Create New Topic