Monroe Capital LLC said Feb. 26 that it increased its loan to Qognify, a Battery Ventures’ portfolio company, to support its buy of On-Net Surveillance Systems Inc and the OnSSI company, SeeTec GmbH.
Chicago, IL, February 26, 2019 – Monroe Capital LLC today announced an increase in its credit facility to Qognify to support the acquisition of On-Net Surveillance Systems, Inc. (“OnSSI”) and the OnSSI Company, SeeTec GmbH.Qognify is an existing portfolio company of Battery Ventures.
Based in Pearl River, New York, 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. SeeTec GmbH is a pioneer of IP video technology and today a leading provider of VMS software in Europe. In bringing these technology solution portfolios together under one roof, including Qognify, NiceVision, VisionHub and FAST, OnSSI Ocularis and SeeTec Cayuga, Qognify becomes one of the largest VMS, Video Analytics, PSIM and critical incident management companies in the world.
About Monroe Capital
Monroe Capital LLC (“Monroe”) is a private credit asset management firm specializing in direct lending and opportunistic private credit investing. Since 2004, the firm has provided private credit solutions to borrowers in the U.S. and Canada. Monroe’s middle market lending platform provides debt financing to businesses, special situation borrowers, and private equity sponsors. Investment types include cash flow, enterprise value and asset-based loans; unitranche financings; and equity co-investments. Monroe is committed to being a value-added and user-friendly partner to business owners, senior management, and private equity and independent sponsors. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Dallas, Los Angeles, New York, and San Francisco.
Monroe has been recognized by Creditflux as the 2018 Best US Direct Lending Fund, Private Debt Investor as the 2017 Lower Mid-Market Lender of the Year; Global M&A Network as the 2017 Small Middle Markets Lender of the Year; M&A Advisor as the 2016 Lender Firm of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. For more information, please visit www.monroecap.com.