SecurityWorldMarket

06/10/2015

All change at Seetec after ONSSI acquisition

Bruchsal, Germany

Following its integration into the ONSSI Group, Seetec has changed its legal status from that of a stock corporation (AG) to a limited company (GmbH) with effect from September 3, 2015.

According to the company, this significantly simplifies the structures within the group and facilitates more efficient collaboration. Seetec GmbH is managed by two managing directors: Stephan Rasp (previously CEO of Seetec AG) and Andreas Beerbaum.

Stephan Rasp believes these changes mean Seetec is well positioned to meet the challenges of the global market: "The additional injection of funds from our long-standing financial partner enables us to take important steps more quickly and thus lay the foundations for further growth. In particular, it allows us, as the ONSSI Group's technology centre, to speed up the further development of our products by continuing to expand our software development team in order to keep providing our customers with pioneering, professional-quality solutions in the future.

On-Net Surveillance Systems, Inc. (ONSSI) acquired a majority stake in Seetec in April this year, thus creating a new global player in the field of video management software. It is the company's view that the result will provide synergies in technology and the ability to serve the needs of international customers and partners even better as the merger establishes a solid foundation for future growth. The pace of this positive development has now been quickened by the increased involvement of Seetec, which has made an additional 2 million Euros available. This allows further investments to be made, in particular in the area of technology, which will have a positive impact on the products and solutions of both Seetec and ONSSI and so pave the way for the group's success in the global market.


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