On-Net Surveillance Systems, Inc. Announces Acquisition of SeeTec AG

OnSSI Continues Aggressive Expansion into European Markets

Pearl River, NY – Video Management Software company On-Net Surveillance Systems, Inc. (OnSSI) today announced that it has signed a definitive agreement to acquire SeeTec AG, a privately held German-based company providing VMS solutions to European markets. As one of the first providers of network-based video management applications, SeeTec provides customers with targeted solutions aligned with customer requirements and industry-specific processes. The agreement combines the strengths of OnSSI and SeeTec by leveraging OnSSI's industry-leading Ocularis VMS platform with SeeTec's advanced logistics suite of products, delivering an unparalleled solution for end users and channel partners alike.

"This acquisition is important for our growth, diversification and global presence strategies", said Gadi Piran, OnSSI's President and CTO. "SeeTec is highly regarded in European markets for its software development, client services and outstanding customer relationships. They will continue to provide these services locally, while working together with OnSSI to expand globally. I could not ask for a better partner than SeeTec to grow and deliver increased value to OnSSI customers".

The combination of OnSSI's leading position in many vertical markets and SeeTec's focus on video-based business and logistics add-on modules will create strong VMS solutions across multiple vertical markets.

"Joining forces with OnSSI gives SeeTec customers a strong long-term and global perspective. SeeTec technology will continue to be a driving force in the industry with additional opportunities and resources", says Stephan Rasp, CEO of SeeTec AG. "We look forward to bringing both companies together in this effort."

For more information on OnSSI, call 845-732-7900, e-mail info@onssi.com or visit www.onssi.com.

About OnSSI

OnSSI offers breakthrough VMS technology that's field proven at tens of thousands of installations globally. The Company's flagship Ocularis IP security and surveillance platform delivers open architecture, scalability and process automation at reduced operating costs. And with the addition of Ocularis Web and Mobile, utilizing OnSSI's High Definition Interactive Streaming (HDIS), OnSSI delivers the fastest and highest resolution mobile and web access video delivery solution available.

About SeeTec AG

Founded in 2000 and a pioneer in IP video security , SeeTec AG is one of the leading vendors of VMS software in Europe. SeeTec is headquartered in Bruchsal, Germany, with support offices in France, United Kingdom, Austria, Switzerland, Sweden and Turkey. Their current product offering of Cayuga, S50, S100 and Infinity provide flexible architecture for systems of any size along with extension modules and interfaces to many technology partners.


Sara Chaput/LRG Marketing

phone: 845-358-1801

e-mail: sara.chaput@lrgmarketing.com

website: www.lrgmarketing.com

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