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CHICAGO — Monroe Capital LLC has arranged the financing of a $57.5 million senior credit facility to support Battery Ventures’ acquisition of Physical Security Business Unit (PSBU). Battery Ventures is a global technology investment firm.
PSBU was previously part of the security division of NICE Systems and is now being renamed Qognify.
Qognify helps organizations capture, analyze, and leverage big data to anticipate, manage, and mitigate security and safety risks, maintain business continuity, and streamline operations.
Monroe Capital LLC is a provider of senior and junior debt and equity co-investments to middle-market companies.