Monroe Capital acted as sole lead arranger and administrative agent on the funding of a $57.5 million senior credit facility to support Battery Ventures’ acquisition of Physical Security Business Unit (PSBU), previously part of the security division of publicly listed NICE Systems.

PSBU, renamed Qognify, will build on its leadership in the physical-security and mission-critical operations markets to further help clients capture, analyze and leverage big data to anticipate, manage and mitigate security and safety risks, as well as to maintain business continuity and optimize operations. The company’s customers include banks, utility companies, airports, seaports, city centers and transportation systems, as well as venues hosting sporting events and major tourist attractions.