The acquisition will give us sophisticated, commercially proven analytics technology supported by one of the leading analytics development teams in the industry.
(PRWEB UK) 6 January 2014
According to an article published in Vancouver Sun called 'Vancouver's Avigilon announces $32-million purchase of VideoIQ' on the 31st of December 2013, Avigilon has acquired VideoIQ in a $32-million bid. Founded in 2006, VideoIQ has grown to become a leader in real-time intelligent video analytics solutions for security and business intelligence applications. VideoIQ has a developed portfolio of video analytics intellectual property, with 23 patents granted or pending, trade secrets and know-how. Headquartered in Billerica, MA, its highly skilled and experienced workforce will extend Avigilon’s growing team. VideoIQ’s proprietary technology includes live detection, event verification and instant notification, and self-learning capabilities.
“VideoIQ’s analytics solution complements Avigilon’s innovative line of products,” said Alexander Fernandes, president and CEO of commercial security systems specialists, Avigilon. “The acquisition will give us sophisticated, commercially proven analytics technology supported by one of the leading analytics development teams in the industry. VideoIQ is transforming the future of intelligent surveillance and I am pleased to welcome the team to Avigilon.”
A spokesperson form AlertSystems responded to the announcement, “we believe this announcement is really excellent news as it brings together two of the security industry’s most innovative companies. We have long and established relationships with both organisations and look forward to the resulting joint product developments.”
AlertSystems manage and maintain over 5000 security installations throughout the UK and are an Avigilon Gold partner. Offering professional service and a complete range of security services such as monitored alarm systems, Automatic Number Plate Recognition and Avigilon CCTV security systems. AlertSystems offers effective and reliable solutions to security problems.