Arcules, a cloud-based video surveillance solutions provider, and Milestone Systems, a video technology company, have announced their merger. This combination will bring together the companies’ expertise in video management software, video analytics, and video surveillance as a service (VSaaS), creating a comprehensive offering in the VSaaS market. The CEOs of both companies believe that this partnership will provide customers with a world-class solution that meets their needs and offers greater freedom of choice.
By merging video management with the flexibility and scalability of the cloud, as well as utilizing artificial intelligence (AI) technology, the companies aim to drive advancements in the VSaaS market. AI allows for insights to be extracted from video data, enhancing decision-making capabilities. Together, they are committed to empowering people, businesses, and societies through intelligent video solutions.
Thomas Jensen, CEO of Milestone Systems, highlighted the strong partnership and common goals between the two companies. He stated that by joining forces they can provide a unified solution to customers. Andreas Pettersson, CEO of Arcules, emphasized that the merger will accelerate growth and innovation, benefiting customers and partners alike.
The merger is set to be finalized by the end of 2024.
