Avigilon acquires strategic intellectual property and continues to build upon its industry-leading video analytics patent portfolio
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Avigilon has completed the acquisition of 96 US and international patents and 25 US and international patent applications from four unrelated vendors for aggregate cash consideration of US$13,375,000;
with each of the following entities: Behavioral Recognition Systems, FaceDouble Incorporated, and VideoMining Corporation.
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Avigilon Corporation (“Avigilon”), a leading global provider of end-to-end security solutions, announced that it has completed the acquisition of 96 US and international patents and 25 US and international patent applications (the “Patents”) from four unrelated vendors for aggregate cash consideration of US$13,375,000.
Avigilon acquired the patents in separate transactions with each of the following entities: Behavioral Recognition Systems, FaceDouble Incorporated, and VideoMining Corporation. The Patents relate to various video analytics capabilities, including emotional and attentional response measurement, in-store object tracking and behavioural analysis, object tracking and anomaly detection, video segmentation and metadata generation, user interfaces, and image classification and retrieval over wireless networks. Other notable fields covered by the Patents include network camera system-on-a-chip and remote security camera programming.
With the acquisition of the Patents, and following Avigilon's recent acquisition of ObjectVideo's entire patent portfolio and patent licensing program, Avigilon holds 213 US and international patents and 215 US and international patent applications.
“The future of the video surveillance industry is in video analytics and the Patents cover sophisticated technologies in this area,” said Alexander Fernandes, Avigilon's founder, president, CEO and chairman of the board. “These strategic purchases open up great opportunities for our business, give us freedom to operate, and expand the scope of our new patent licensing program. It is yet another proof point that Avigilon is leading the way into the future of the video surveillance industry.”