ObjectVideo patent licensing program acquired by Avigilon

ObjectVideo patent licensing program acquired by Avigilon
ObjectVideo, a technology and solutions company, and Avigilon Corporation, a provider of end-to-end security solutions, announced the sale of ObjectVideo's intellectual property and patent licensing program to Avigilon for a cash consideration of $80.3 million.

"From its founding, ObjectVideo has aimed to lead innovation in the world of video analytics, so it is very rewarding to see Avigilon, a global market leader in security, recognize our significant contributions to the field," said Raul Fernandez, Chairman and CEO of ObjectVideo. "This transaction marries a deep and highly valuable patent portfolio to the fastest growing solutions provider in the video security industry. The union creates a unique and incredibly well positioned company."

ObjectVideo will continue to leverage its deep bench of technical talent to deliver next generation computer vision technology to commercial and government clients and invest in its sixth generation software product.


Product Adopted:
Software
Share to:
Comments ( 0 )

asmag.com provides weekly and monthly e-Newsletters which include the latest security industry news, vertical solution case studies and product information.



Please key in code
Which Security 50 company will you place your bet on that grew the most this year?
Hikvision Digital Technology
Dahua Technology
Axis Communications
Avigilon