The merger between video technology company Milestone Systems and cloud-based video surveillance solutions provider Arcules aims to combine their respective strengths in video management software, video analytics, and video surveillance as a service. This merger will provide customers with a comprehensive video technology offering that leverages the agility and scalability of the cloud, as well as the capabilities of artificial intelligence to drive advancements in the VSaaS market.
The growth of the VSaaS market is predicted to continue in the coming years, with AI playing a significant role in unlocking new possibilities. AI enables the extraction of valuable insights from video data, enhancing decision intelligence for users. By uniting Milestone Systems and Arcules, both companies are aiming to capitalize on these trends and provide customers with greater freedom of choice when it comes to video technology solutions.
Both Thomas Jensen, CEO of Milestone Systems, and Andreas Pettersson, CEO of Arcules, have expressed excitement about the merger and the opportunities it presents for growth and innovation. By working together, they believe they can deliver world-class video solutions that empower people, businesses, and societies through intelligent video technology.
The merger between Milestone Systems and Arcules is expected to be finalized by the end of 2024, signaling a new chapter in the companies’ journey towards delivering cutting-edge video technology solutions to their customers.