US Edition
Security camera lens, CCTV Camera, Digital Recorder, Telemetric Transmitter and Controller, Intruder Alarm Control Panel, Access Control Reader, Dome Camera
Home  |  Settings  |  Marketing Options  |  eNewsletters  |  About Us  |  FAQs    Join on LinkedIn

Network / IP - News

Avigilon signs definitive agreement to acquire video analytics company VideoIQ

Published on 3 January, 2014
Avigilon to acquire leading analytics platform in emerging segment of surveillance industry
The acquisition allows Avigilon to
expand its end-to-end definition
surveillance solutions

Avigilon Corporation, a leader in high-definition (HD) surveillance solutions, today announced it has signed a definitive agreement to acquire the video analytics company VideoIQ, Inc. for cash consideration of $32 million. The transaction is expected to close in early January 2014.

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 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.”

VideoIQ has approximately 30 employees and a diversified, blue-chip customer base in multiple industries.

"VideoIQ’s analytics solution
complements Avigilon’s
innovative line of products"

“We believe there is an opportunity to increase the sales of both VideoIQ and Avigilon surveillance systems in the near term by bringing VideoIQ’s existing products into our established global distribution channels,” Mr. Fernandes added. “Over time, as we integrate VideoIQ’s technology into the Avigilon system, we will expand our end-to-end high-definition surveillance solutions to include robust analytics capabilities, giving end users the ability to prevent crime proactively and more effectively analyse large amounts of data.”

GMP Securities LP acted as the exclusive financial advisor to Avigilon on the transaction, and Raymond James & Associates, Inc. acted as the exclusive financial advisor to VideoIQ on the transaction.

Bookmark and Share
Latest in
Network / IP Security Events

See privacy and cookie policy
Browsing from the Americas? Looking for US Edition?
View this content on US Edition, our dedicated portal for our Americas audience.
Do not show me this again
International EditionUS Edition