Citilog News

Axis interim report: New product releases and acquisition of video analytics company Citilog dominates first quarter of 2016

Citilog acquisition strengthens Axis’ offering in transportation segment and its opportunities in the growing market for traffic analytics The first quarter Net sales increased during the first quarter by 16 percent to SEK 1,567 M (1,354). Net sales increased by 13 percent in local currencies. Operating profit increased to SEK 153 M (145), which corresponds to an operating margin of 9.8 percent (10.7). Profit after tax amounted to SEK 114 M (104). Earnings per shar...

Axis acquires traffic & transportation video analytics provider Citilog

Citilog specialises in analytics tools & sensors for incident detection, traffic data collection & intersection control Axis Communications, the global leader in network video, announced the acquisition of Citilog, a provider of intelligent real-time video monitoring for traffic and transportation security and safety. The addition of their advanced surveillance technology and experienced personnel strengthens Axis’ best-of-breed solution and further expands its o...