Canon Axis acquisition - Security beat

A wrinkle emerges in Canon’s acquisition of Axis Communications

Anyone thinking the Canon acquisition of Axis is a done deal should reconsider. Not so fast. A wrinkle has emerged as the Japanese imaging giant has been buying up shares of Axis in anticipation of acquiring the Swedish camera manufacturer. The wrinkle comes in the form of a hedge fund company called Elliott Management, which has reportedly bought 10.91 percent of Axis stock. Incomplete sale The number is significant because Canon needs to acquire 90 percent of Axis stock in order to force th...

Post Canon acquisition, Axis still committed to open security systems

In the wake of Canon’s acquisition of Axis Communications, the company faces a communication challenge in the market – to reiterate the camera manufacturer’s commitment to open systems- acknowledges Fredrik Nilsson, General Manager, North America of the Swedish IP camera vendor.    “We say nothing will change, and we will show it in our action as well as say it,” he comments. “There have been companies that have claimed openness, but then don&rsquo...

Canon & Axis Communications: Pre acquisition history of collaboration

A more than 20-year shared history between Canon and Axis Communications has been an underreported aspect of the recent announcement by the world’s largest camera company of plans to acquire the Swedish IP video camera company. The fact is, Canon and Axis have worked together for years, dating back to the time when Axis was focused on making printer servers (rather than IP cameras). In those days, Axis often worked with Canon to supply printer servers, which were bundled with Canon printe...

Canon left clues on Axis acquisition bid

Surprise – shock, even – was the initial reaction of most in the industry to the announcement earlier this week of Canon’s intent to acquire Axis. Maybe it was the (apparent) suddenness of the move, or its scale ($2.8 billion!) that caught us off guard. Maybe it’s the continuing ripples the move is likely to cause through the industry that has us still talking about it. It’s clearly the biggest story in our market in years. But after you think about it a couple of...

Canon's shocking acquisition of Axis: is security industry turning tide?

Have we entered the age of the security company "open marriage?" I used that phrase just a few days ago in relation to the Panasonic-Video Insight acquisition. Now the phrase springs immediately back to mind related to the truly shocking news today about Canon buying Axis, which last year bought video management system supplier Milestone.Is it possible for a video management company and a camera company to be owned by the same company and yet remain "open?"That was the premise when Canon bought...

Axis set to unveil new products as IoT market beckons

Is Axis Communications getting ready to expand its business beyond IP video cameras and even access control? A recent comment by Axis founder Martin Gren appears to suggest as much. In a Q&A sponsored by Memoori Research, Gren was asked about “adjacent markets that will merge with IP video” as they relate to the Internet of Things (IoT). Here is his answer: “If you’re talking about IoT, you’re talking about all types of intelligent sensors. Our DNA (at Axis) is...