Milestone Systems has announced that, effective immediately, they will merge with Arcules, a cloud-based video surveillance solutions provider.

The merger combines Milestone and Arcules’ capabilities within video management software (VMS), video analytics and Video Surveillance as a Service (VSaaS), providing a complete video technology offering.

A Vision for the Future

The VSaaS market is predicted to experience exponential growth within the following years, and Artificial Intelligence (AI) is creating new possibilities that were not possible just a year ago.

This merger represents a transformative leap for both companies, combining video management with the agility and scalability of the cloud and the promise of leveraging AI.

With the rise of AI, joint companies have the potential to derive insights from video data and support decision intelligence. The merger offers an ability to exploit the rapidly changing AI landscape from on-premise to cloud and both Milestone and Arcules are advanced in working with video analytics. The combination of these strengths will provide significant market advantages.

Common DNA

Thomas Jensen, CEO of Milestone Systems, said: “Milestone and Arcules have a strong existing partnership and a common DNA. By uniting and working as one, we can provide a world-class offering that suits many different needs and gives customers greater freedom of choice. As one company, we will shape the future of open platform video technology.”

Andreas Pettersson, CEO of Arcules, said: “We are excited to rejoin Milestone, a global leader and trusted partner. This merger will accelerate our growth and innovation, delivering greater value to our customers and partners. Together, we are committed to realising our vision of empowering people, businesses, and societies through intelligent video solutions.”

The merger is scheduled to be finalised by the end of 2024.

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