Avigilon adds VideoIQ analysis technology to its IP security offering

The manufacturer of HD video surveillance solutions, Avigilon Corporation, has signed an agreement to acquire the video analysis solutions business of the firm VideoIQ for 32 million dollars.

Founded in 2006, VideoIQ, based in Billerica (Middlesex, Massachusetts) has focused its activity on the development of real-time video analysis solutions for business intelligence and security. Con 23 patents granted and another twenty pending acceptance, its technology includes live detection, event verification and instant notification with self-learning capabilities.

Avigilon has signed a contract to acquire 32 million dollars the video analysis solutions business of the North American company VideoIQ by 32 million dollars.

VideoIQ's real-time intelligent video analytics offering complements Avigilon's video surveillance product line, What do you plan to introduce?, short term, VideoIQ products in its global distribution channels and, later, integrate this technology into your solutions.

“We believe that it is an opportunity to increase the sales of both companies in the short term, so we will introduce VideoIQ brand products into our distribution channels., y, over time, This technology will be integrated into the Avigilon system. In this way, We will expand our offering of end-to-end HD video surveillance solutions to include robust analytics capabilities. So, our users will be able to prevent crime proactively and analyze large amounts of data more effectively”, explains Alexander Fernández, president and CEO of Avigilon.