by Brianna Crandall — February 5, 2014—Avigilon Corporation, Vancouver-based provider of high-definition (HD) surveillance solutions, recently announced it has completed the previously announced acquisition of VideoIQ. Avigilon plans to introduce VideoIQ’s existing products into its established global distribution channels in the near term and, over time, to integrate VideoIQ’s technology into the Avigilon system.
VideoIQ’s real-time intelligent video analytics solutions complement Avigilon’s innovative line of video surveillance products and provide the company with a commercially proven analytics technology, one of the leading analytics development teams in the industry, and a deep portfolio of video analytics intellectual property including 40 issued and pending patents internationally.
“VideoIQ is a great strategic fit, and we welcome their talented team to Avigilon,” said Alexander Fernandes, president and CEO of Avigilon. “We look forward to working together on innovative solutions that set the standard for intelligent video surveillance.”
Headquartered in Billerica, Massachusetts, VideoIQ is an innovator in the application of intelligent video analytics to video surveillance, creating real-time video analytics systems that “learn” in order to help companies actually prevent crimes from happening rather than just record evidence. VideoIQ’s patented technologies enable cameras to focus on the 0.1% of video events that a security or FM professional needs to know about. The company has approximately 30 employees.
Founded in 2004, Vancouver-based Avigilon designs and manufactures high-definition (HD) surveillance solutions that deliver “the best evidence.” The company’s open HD network video management software and megapixel cameras enable users to customize a powerful, scalable and cost-effective surveillance solution. With the company’s high-quality, reliable hardware and software, Avigilon systems protect and monitor various locations worldwide, including major corporations, government institutions, stadiums, retail environments, casinos, critical infrastructure, transportation stations and more.
