Milestone Systems and Arcules join forces

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August 2024 News & Events, Surveillance

Global video technology company Milestone Systems has announced that, effective 1 July 2024, it 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.

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. By adding Arcules to Milestone’s product line, the company is optimally positioned to lead the video technology software industry.

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-premises to cloud, and both Milestone and Arcules are advanced in working with video analytics.

Based in Irvine, California, U.S., Arcules was spun from Milestone in 2017. The decision to reunite the companies is driven by a shared vision to deliver intelligent, data-driven video technology that empowers customers to make better decisions and optimise their operations.

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: “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.

Credit(s)

Tel:	+27 10 500 8793
Email:	gep@milestonesys.com
www:	www.milestonesys.com
Articles:	More information and articles about Milestone Systems

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Milestone Systems and Arcules join forces

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