Driving Innovation: Milestone Systems and Arcules Merge to Revolutionize Video Technology Solutions
Milestone Systems and Arcules are teaming up to combine their expertise in video management software, analytics, and cloud-based solutions.
Milestone Systems, a worldwide video technology company, is excited to announce that as of July 1st, 2024, we will be merging with Arcules, a provider of cloud-based video surveillance solutions.
The merger combines the strengths of Milestone and Arcules in video management software, video analytics, and Video Surveillance as a Service (VSaaS), offering a comprehensive video technology solution.
Envisioning the Future
Experts forecast a significant increase in the VSaaS market in the upcoming years, alongside advancements in Artificial Intelligence opening up new opportunities. With the integration of Arcules into Milestone's offerings, the company is well positioned to become a leader in the video technology software sector.
This merger is a significant change that combines strong video management with the flexibility and scalability of cloud technology, along with the potential to utilize artificial intelligence. Joining together is a courageous move towards leading innovations in the quickly expanding VSaaS market.
As AI technology advances, the merger between these companies has the potential to analyze video data and aid in decision-making. By combining their expertise in video analytics and adapting to the evolving AI landscape, the companies can gain a competitive edge in the market.
Arcules is a company located in Irvine, California, U.S., that was created as a separate entity from Milestone in 2017. The choice to bring the companies back together was made because they both believe in providing customers with advanced video technology that is powered by data, allowing them to improve decision-making and streamline their operations.
Thomas Jensen, who is the CEO of Milestone Systems, mentioned that Milestone and Arcules have a close partnership and share similar values. By combining their efforts, they can offer a high-quality solution that caters to a variety of requirements and offers clients more options. Together, they aim to lead the way in advancing open platform video technology.
The CEO of Arcules, Andreas Pettersson, expressed enthusiasm about reuniting with Milestone, a well-respected global leader in the industry. He believes that joining forces will help both companies grow and innovate, ultimately providing more value to their customers and partners. Their shared goal is to empower individuals, businesses, and communities through advanced video solutions.
The merger is planned to be completed by the conclusion of 2024.
To find out more, please visit the websites www.milestonesys.com and www.arcules.com.
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