CANON has launched a new business called ARCUS Global, which is built on the intellectual property, technology and expertise of Canon Group company Milestone Systems.

The ARCUS business model is to provide video cloud IoT as a service for security and business optimization for large enterprises.

“We are excited to launch our new company … and to introduce Video Cloud IoT as a Service not currently offered to the global enterprise market,” Lars Nordenlund Friis, CEO of ARCUS said. “We have a clear competitive advantage by drawing on the strengths of Milestone Systems and partnering with global leaders in public cloud infrastructure and IT technology.”

“We are proud to deliver the technology and know-how that ARCUS Global Inc. will use as their foundation,” Lars Thinggaard, president & CEO, Milestone Systems, said in the announcement. “The spin-off allows us to continue to grow Milestone’s leadership position within on premise and private cloud video management solutions, where we continue to increase our investments.”

“We have identified Network Visual Solutions (NVS) as a key pillar of Canon’s future growth and have already made important steps in this space including the acquisitions of Milestone Systems and Axis Communications,” Rokus van Iperen, president & CEO, Canon Europe, Middle East & Africa, said in the announcement. “Our investment in ARCUS Global Inc. is the latest demonstration of our commitment and strategy to strengthen our position in this rapidly developing market.” ♦