Canon to acquire Briefcam

BRIEFCAM will be acquired by Canon Inc. in move which cements Canon’s status as one of the strongest network video solutions providers, following its acquisitions of Axis Communications and Milestone Systems.

Briefcam says the acquisition will drive further, rapid innovation in video analytics as well as new co-innovation activities with Canon and its market leading portfolio companies. In addition, it will enable BriefCam to enter new markets, deliver stronger vertical solutions, and serve its global customers even more effectively. BriefCam will continue to remain an open platform, working seamlessly with other third-party products in the market ecosystem, providing customers with freedom of choice.

“We are thrilled to be joining forces with a global leader in digital imaging. The acquisition will allow BriefCam to continue to deliver industry leading video content analytics solutions, while remaining a standalone company within the Canon Group,” said Trevor Matz, BriefCam president and CEO.

“The opportunity is a testament to the innovative technology we have built, the outstanding team we have assembled, and the rapidly growing business we have created.”

“With BriefCam, we can deliver an even broader range of leading-edge technology and solutions in the fields of network cameras, video management software and video content analysis software to customers and partners across the globe,” said Masanori Yamada, Canon Inc. managing executive officer and group executive, Network Visual Solution Business Promotion Headquarters.

We are very excited to work with such an innovative organization and we welcome BriefCam into the Canon Group.”