JTA NEWS
19 December 2018 - 11 Tevet 5779 - י"א טבת ה' אלפים תשע"ט
JTA NEWS :
Canon acquires Israel-based Briefcam E-mail

Israel-based BriefCam, a provider of video content and analytical solutions, reported on 9 May its acquisition by Japan’s Canon Inc., a world leader in digital imaging solutions. No official purchase price or deal amount was mentioned in its press statement.

The addition of BriefCam to Canon’s market-leading Network Video Solutions products portfolio complements the Canon Group’s previous acquisitions of AXIS Communications and Milestone Systems with a breakthrough, innovative, video content analytics solution.

The acquisition will drive further rapid innovation in video analytics by BriefCam as well as new co-innovation activities with Canon and its 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 thirdparty products in the market ecosystem, providing customers with freedom of choice.

“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.”

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