International. Milestone Systems announced that, as of July 1, 2024, it is merged with Arcules, a provider of cloud-based video surveillance solutions.
According to the companies, this merger brings together Milestone and Arcules' best-in-class capabilities in video management software (VMS), video analytics and video surveillance as a service (VSaaS), providing a complete video technology offering.
Future projections
The VSaaS market is projected to experience exponential growth in the coming years. At the same time, artificial intelligence is creating new possibilities that weren't possible recently. By adding Arcules to Milestone's product line, the company is optimally positioned to lead the video technology software industry.
This merger represents a transformative leap, combining robust video management with the agility and scalability of the cloud and the promise of leveraging AI. The
Strategic joining of forces is a bold step towards advancing the rapidly growing VSaaS market.
With the rise of AI, organizations now have the potential to gain insights from video data and support decision intelligence. The
fusion offers an unmatched ability to take advantage of the rapidly evolving AI landscape, both on-premises and in the cloud. Both Milestone
like Arcules are advancing in the work with video analysis. The combination of these strengths will provide significant advantages in the market.
Headquartered in Irvine, California, Arcules parted ways with Milestone in 2017. The decision to bring companies together is driven by a shared vision of delivering technology
intelligent, data-driven video that empowers customers to make better decisions and optimize their operations.
Common DNA
Thomas Jensen, CEO of Milestone Systems, said: "Milestone and Arcules have a strong existing partnership and common DNA. By coming together and working as one, we can
To offer a world-class proposition that meets many different needs and gives customers greater freedom of choice. As a single company,
We will shape the future of open-platform video technology."
Andreas Pettersson, CEO of Arcules, said: "We are excited to meet with Milestone, a global leader and trusted partner. This merger will accelerate
our growth and innovation, providing greater value to our customers and partners. Together, we are committed to realizing our vision of empowering people to
people, companies and societies through intelligent video solutions".
The merger is expected to be completed by the end of the year.
