Milestone Systems and Arcules Merge to Strengthen Video Technology Solutions in the VSaaS Market

Milestone Systems, a leading global video technology company, has recently announced its merger with Arcules, a cloud-based video surveillance solutions provider. The aim of this merger is to leverage the strengths of both companies in video management software, analytics, and cloud-based solutions. The decision for the merger to take effect from July 1, 2024, reflects the capabilities of both companies within video management software (VMS), video analytics, and video surveillance-as-a-service (VSaaS).

The VSaaS market is expected to experience significant growth in the coming years. Milestone believes that AI technology is opening up new possibilities that were previously unimaginable. By integrating Arcules into its product line, the company aims to position itself optimally in the video technology software industry. Thomas Jensen, CEO of Milestone Systems, emphasized that Milestone and Arcules have a strong existing partnership and share a common DNA. By joining forces, they will provide a comprehensive offering that caters to diverse needs and grants customers greater freedom of choice.

Through this merger, Milestone and Arcules plan to merge video management with the agility and scalability of the cloud while leveraging artificial intelligence (AI) technologies. This move represents a bold step towards progress in the VSaaS market, enabling the companies to extract insights from video data and support decision-making with AI. Both companies have expertise in working with video analytics and are prepared to navigate the evolving AI landscape from on-premise to cloud setups.

Arcules was initially spun out from Milestone in 2017 but reunited with its former parent company due to shared vision for delivering intelligent data-driven video technology that empowers customers in their decision-making processes and operational optimization. Andreas Pettersson, CEO of Arcules expressed his enthusiasm about rejoining Milestone as he believes this merger will accelerate growth and innovation ultimately delivering greater value to customers and partners.

In conclusion, this merger reflects both companies’ commitment towards delivering cutting edge solutions in the VMS market while providing customers with more flexibility in their choices. It’s an exciting development for both companies as they look forward to further expansion into the VSaaS market while leveraging AI technologies for better decision making processes.