Avigilon Buys Video IQ

Avigilon Corporation in Vancouver Canada recently completed the previously announced acquisition of VideoIQ, Inc. However, the transaction was nothing to sneeze at. Avigilon, a leader in high-definition (HD) surveillance solutions had to fork out a whopping $32 million for this incredible new acquisition.

It is definitely a much welcomed feather in their cap as VideoIQ’s real-time intelligent video analytics solution complements Avigilon’s innovative line of video surveillance products. To put you into perspective about the magnitude of VideoIQ – last year they churned out an annual revenue of $11 million.

In addition, VideoIQ provides Avigilon with commercially proven analytics technology. They are actually one of the leading analytics development teams in the industry, laying claim to a deep portfolio of video analytics intellectual property including 40 issued and pending patents internationally.

VideoIQ’s existing products will be introduced into Avigilon’s established global distribution channels in the near future, to integrate VideoIQ’s technology into the Avigilon system. “VideoIQ is a great strategic fit and we welcome their talented team to Avigilon,” said Alexander Fernandes, president and CEO of Avigilon. “We look forward to working together on innovative solutions that set the standard for intelligent video surveillance.”