Arcules, a cloud-based video surveillance solutions provider, and Milestone Systems, a video technology company, have announced their merger. This partnership will combine the companies’ expertise in video management software, video analytics, and video surveillance as a service, creating a comprehensive offering in the VSaaS market.
By merging video management with the flexibility and scalability of the cloud, as well as utilizing AI technology, the companies aim to drive advancements in the VSaaS market. AI allows for insights to be extracted from video data, enhancing decision-making capabilities. The CEOs of both Milestone Systems and Arcules believe that this merger will provide customers with a world-class offering that meets a variety of needs and offers greater freedom of choice.
Thomas Jensen, CEO of Milestone Systems, highlighted the strong partnership and common goals between the two companies, stating that by joining forces they can provide a unified solution to customers. Andreas Pettersson, CEO of Arcules, emphasized that the merger will accelerate growth and innovation, benefiting customers and partners alike. Together