Milestone Systems announces merger deal with US-based Arcules

Posted to News on Tuesday, July 2, 2024 Share:

GLOBAL VIDEO technology company Milestone Systems has announced the company’s merger with cloud-based video surveillance solutions provider Arcules. Effective from 1 July, the merger brings together Milestone Systems and Arcules’ Best-in-Class capabilities within video management software, video analytics and Video Surveillance-as-a-Service (VSaaS), in turn realising a complete video technology offer for end users.

The VSaaS market is predicted to experience exponential growth within the next few years. At the same time, Artificial Intelligence (AI) is creating new possibilities. By adding Arcules to Milestone’s product line, the company is optimally positioned to lead the video technology software industry.

According to Milestone Systems, this merger represents “a transformative leap”, combining robust video management with the agility and scalability of the cloud and also the promise of leveraging AI. The company notes: “Combining forces is a bold step towards pioneering advancements in the rapidly growing VSaaS market.”

Given the rise of AI, the two companies have the potential to derive insights from video data that can support business intelligence. The merger offers an “unparallelled ability” to exploit the rapidly changing AI landscape from on-premise to cloud. Both Milestone Systems and Arcules are advanced in working with video analytics. It’s envisaged that the combination of these strengths will provide significant market advantages.

Shared vision

Based in Irvine, California, Arcules was spun out from Milestone Systems back in 2017. The decision to reunite the companies is underpinned by a shared vision to deliver intelligent and data-driven video technology that empowers customers to make better decisions and optimise their operations.

Thomas Jensen, CEO of Milestone Systems (pictured, above left), explained: “Milestone and Arcules have a strong existing partnership and a common DNA. By uniting and working as one, we can provide a world-class offer that suits many different needs and affords customers greater freedom of choice. As one company, we will shape the future of open platform video technology.”

Andreas Pettersson, CEO of Arcules (pictured, above right), responded: “We are excited to rejoin Milestone, which is a global leader and trusted partner. This merger will accelerate our growth and innovation, delivering greater value to our customers and partners. Together, we’re wholly committed to realising our vision of empowering people, businesses and societies through the provision of intelligent video solutions.”

The merger arrangement is scheduled to be finalised by the end of this year.