Milestone Systems and Arcules Join Forces
Milestone Systems and Arcules have merged to combine the strengths of both companies in video management software, analytics and cloud-based solutions.
Global video technology company Milestone Systems is to merge with the cloud-based video surveillance solutions provider, Arcules —reuniting them again after seven years.
The merger brings together Milestone and Arcules’ capabilities within video management software (VMS), video analytics and Video Surveillance as a Service (VSaaS), providing a complete video technology offering.
A Vision for the Future
The VSaaS market is predicted to grow rapidly while Artificial Intelligence (AI) is creating new possibilities that were not possible just a year ago. By adding Arcules to Milestone’s product line, the company is better positioned to thrive in the video technology software industry.
The merger represents a transformative leap, combining robust video management with the agility and scalability of the cloud, the promise of leveraging AI and the desire to pioneer advancements in the booming VSaaS market.
With the rise of AI, the joint companies have the potential to derive insights from video data and support decision intelligence. The merger aims to exploit the rapidly changing AI landscape from on premise to cloud as both Milestone and Arcules have long worked with video analytics.
Common DNA
Based in California, USA, Arcules was spun out from Milestone in 2017. The decision to reunite the companies is driven by a shared vision to deliver intelligent, data-driven video technology that empowers customers to make better decisions and optimize their operations.
Thomas Jensen, CEO of Milestone Systems, said: “Milestone and Arcules have a strong existing partnership and a common DNA. By uniting and working as one, we can provide a world-class offering that suits many different needs and gives customers greater freedom of choice. As one company, we will shape the future of open platform video technology.”
Andreas Pettersson, CEO of Arcules, said: “We are excited to rejoin Milestone, a global leader and trusted partner. This merger will accelerate our growth and innovation, delivering greater value to our customers and partners. Together, we are committed to realizing our vision of empowering people, businesses and societies through intelligent video solutions.”
The merger is scheduled to be finalized by the end of 2024.
