Milestone Systems, a global video technology company, has recently announced its merger with Arcules, a cloud-based video surveillance solutions provider. The purpose of this merger is to combine the strengths of both companies in video management software, analytics, and cloud-based solutions.
The VSaaS market is foreseen to grow significantly in the coming years, with Milestone believing that AI technology is opening up new possibilities that were previously unimaginable. By integrating Arcules into Milestone’s product line, the company aims to position itself optimally in the video technology software industry. Milestone Systems CEO, Thomas Jensen, 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, coupled with the potential of 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 the help of 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.
Initially spun out from Milestone in 2017, the decision for Arcules and Milestone to reunite was influenced by a shared vision to deliver 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, a global leader and trusted partner. He believes that this merger will accelerate growth and innovation