Canon acquires BriefCam

Canon today announced the acquisition of BriefCam, a provider of Video Synopsis and Deep Learning solutions. Closing of the deal is subject to customary closing conditions.

“The acquisition will create even greater synergies between the BriefCam Video Content Analytics platform and Canon's Network Video Solutions portfolio,” Trevor Matz, president & CEO of BriefCam, told Security Systems News. “BriefCam will continue to innovate and deliver best-of-breed video content analytics enabling law enforcement,  public safety agencies and major enterprises transform their video surveillance footage into actionable intelligence and dramatically shorten the time-to-target for security threats while increasing safety and optimizing operations.”

Masanori Yamada, Canon Inc. managing executive officer and group executive, Network Visual Solution Business Promotion Headquarters, said in the announcement, “We are very excited to work with such an innovative organization and we welcome BriefCam into the Canon Group. With BriefCam, we can deliver an even broader range of leading-edge technology and solutions in the fields of network cameras, video management software and video content analysis software to customers and partners across the globe.”

BriefCam will continue to operate under the leadership of its current management structure, remain an open platform, and continue to provide its software to the market through its own sales channels.

“We are thrilled to be joining forces with a global leader in digital imaging,” said Matz. “The acquisition will allow BriefCam to continue to deliver industry leading video content analytics solutions, while remaining a standalone company within the Canon Group. The opportunity is a testament to the innovative technology we have built, the outstanding team we have assembled, and the rapidly growing business we have created.”
 
The acquisition will also enable BriefCam to enter new markets, deliver stronger vertical solutions, and serve global customers even more effectively, he said.

Founded in 2007, BriefCam's Video Synopsis and Deep Learning solutions are used for rapid video review and search, smart alerting and quantitative video insights.