Tag: Canon
Market report indicates $5.52 billion growth for security camera market by 2026
August 23, 2022SSN Staff
NEW YORK – Advisory firm SpendEdge has released a report predicting market growth of $5.52 billion for the security camera market by 2026.
The report states the market will grow at a CAGR of 11.07 percent with most of the growth being attributed to certain areas. “The Security Camera Sourcing and Procurement market will register an incremental spend of about $5.52 billion during the forecast period. However, only a few regions will drive the majority of this growth. Moreover,...
PSA announces a new financing solution partner
June 13, 2018SSN Staff
WESTMINSTER, Colo.—PSA, one of the world's largest systems integrator cooperatives, announced this week a new vendor partnership with Canon Financial Services Inc., a wholly owned subsidiary of Canon U.S.A. Inc.
With this partnership, CFS now supports PSA systems integrators with B2B lease financing solutions and programs designed to sell products and services in the network video surveillance market.
“We are excited to formally join PSA as a Business Solutions Provider,”...
Canon acquires BriefCam
May 9, 2018Paul Ragusa
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...
Canon's new company to harness the cloud
June 28, 2017Paul Ragusa
LONDON—Canon announced on June 27 a new business based in California called ARCUS Global Inc. Owned by Canon Europe and built on the intellectual property, technology and expertise of Canon Group company Milestone Systems, ARCUS Global Inc. will address the significant unmet global market demand from large enterprises for 'Video Cloud IoT as a Service' for security and business optimization.“We are excited to launch our new company ... and to introduce Video Cloud IoT as a Service not...
Axis to sell and market Canon in North America
September 7, 2016Paul Ragusa
CHELMSFORD, Mass.—Axis Communications and Canon are changing their sales and marketing efforts in major regional markets worldwide in an effort to provide a wider portfolio of video products and solutions to their customers.As part of the agreement, Axis will assume responsibility for the marketing and sales of Canon's entire network video product portfolio in North America starting Oct. 1 and in Europe, the Middle East and Africa starting Sept. 1.Fredrik Nilsson, VP, Americas, Axis Communications,...
Axis VP's global role evolves with firm's big growth
November 18, 2015Martha Entwistle
SAN ANTONIO—After doing some consulting work for Axis Communications in the mid-90s, Bodil Sonesson was recruited by Axis in 1996, the year it introduced the first network camera.Sonesson was hired to get Axis' European sales operation up and running. Since 2002, she's served as VP global sales. Her title may have remained unchanged for 13 years, but “nothing is the same,” Sonesson told Security Systems News.“We started off as a small organization, and I used to be very much...
Axis to build new HQ in Lund
June 17, 2015SSN Staff
CHELMSFORD, Mass.—In early 2016, Axis will begin construction of a new headquarters located adjacent to the company's existing offices in Lund, Sweden. The building is expected to be ready in early 2018 and will accommodate 1,100 employees.
Together with Canon's Chairman and CEO Fujio Mitarai, Axis Communications announced the expansion plan today with representatives from the municipality, university and the faculty of engineering. Canon acquired Axis in April.
“Proximity to [Lund]...
Canon-Axis deal done despite hedge-fund holdout
April 29, 2015Martha Entwistle
TOKYO—In a bid that industry analysts told Security Systems News is intended to get Canon to increase its $2.8 billion offer for Axis Communications, Elliott Management, a New York hedge fund, increased its stake in Axis to 10.91 percent and has not yet sold those shares to Canon.
Canon now owns 84 percent of Axis shares. On April 24, Canon extended the offer period a second time, from the original April 15 to May 5. Canon said it would neither extend the offer period again nor raise its...
Canon to buy Axis for $2.8 billion
February 10, 2015Martha Entwistle
TOKYO—Within a year of buying the leading VMS provider, camera manufacturer Canon has made an offer to buy Axis Communications, the leading network camera provider, for $2.8 billion cash.The deal is expected to be completed in April, pending stockholder approval. The Axis board of directors has approved the deal and the three largest shareholders in Axis, including the founders, who hold close to 40 percent of the total number of shares, have approved the plan.Fredrik Nilsson, Axis GM Americas,...
Canon to buy VMS provider Milestone Systems
June 13, 2014Martha Entwistle
Updated June 16, 2014 with an information from an interview with Jacco Leurs of Canon EuropaLONDON—Camera manufacturer Canon announced today that it will acquire VMS provider Milestone Systems. Terms of the deal were not announced.“A significant player in network video surveillance was created today,” Karl Erik Traberg, head of corporate communications for Milestone, told Security Systems News.Mark Wilson, technical assistant to the CEO of Milestone, added, “Canon has 200,000...