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Avigilon buys ObjectVideo's patents, licensing program for $80.3m

December 19, 2014Martha Entwistle

Updated Jan. 15, 2015VANCOUVER, British Columbia—The future of the video surveillance industry “is about business intelligence and video analytics,” according to Avigilon CEO Alexander Fernandes, and Avigilon's purchase of a division of ObjectVideo equips it for that future with what he calls the “strongest portfolio of intellectual property related to video analytics … the designers, technical knowhow, trade secrets and now the patents.”In December, Avigilon paid...

Alexander Fernandes, Avigilon, ObjectVideo, Raul Fernadez, Video Analytics

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