Tag: Thomas Jensen
Arcules CEO Andreas Pettersson steps down
November 1, 2024SSN Staff
COPENHAGEN, Denmark — Milestone Systems has announced that Arcules CEO Andreas Pettersson will be stepping down from his position.
Arcules, which spun out from Milestone Systems in 2017, reintegrated with the company on July 1, 2024 citing a need to be optimally positioned for the growth expected in the VSaaS market.
“The merger offers unparalleled ability to exploit the rapidly changing Al landscape from on-prem to cloud and both Milestone and Arcules are advanced in working...
Exploring the merger, part 2: Eyeing ‘powerful’ position in VSaaS market
July 10, 2024Ken Showers, Managing Editor
COPENHAGEN, Denmark — With Arcules’s cloud-based solutions and Milestone’s extensive global reach and channel partner network, the merged company is well-positioned to lead the video technology software industry and capture a significant share of the growing VSaaS market, says Milestone CEO Thomas Jensen.
“The two companies have had a common goal of providing reliable, data-based video technology,” he said. “(VSaaS) technology helps customers improve their...
Exploring the merger: Milestone’s Jensen discusses reuniting with Arcules
July 3, 2024Ken Showers, Managing Editor
COPENHAGEN, Denmark — After a seven-year sojourn, Arcules is reunited with Milestone Systems in a move that will marry the two company’s video monitoring services to provide a more complete offering for its customers.
Over the next several months, it will be business as usual for the two groups as they navigate reintegration, helmed by Milestone CEO Thomas Jensen, who is acting CEO for both companies. Jensen will be working closely with Arcules’ Andreas Pettersson...
Milestone Systems and Arcules to reunite in merger
June 27, 2024SSN Staff
COPENHAGEN, Denmark, and IRVINE, Calif. — Global video technology company Milestone Systems has announced that it will merge with cloud-based video surveillance solutions provider Arcules, effective July 1, 2024.
Based in Irvine, California, Arcules was spun out from Milestone in 2017. Now, following that split from each other, the companies say that the merger brings together Milestone and Arcules' capabilities within video management software (VMS), video analytics and video surveillance...
Milestone names Hardip Sohi-Bains as chief people & culture officer
June 6, 2024SSN Staff
COPENHAGEN, Denmark—Milestone Systems has announced the appointment of Hardip Sohi-Bains as its new chief people & culture officer. Sohi-Bains comes to Milestone after a strong human resources career at Rambøll and Novo Nordisk in Denmark.
Thomas Jensen, CEO of Milestone Systems, is looking forward to welcoming the new chief people & culture officer.
“Hardip Sohi-Bains comes with solid global experience in the people-first philosophy while managing organizational change,...
Milestone announces fourth straight year of record-high net revenues
April 4, 2024SSN Staff
COPENHAGEN, Denmark—Milestone Systems has announced record-high net revenues for a fourth straight year, as its newly released annual report detailed net revenues of 1.69 billion DKK (approx. $244.9 million) in 2023.
The video technology company celebrated 25 years in business in February 2023. During its anniversary year, Milestone made significant strides in delivering on its growth strategy, particularly in key industries such as healthcare and hospitality.
“As we reflect on...
Milestone Systems joins CVE Program
February 13, 2024SSN Staff
COPENHAGEN, Denmark – Video technology provider Milestone Systems has partnered with the Common Vulnerability and Exposures (CVE) Program as a CVE Numbering Authority (CNA).
The reported aim of the program is to find, describe, and catalog known cybersecurity issues. Milestone said that organizations worldwide, working with the program, find and share these vulnerabilities, afterwards publishing CVE Records with clear details about the issues to help IT and cybersecurity experts talk...
Milestone Systems to adopt G7 Code of Conduct for artificial intelligence
January 28, 2024SSN Staff
COPENHAGEN, Denmark—Milestone Systems, a provider of data-driven video management software, has announced it will adopt and implement the G7 Code of Conduct for advanced artificial intelligence (AI) systems, becoming one of the first companies to do so.
“We need rules to ensure AI is being developed to serve humanity,” said Thomas Jensen, CEO of Milestone Systems. “But companies should not wait for regulation. They must take their own steps to identify and resolve the weaknesses...
Milestone Systems at 25: Pioneering Video Technology and Setting Industry Trends
May 1, 2023Cory Harris, Editor
LAS VEGAS—As Milestone Systems celebrates its 25th anniversary, we take a moment to dive into the latest advancements in video technology, uncover the driving forces behind industry trends, and explore how Milestone Systems has remained a global leader in this rapidly evolving market.
With CEO Thomas Jensen at the helm, and CTO Rahul Yadav's technical expertise, join us as we discuss their journey, successes, and vision for the future of video surveillance technology.
SSN: Gentlemen,...
Milestone Systems annual report shows record-high revenues
April 3, 2023SSN Staff
COPENHAGEN, Denmark – The annual report delivered by Milestone Systems has indicated double-digit growth in 2022, according to the video software firm.
Milestone reportedly reached an all-time high annual net revenue of 1.5 billion Danish kroner (DKK), a 30 percent increase over the previous year. The company also reported a pre-tax profit of 11 million DKK in 2022. The company said it aims to more than double its 2021 revenue by 2026 as part of an ambitious growth strategy.
“It...