Milestone-Arcules merger combines the strengths of both companies in video management software, analytics and cloud-based solutions.
BRONDBY, Denmark — Global video technology company Milestone Systems today announces it will merge with cloud-based video surveillance solutions provider Arcules, effective July 1, 2024, bringing the company back into the fold seven years after spinning it off.
The merger “brings together Milestone and Arcules’ best-in-class capabilities within video management software (VMS), video analytics and video surveillance as a service (VSaaS), providing a complete video technology offering,” according to the joint announcement.
The merger is scheduled to be finalized by the end of the year, the announcement says.
A Vision for the Future
The VSaaS market “is predicted to experience exponential growth” in the next several years, while artificial intelligence “is creating new possibilities that were not possible just a year ago,” according to the joint announcement.
By adding Arcules to Milestone’s product line, the company “is optimally positioned to lead the video technology software industry,” the announcement says.
This merger “represents a transformative leap, combining robust video management with the
agility and scalability of the cloud and promise of leverage AI,” according to the announcement. Combining forces “is a bold step towards pioneering advancements in the rapidly growing VSaaS market.”
“With the rise of AI, we have the potential to derive insights from video data and support
decision intelligence,” the joint announcement says. “The merger offers unparalleled ability to exploit the rapidly changing AI landscape from on-prem to cloud and both Milestone and Arcules are advanced in working with video analytics.
“The combination of these strengths will provide significant market advantages,” according to the announcement.
Photo courtesy of Milestone Systems
Why Milestone Systems Re-Acquired Arcules
Based in Irvine, Calif., Arcules was spun out from Milestone in 2017. The decision to
reunite the companies “is driven by a shared vision to deliver intelligent, data-driven video
technology that empowers customers to make better decisions and optimize their operations,” according to the joint announcement.
“Milestone and Arcules have a strong existing partnership and a common DNA,” says Thomas Jensen, CEO of Milestone Systems, in the announcement. “By uniting and working as one, we can provide a world-class offering that suits many different needs and gives customers greater freedom of choice.
“As one company, we will shape the future of open-platform video technology,” he says.
Andreas Pettersson, CEO of Arcules, says in the joint announcement he’s “excited to rejoin Milestone, a global leader and trusted partner.
“This merger will accelerate our growth and innovation, delivering greater value to our customers and partners,” he says. “Together, we are committed to realizing our vision of empowering people, businesses, and societies through intelligent video solutions.”
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