Canon acquires Milestone to Make Major Advance in Network Video Surveillance Business

  • Jun 13, 2014

Canon, manufacturer of imaging solutions, announced it has signed an agreement to acquire Denmark-based Milestone Systems A/S, a provider of open platform video management software, via its subsidiary Canon Europa N.V. The new combination will create a formidable player in the fast growing network video surveillance market by combining the strengths of Canon’s innovative imaging technology with Milestone’s video management software expertise.

Canon has a clear ambition to drive future growth through diversification and has identified network video surveillance as a strategic new business area. Bringing Milestone into the Canon Group will significantly enhance Canon’s software capabilities in this sector.

Rokus van Iperen, president & CEO, Canon Europe, Middle East and Africa, explained, "Canon is aiming to take a leadership position in network video surveillance and we are making an important strategic investment today to realize our objective to expand in this market. Together with Milestone, we can accelerate our growth by delivering new advanced products and solutions for new sectors, through new channels, to offer greater customer value. We are very excited about working with such a talented and innovative company and we welcome Milestone into the Canon Group."

Lars Thinggaard, president & CEO, Milestone Systems said, "Milestone is extremely excited about the huge potential that being part of a global group will provide. Canon respects how we built our business with our partners and supports our strategy of providing open platform solutions, and therefore, the need to remain a standalone company within the Canon Group. We feel this step is right for taking both our business and support for suppliers and partners to a new level."

Milestone has strong consultancy and training services with a major focus on innovation. This creates strong synergies with Canon’s customer focus and R&D culture. As part of the Canon Group, Milestone will be able to accelerate its business and development of new products. In addition, Milestone will be able to use Canon’s business and consumer channels to expand its global market presence.

Milestone’s Open Platform business model is essential to its future success and Milestone will continue to provide open platform solutions to the market, while operating as a standalone company within the Canon Group. Canon fully supports Milestone’s open platform strategy and respects their strong partnerships.

Following the completion of the acquisition, Milestone’s management will remain in place and they are committed to making this transition a success.

Featured

  • Survey: CISOs Increasing Budgets for Crisis Simulations in 2025

    Today, Cyber Performance Center, Hack The Box, released new data showcasing the perspectives of Chief Information Security Officers (CISOs) towards cyber preparedness in 2025. In the aftermath of 2024’s high-profile cybersecurity incidents, including NHS, CrowdStrike, TfL, 23andMe, and Cencora, CISOs are reassessing their organization’s readiness to manage a potential “chaos” of a full-scale cyber crisis. Read Now

  • Human Risk Management: A Silver Bullet for Effective Security Awareness Training

    You would think in a world where cybersecurity breaches are frequently in the news, that it wouldn’t require much to convince CEOs and C-suite leaders of the value and importance of security awareness training (SAT). Unfortunately, that’s not always the case. Read Now

  • Windsor Port Authority Strengthens U.S.-Canada Border Waterway Safety, Security

    Windsor Port Authority, one of just 17 national ports created by the 1999 Canada Marine Act, has enhanced waterway safety and security across its jurisdiction on the U.S.-Canada border with state-of-the-art cameras from Axis Communications. These cameras, combined with radar solutions from Accipiter Radar Technologies Inc., provide the port with the visibility needed to prevent collisions, better detect illegal activity, and save lives along the river. Read Now

  • Survey: 84 Percent of Healthcare Organizations Spotted Cyberattack in Last 12 Months

    Netwrix, a vendor specializing in cybersecurity solutions focused on data and identity threats, surveyed 1,309 IT and security professionals globally and recently released findings for the healthcare sector based on the data collected. It reveals that 84% of organizations in the healthcare sector spotted a cyberattack on their infrastructure within the last 12 months. Phishing was the most common type of incident experienced on premises, similar to other industries. Read Now

Most   Popular

Featured Cybersecurity

Webinars

New Products

  • Luma x20

    Luma x20

    Snap One has announced its popular Luma x20 family of surveillance products now offers even greater security and privacy for home and business owners across the globe by giving them full control over integrators’ system access to view live and recorded video. According to Snap One Product Manager Derek Webb, the new “customer handoff” feature provides enhanced user control after initial installation, allowing the owners to have total privacy while also making it easy to reinstate integrator access when maintenance or assistance is required. This new feature is now available to all Luma x20 users globally. “The Luma x20 family of surveillance solutions provides excellent image and audio capture, and with the new customer handoff feature, it now offers absolute privacy for camera feeds and recordings,” Webb said. “With notifications and integrator access controlled through the powerful OvrC remote system management platform, it’s easy for integrators to give their clients full control of their footage and then to get temporary access from the client for any troubleshooting needs.” 3

  • Automatic Systems V07

    Automatic Systems V07

    Automatic Systems, an industry-leading manufacturer of pedestrian and vehicle secure entrance control access systems, is pleased to announce the release of its groundbreaking V07 software. The V07 software update is designed specifically to address cybersecurity concerns and will ensure the integrity and confidentiality of Automatic Systems applications. With the new V07 software, updates will be delivered by means of an encrypted file. 3

  • PE80 Series

    PE80 Series by SARGENT / ED4000/PED5000 Series by Corbin Russwin

    ASSA ABLOY, a global leader in access solutions, has announced the launch of two next generation exit devices from long-standing leaders in the premium exit device market: the PE80 Series by SARGENT and the PED4000/PED5000 Series by Corbin Russwin. These new exit devices boast industry-first features that are specifically designed to provide enhanced safety, security and convenience, setting new standards for exit solutions. The SARGENT PE80 and Corbin Russwin PED4000/PED5000 Series exit devices are engineered to meet the ever-evolving needs of modern buildings. Featuring the high strength, security and durability that ASSA ABLOY is known for, the new exit devices deliver several innovative, industry-first features in addition to elegant design finishes for every opening. 3