Panasonic Acquires Cloud Based Video Surveillance Company
Panasonic acquires 
Cameramanager.com, a provider of Video Surveillance-as-a-Service (VSaaS) in Europe. The acquisition of the cloud-based video solutions company reinforces Panasonic's existing security business as it looks to extend its cloud-based solutions to the business and consumer markets.
As part of the acquisition, the Cameramanager.com team will join Panasonic Europe.
“This acquisition is an important strategic step towards enhancing our smart and connected services offering in the European and CIS market”, said Laurent Abadie, chairman and CEO, Panasonic Europe. “With Cameramanager.com’s software and cloud-based solutions complementing our existing security business, we will be able to significantly enhance our presence in this space by bringing together technical know-how and software skills, and equipping us with the necessary assets to respond to future demands in cloud services.”
Cameramanager.com is a provider for online security cameras, managing over 40,000 camera connections globally. Founded in 2007 by Tijmen Vos and Rishi Lodhia, Cameramanager.com is based in Amsterdam and has customers in the Netherlands, Belgium, Denmark, Sweden, Norway, Germany, Poland, Switzerland, Brazil, Latvia, Russia and Turkey. Cameramanager.com offers cloud-based camera surveillance connecting to PCs, Macs, smartphones and tablets.
The management of Cameramanager.com looks forward to taking the next step in the company’s development by joining forces with Panasonic to bring end-to-end, cloud-based surveillance to a wider market.
“We’re delighted to join a company that will continue to support the innovative culture that is the foundation of our business, and together we remain committed to delivering excellence in online security,” commented Rishi Lodhia, CEO Cameramanager.com