STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Axis Communications (STO:AXIS):
Axis Communications, the global leader in network video, today announced the acquisition of Citilog, a provider of intelligent real-time video monitoring for traffic and transportation security and safety. The addition of their advanced surveillance technology and experienced personnel strengthens Axis’ best-of-breed solution and further expands its opportunities in the fast-growing traffic analytics market.
“Citilog’s proven products are well known to the traffic sector, and complement our solutions for the most demanding requirements in that market. Their commitment to developing quality, innovative and easy-to-use products is consistent with Axis’ approach to provide the most competitive, highest value solution for a range of customer needs,” said Ray Mauritsson, CEO at Axis. “We are excited to be able to offer our channel partners and end users state-of-the-art analytics tools that work with their existing Axis network video solutions.”
Citilog is a privately held company with 30 employees, headquartered in Paris, France and with offices in the USA, Hong Kong and Spain. The company offers a suite of video analytics tools and sensors for transportation monitoring, such as automatic incident detection, traffic data collection and intersection control. Its products improve road safety, limit risks and help reduce travel time. Axis and Citilog have worked together for several years on both engineering and sales to provide integrated solutions to a number of mutual customers.
For more information about the acquisition, please read the interview with Ray Mauritsson at www.axis.com/about-axis/axis-acquire-citilog-interview-with-ray
Citilog is a leader in providing video-based monitoring and surveillance products to the transportation market. Citilog offers intelligent transportation solutions that enable a smarter, safer journey for millions of drivers around the world. Citilog’s Automatic Incident Detection (AID) systems provide a safer environment in hundreds of tunnels and bridges around the world. Citilog was the first company to introduce AID and has remained the leader ever since. Using Citilog’s intersection control sensors and applications, Cities have cost-effective and efficient tools to optimize the operation of traffic light and reduce waiting time at intersections. Citilog’s traffic data collection sensors and applications provide traffic data to Cities and Highways for better planning and road user real time information, thus contributing to a better mobility.
Systems are deployed at some of the world’s best known landmarks such as, the Lincoln and Holland Tunnels in New York; Lupu, NanPu and Yanpu bridges in Shanghai, China; M30 tunnels in Madrid, Spain; the Mont-Blanc tunnel spanning France and Italy and over 900 other locations. Citilog is based in Paris, France with international offices in the USA, Hong Kong and Spain. More information is available at www.citilog.com.
About Axis Communications
Axis offers intelligent security solutions that enable a smarter, safer world. As the global market leader in network video, Axis is driving the industry by continually launching innovative network products based on an open platform - delivering high value to its customers through a global partner network. Axis has long-term relationships with partners and provides them with knowledge and ground-breaking network products in existing and new markets. Axis has more than 2,000 dedicated employees in more than 40 countries around the world, supported by a network of over 75,000 partners across 179 countries. Founded in 1984, Axis is a Sweden-based company listed on NASDAQ Stockholm under the ticker AXIS. For more information about Axis, please visit our website www.axis.com
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