Axis communications which is a Swedish based company now working under Canon as a business subsidiary is all set to acquire analytics solutions provider Cognimatics soon. Cognimatics supplies software analytics related to people counting, queue management and occupancy estimation. And so, in order to strengthen its stand in retail market, Axis wanted to excel in this stream as a leader and so has decided to acquire the company.
Last month the company announced that it has acquired IP Intercom company 2N for an undisclosed amount. 2N is the number one player in the field of IP intercom solutions such as IP audio and IP lift intercom. After the acquisition, 2N will retain the same name and the company will operate as a subsidiary within the Axis group.
Now, the world’s leading surveillance solution provider wanted to strengthen its based in video surveillance field on a further note and so has announced that it is going to purchase Swedish based Cognimatics soon.
More details will be updated shortly!