Canon Acquires Milestone to Make Major Advance in Network Video Surveillance Business
Canon U.S.A. Inc. announced Canon Europe 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 — according to Canon — 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.