Panasonic Corporation, Osaka, announced that it has entered into an agreement to acquire all shares of Houston-based Video Insight Inc., a developer of video management software, as part of its strategy to expand business opportunities for both companies in the education market in North America.
Panasonic Group has set a clear target of reaching 10 trillion yen in sales by 2018, and B2B solutions, including security systems and video surveillance, will play an important part in achieving this high growth globally.