Panasonic Corporation, Osaka, announced 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.
Video Insight, founded in 2002, provides enterprise-class video management solutions for security systems to more than 25,000 customers in the financial, government, retail, and transportation sectors as well as to 6,500 schools and campuses.