ObjectVideo Inc., Reston, Va., and Vancouver-based Avigilon Corporation announced the sale of ObjectVideo's intellectual property and patent licensing program to Avigilon for a cash consideration of $80.3 million.
ObjectVideo Inc., a technology and solutions company, announced the signing of a global patent license with March Networks®, a global provider of intelligent IP video solutions. This multi-year, global royalty-bearing agreement applies to March Networks' video analytics-enabled IP cameras, encoders and high performance 8000 Series hybrid network video recorders.
Video surveillance products and solutions provider Hikvision, Hangzhou, China, has signed a global patent license agreement with video analytics provider ObjectVideo, based in Reston, Va.