Why does Axis acquire Citilog?
The acquisition strengthens and extends our market-leading security and safety solutions in the transportation segment, targeting a growing market opportunity for advanced video analytics capabilities. We continue to build on a strategy of offering integrated, best of breed solutions that provide leading-edge capabilities, superior performance and unmatched quality.
The acquisition deliver more complete, broader and smarter solutions for Axis’ resellers and system integrators to offer their customers. Our partners and customers will get better access to deep knowledge within the transportation segment and better support for more complete traffic solutions.
The video analytics segment of the security industry is growing quickly and requires sophisticated and often times specialized technology. Citilog has very specific area of expertise for transportation that we view as critical to providing enhanced solutions and that go beyond traditional security capabilities.
Will Citilog continue to operate independently?
As a starting point yes. We will then take our time to jointly use the expertise of the Citilog team to develop a long term strategy aiming at giving the best possible support to our partners and end-customers.
How has the new ownership of Canon affected the acquisition?
Canon has a reputation of being a long-term owner and has stated a clear ambition to create a strong position in the video surveillance market through and under the Axis brand. This includes acquisitions like this.
Are you concerned that your other partners will feel threatened by the acquisition?
Axis partner strategy continues: We remain a partner-driven company offering open technology platforms, always with the goal to provide the best possible solution to the end customer. We will continue work with application partners, with the freedom of choice for the customer.
We recognize the need to work with a broad ecosystem within the security industry to serve a wide variety of customer needs. Our existing partners will still be a part of the total solutions we offer the market.
When did the deal close?
The acquisition of Citilog is effective Febraury 1, 2016.