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Avigilon Acquires Video Analytics Patents
January 21, 2015
Avigilon acquires strategic intellectual property and continues to build upon its industry-leading video analytics patent portfolio
VANCOUVER, Jan. 21, 2015 /CNW/ - Avigilon Corporation ("Avigilon") (TSX:AVO), a leading global provider of end-to-end security solutions, today announced that it has completed the acquisition of 96 US and international patents and 25 US and international patent applications (the "Patents") from four unrelated vendors for aggregate cash consideration of US$13,375,000.
Avigilon acquired the patents in separate transactions with each of the following entities: Behavioral Recognition Systems, Inc., FaceDouble Incorporated, ITS7 Pty Ltd., and VideoMining Corporation. The Patents relate to various video analytics capabilities, including emotional and attentional response measurement, in-store object tracking and behavioural analysis, object tracking and anomaly detection, video segmentation and metadata generation, user interfaces, and image classification and retrieval over wireless networks. Other notable fields covered by the Patents include network camera system-on-a-chip and remote security camera programming.
With the acquisition of the Patents, and following Avigilon's recent acquisition of ObjectVideo, Inc.'s entire patent portfolio and patent licensing program, Avigilon holds 213 US and international patents and 215 US and international patent applications.
"The future of the video surveillance industry is in video analytics and the Patents cover sophisticated technologies in this area," said Alexander Fernandes, Avigilon's founder, president, CEO and chairman of the board. "These strategic purchases open up great opportunities for our business, give us freedom to operate, and expand the scope of our new patent licensing program. It is yet another proof point that Avigilon is leading the way into the future of the video surveillance industry."
About Avigilon:
Avigilon Corporation is defining the future of protection through innovative end-to-end security solutions. Avigilon's industry-leading HD network video management software, megapixel cameras, access control and video analytics products are reinventing the security market. Information about Avigilon can be found at www.avigilon.com.
