BriefCam, a Newton, MA-based provider of Video Synopsis® and Deep Learning solutions, was acquired by Canon Inc., a global leader in digital imaging solutions.
The close of the deal – whose amount was not disclosed – is subject to customary closing conditions.
The addition of BriefCam to Canon’s Network Video Solutions products portfolio complements the Canon Group’s previous acquisitions of AXIS Communications and Milestone Systems with an innovative video content analytics solution.
The acquisition will also enable BriefCam to enter new markets, deliver stronger vertical solutions, and serve its global customers even more effectively. BriefCam will continue to remain an open platform, working with other third party products in the market ecosystem.
Founded in 2007 by Prof Shmuel Peleg, Mr. Gideon Ben-Zvi, and Dr. Yaron Caspi, based on the Video Synopsis technology developed at The Hebrew University of Jerusalem, and led by Trevor Matz, President and CEO, BriefCam provides Video Synopsis® and Deep Learning solutions for rapid video review and search, smart alerting and quantitative video insights. Its products are deployed by law enforcement and public safety organizations, government and transportation agencies, major enterprises, healthcare and educational institutions, and local communities worldwide.