Skip to main

You are here

Canon buys Danish video software business

Canon's imaging business is buying Denmark-based Milestone Systems A/S, a specialist provider of open platform video management software, via its subsidiary Canon Europa N.V.

Canon's imaging business is buying Denmark-based Milestone Systems A/S, a specialist provider of open platform video management software, via its subsidiary Canon Europa N.V. This makes it a player in the fast growing network video surveillance market

Canon has a clear ambition to drive future growth through diversification and has identified network video surveillance as a strategic new business area. Bringing Milestone into the Canon Group will significantly enhance Canon's software capabilities in this sector.

Rokus van Iperen, President & CEO, Canon Europe, Middle East and Africa, explains:"Canon is aiming to take a leadership position in network video surveillance and we are making an important strategic investment today to realise our objective to expand in this market. Together with Milestone, we can accelerate our growth by delivering new advanced products and solutions for new sectors, through new channels, to offer greater customer value."

Lars Thinggaard, President & CEO, Milestone Systems: "Canon respects how we built our business with our partners and supports our strategy of providing open platform solutions and therefore the need to remain a standalone company within the Canon Group. We feel this step is right for taking both our business and support for suppliers and partners to a new level."

Milestone has strong consultancy and training services and a focus on innovation. As part of the Canon Group, Milestone will accelerate its business and development of new products. In addition, Milestone will be able to use Canon's business and consumer channels to expand its global market presence.

Milestone's successful Open Platform business model is essential to its future success and Milestone will continue to provide open platform solutions to the market, while operating as a standalone company within the Canon Group. Canon fully supports Milestone's open platform strategy and respects their strong partnerships, it says.