French multinational Atos is to acquire Ipsotek, an AI-enhanced video analytics software provider based in London.
Atos says the acquisition will strategically reinforce its position in edge and computer vision by adding key software capabilities and IP to its solutions portfolio.
Established in 2001 and based in London, Ipsotek offers a scalable AI platform, VISuite, that enables users to efficiently manage automatically-generated alerts in real-time, and can be used across a range of use cases including crowd management, smoke detection, intrusion detection, perimeter protection, number plate recognition and traffic management.
VISuite also provides multi-camera tracking capabilities. The company has executed more than 600 projects in 38 countries. The acquisition will add a highly skilled team of approximately 50 professionals to Atos.
Atos’ and Ipsotek’s combined capabilities will create a unique proposition across the entire value chain for the public sector, retail, manufacturing, transportation, and critical infrastructure sectors and make them a partner of choice in the computer vision market.
“We are excited to join forces with Atos and are confident that our combined capabilities offer significant value to our respective clients. We look forward to creating a great success story together,” said Boghos Boghossian, CTO and co-founder of Ipsotek.
The closing of the transaction is expected to take place in Q2 2021.AI