Atos Acquires AI-Enhanced Video Analytics Software Provider Ipsotek
PARIS, April 20, 2021 -- Atos today announced it has reached an agreement to acquire Ipsotek, a leading AI enhanced video analytics software provider. With this acquisition, Atos, already a major player in Edge AI/ML and more specifically Edge Vision, will strategically reinforce its leading 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.
“With this strategic move, Atos is reinforcing its leading position in Edge and Computer Vision and complementing its existing end-to-end offering in Edge AI/ML. Ipsotek’s extensive experience, its highly skilled experts and powerful product suite will strengthen the Atos teams and create a truly unique offering on the market” said Pierre Barnabé, Senior Executive Vice President, Global Head of Big Data & Security at Atos.
“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.
About Atos
Atos is a global leader in digital transformation with 105,000 employees and annual revenue of over € 11 billion. European number one in cybersecurity, cloud and high performance computing, the Group provides tailored end-to-end solutions for all industries in 71 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos operates under the brands Atos and Atos|Syntel. Atos is a SE (Societas Europaea), listed on the CAC40 Paris stock index.
The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space. www.atos.net
About Ipsotek
Established in 2001, Ipsotek is a pioneer in the field of A.I.V.A. (Artificial Intelligence Video Analytics) and Scenario-based Intelligent Video Analytics for mission critical applications. Its highly scalable platform VISuite AI enables users to efficiently manage automatically generated alarms in real-time, resulting in reduced operator response times and the ability to track chosen behaviours of interest in complex environments.
Source: Atos
