Canon creates Arcus Global spin-off to strengthen positioning in cloud video management solutions

Based on Milestone Systems technology, will focus its goals on meeting the demand of large companies in terms of cloud video storage (Video Cloud IoT).

Arcus Global is the new cloud video storage services company (Video Cloud IoT) for global companies of Canon Europe. Based in California, has intellectual property, company technologies and expertise Milestone Systems.

"We are very proud to provide the technology and expertise that Arcus Global will use since its inception.. This spin-off will allow us to maintain the leading position in video management solutions in the cloud, where we continue to increase our investments", clarifies Lars Thinggaard, President and CEO of Milestone Systems.

Arcus Global has been created to meet the demand of large enterprises in everything related to video storage in the cloud, as a business optimization and security service.

"We are really happy to introduce our new company today and launch the cloud video storage service. (Video Cloud IoT), that is not currently being offered to the global enterprise market. Leveraging Milestone Systems' strengths, we have a clear competitive advantage, coupled with agreements with global leaders in public cloud infrastructure and information processing technology (You)", comments Lars Nordenlund Friis, CEO of Arcus Global.

The new company will focus on an estimated potential market between 10.000 And 20.000 millions of dollars (between some 8.930 And 17.860 millions of euros) In 2021, according to data from ABI Research.

"We consider that network video surveillance solutions (Nvs) are a fundamental pillar of Canon's future growth and we have taken a number of important steps in this field., with acquisitions of Milestone Systems and Axis Communications. Our investment in Arcus Global demonstrates our commitment and strategy, aimed at enhancing our position in this fast-growing market", explains Rokus van Iperen, President and CEO of Canon Europe, Middle East and Africa.

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