Atos has announced it has reached an agreement to acquire Ipsotek, an 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 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 in 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.