Axis Communications, the global leader in network video, today announced the acquisition of Cognimatics, a leading company of store optimization solutions targeting the retail sector, and 2N, the number one company in IP Intercom. The addition of these two leading companies further strengthens Axis' portfolio globally.
COGNIMATICS ACQUISITION
The addition of Cognimatics' knowledge and technology strengthens Axis' solution offering in the fast-growing retail market segment. Cognimatics' technology is for example used for people counting, queue measurement and occupancy estimation. The Proven analytics technology to optimize real-time customer behavior strengthens Axis Communications offering within store optimization on a fast-growing market.
"Cognimatics' products are well-known with a successful track record in the retail sector, and complement our solutions in that market. Their commitment to developing innovative and easy-to-use products is consistent with Axis' approach to provide the highest value solution for a range of customer needs. We are excited to be able to offer our partners and end users solutions that act as a natural complement to their existing Axis solutions," says Ray Mauritsson, CEO at Axis Communications.
2N ACQUISITION
2N is the number one player in the field of IP intercom, and also operates in other areas, for example IP audio and IP lift intercom. The company has well-established sales channels through electricians and telecom installers as well as lift manufacturers, which can serve as a complement to Axis present global sales channels. At the same time 2N will benefit from Axis' strong market positon and R&D resources.
"The acquisition supports our ambition to contribute to a smarter and safer world. There is an increased customer demand for integrated solutions with open standards that deliver enhanced security. Together with 2N we can meet that demand," says Peter Lindström, Vice President New Business at Axis Communications.
The 2N brand will remain, and the company will operate as a subsidiary within the Axis group. The joint operations will concern knowledge sharing and assisting each other in R&D and market access. An important joint task is to accelerate the convergence from analog systems towards IP intercom and develop new opportunities.
"We plan for development and growth for Axis as well as for 2N. The market is growing, and by acquiring 2N we can continue to drive the change in the market," says Peter Lindström.
-Ends-
For more information, please contact:
Monica Tomar, PR Manager Middle East, Axis Communications
Phone: + 971 52 844 4016, E-mail: monica.tomar@axis.com
About Axis Communications
Axis offers intelligent security solutions that enable a smarter, safer world. As the market leader in network video, Axis is driving the industry by continually launching innovative network products based on an open platform - delivering high value to customers through a global partner network. Axis has long-term relationships with partners and provides them with knowledge and ground-breaking network products in existing and new markets.
Axis has more than 2,100 dedicated employees in more than 50 countries around the world, supported by a global network of over 80,000 partners. Founded in 1984, Axis is a Sweden based company listed on NASDAQ Stockholm under the ticker AXIS. For more information about Axis, please visit our website www.axis.com.
About Cognimatics
Founded in 2003, Cognimatics is a privately owned Swedish company, headquartered in Lund, with 12 employees. The company offers a suite of video analytics applications that can be used to provide retailers with insightful behavioral intelligence that helps optimize their operations, improve customer experience, and enhance security and safety. Axis Communications and Cognimatics have cooperated for several years on both engineering and sales to provide integrated solutions to a number of mutual customers. Cognimatics serves customers in more than 70 countries via a global distributor and system integrator network.
About 2N
2N is the number one player in the field of IP intercom, according to IHS. 2N develops and provides solutions for ICT and physical security industry and has a leading market position when it comes to IP audio and IP intercom (Door and Emergency IP Intercoms). 2N has about 200 employees, and has its HQ in Prague, Czech Republic.
© Press Release 2016
