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Atos plans to acquire Ipsotek, an AI enhanced video analytics software provider.
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.
“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” saidPierre 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.
