Atos has reached an agreement to acquire Ipsotek, an AI-enhanced video analytics software provider. The acquisition will add a skilled team of approximately 50 employees to Atos. The closing of the transaction is expected to take place in Q2 2021.
With this acquisition, Atos said it will reinforce its edge and computer vision expertise by adding key software capabilities and IP to its solutions portfolio.
Ipsotek was established in 2001 and is based in London. It 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.
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.
Pierre Barnabé, senior executive vice president, global head of big data and security at Atos (pictured), explained, “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.”
Boghos Boghossian, CTO and co-founder of Ipsotek, added, “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.”