Mobotix has reached an agreement to acquire Vaxtor Group, an AI-based video analytics provider specializing in optical character recognition (OCR) and deep learning technologies.
“This acquisition is a significant step in our strategy of strengthening our artificial intelligence and deep learning capabilities and, whilst Vaxtor will continue to operate as a standalone company, is based on compelling commercial and development synergies and clear strategic benefits for both parties,” said Mobotix CEO Thomas Lausten.
Based in Spain, Vaxtor has a global customer base across 50 countries, delivering camera agnostic and at the edge video analytics in various sectors. Its vide analytics technology allows the automated capture of letters, numbers or other machine and human readable data, and enables such information to be recorded and processed cost-effectively at high-speed so as to trigger related processes.
According to Mobotix, this is a facilitator and accelerator for Mobotix’s vertical market strategy, as the use of these technologies can be applied in areas such as government, retail and transportation sectors such as tracking of containers, vehicles and aircraft, as well as in logistics and manufacturing applications.
In addition, Vaxtor’s products are tailor made for the Mobotix 7 high performance camera platform, meaning its analytics apps can be run decentralized onboard the camera, removing the need for peripheral hardware. They are also integrated into the Mobotix HUB video management software.
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