TOKYO, July 3, 2018—Canon Inc. (“Canon”; Headquarters: Tokyo, Japan; Chairman and CEO: Fujio Mitarai) announced that yesterday, after the necessary procedures, the Company completed the acquisition of BriefCam Ltd. (“BriefCam”; Headquarters: Modi’in-Maccabim-Re’ut, Israel; President and CEO: Trevor Matz) that was announced in May.
BriefCam develops and markets video content analysis (VCA) software that utilizes proprietary Video Synopsis® technology. With the completion of this acquisition, BriefCam joins the Canon Group as a wholly owned subsidiary.
By welcoming leading VCA software company BriefCam, the Canon Group expands its capacity to provide an even broader range of leading-edge technology and solutions in the fields of network cameras, video management software and video content analysis software. Going forward, Canon will continue to strengthen its network video solutions business with the aim of becoming the global industry leader.
Following this acquisition, BriefCam will continue to operate under the leadership of its current management structure and continue to provide its software to the market through its own sales channels.