BriefCam Has Been Acquired by Canon
About BriefCam
- BriefCam is the leading provider of Video Synopsis and Deep Learning solutions for rapid video review and search, smart alerting and quantitative video insights
- By transforming raw video into actionable intelligence, BriefCam dramatically shortens the time-to-target for security threats while increasing safety and optimizing operations
- The company’s award-winning products are deployed by law enforcement and public safety organizations, government and transportation agencies, major enterprises, healthcare and educational institutions and local communities worldwide
- BriefCam was founded in 2007 by Shmuel Peleg, Gideon Ben-Zvi and Yaron Caspi, based on the Video Synopsis technology developed at The Hebrew University of Jerusalem and is headquartered in Modi’in, Israel
About Canon
- Canon is a global leader in the fields of professional and consumer imaging equipment, industrial equipment and information systems, and a market-leading network video solutions portfolio including technology from the acquisitions of AXIS Communications and Milestone Systems
- Canon’s extensive range of products includes production printers, multifunction office systems, inkjet and laser printers, cameras, video and cinematography equipment, network cameras, medical systems and semiconductor-manufacturing equipment
- Founded in 1937 as a camera manufacturer, Canon has successfully diversified and globalized to become a worldwide industry leader in professional and consumer imaging systems and solutions
- Canon is headquartered in Tokyo and has approximately 198,000 employees worldwide
“
We are thrilled to be joining forces with the global leader in digital imaging. The acquisition will allow BriefCam to continue to deliver industry leading video content analytics solutions, while remaining a standalone company within the Canon Group. The opportunity is a testament to the innovative technology we have built, the outstanding team we have assembled, and the rapidly growing business we have created.
Trevor Matz
President & CEO, BriefCam
“
With BriefCam, we can deliver an even broader range of leading-edge technology and solutions in the fields of network cameras, video management software and video content analysis software to customers and partners across the globe. We are very excited to work with such an innovative organization and we welcome BriefCam into the Canon Group.
Masanori Yamada
Managing Executive Officer & Group Executive, Network Visual Solution Business Promotion Headquarters, Canon
Transaction Notes
- The acquisition of BriefCam by Canon was announced on May 9, 2018 and completed on July 3, 2018; financial terms were not disclosed
- The acquisition expands Canon’s market leading network video solutions business with the addition of BriefCam’s best-of-breed video content analytics platform
- Shea & Company served as the exclusive financial advisor to BriefCam