![]() GMP Securities LP acted as the exclusive financial advisor to Avigilon on the transaction.Īvigilon, which was listed on the S&P/TSX Composite (TSE:OSPTX) in 2011, rallied 168 percent in 2013, giving the company a market value of $1.34 billion. "VideoIQ is transforming the future of intelligent surveillance." "The acquisition will give us sophisticated, commercially proven analytics technology supported by one of the leading analytics development teams in the industry," Avigilon Chief Executive Officer Alexander Fernandes said in the statement. VideoIQ is a seven-year-old company based in Billerica, Massachusetts, a suburb of Boston, with 30 employees and 23 patents granted or pending, according to the statement. The transaction is expected to close in early January, Avigilon said in a statement today. Shares of Vancouver-based Avigilon gained 2 percent to $31.35 at 2:07 p.m. Video can be displayed in response to manual user selection or automatically displayed when an event detected by a PSIM-integrated system is reported. ( TSE:AVO), a Canadian video surveillance company, advanced in afternoon trade after agreeing to buy VideoIQ Inc., a U.S.-based video analytics company, for $32 million. VidSys integrates Avigilon Control Center with the VidSys PSIM platform, allowing PSIM operators to view real-time and recorded video from their desktops.
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