Canon creates the spin-off Arcus Global to strengthen its position in cloud video management solutions

Based on Milestone Systems technology, will focus its objectives on meeting the demand of large companies for everything related to video storage in the cloud (Video Cloud IoT).

Arc Global is the new cloud video storage services company (Video Cloud IoT) for global companies Canon Europa. Based in California, has intellectual property, company technologies and experience Milestone Systems.

“We are very proud to provide the technology and knowledge that Arcus Global will use since its creation. This spin-off will allow us to maintain our leadership position in cloud video management solutions., where we continue to increase our investments”, aclara Lars Thinggaard, President and CEO of Milestone Systems.

Arcus Global has been created to meet the demand of large companies for everything related to video storage in the cloud, as a business and security optimization service.

“We are really happy to present our new company today and launch the cloud video storage service (Video Cloud IoT), that is currently not being offered to the global enterprise market. Leveraging the strengths of Milestone Systems, we have a clear competitive advantage, to which are added agreements with global leaders in public cloud infrastructure and information processing technology (OF)”, Comenta Lars Nordenlund Fris, CEO of Arcus Global.

The new company will focus on an estimated potential market between 10.000 y 20.000 million dollars (between some 8.930 y 17.860 million euros) in 2021, according to data from ABI Research.

“We consider that network video surveillance solutions (NVS) They are a fundamental pillar of Canon's future growth and we have taken a series of important steps in this field, with the acquisitions of Milestone Systems and Axis Communications. Our investment in Arcus Global demonstrates our commitment and strategy, aimed at enhancing our position in this rapidly growing market”, explica Rokus van Iperen, president and CEO of Canon Europe, Middle East and Africa.