Motorola Solutions (NYSE: MSI) announced that it has entered into a definitive agreement to acquire Avigilon (TSX: AVO) in an all-cash transaction that will enhance Motorola Solutions’ portfolio of mission-critical communications technologies. Under the terms of the agreement, Motorola Solutions will acquire all of Avigilon’s outstanding shares for CAD$27.00 per share. The enterprise value of the transaction is approximately US$1.0 billion including Avigilon’s net debt.
Avigilon continues to develop their artificial intelligence (AI) video analytics portfolio by adding features to their Avigilon Appearance Search video analytics technology – a sophisticated deep learning AI search engine that sorts through hours of footage with ease. Avigilon recently added the ability to search for vehicles in Avigilon Appearance Search technology, available in the Avigilon Control Center (ACC) 6.2 video management software, to help users gain powerful insights and make effective decisions during an investigation.
Avigilon Corporation (TSX: AVO), provider of trusted security solutions, reported financial results for the three months ended March 31, 2017. “Marking our 37th consecutive quarter of year over year revenue growth, in Q1 we increased cash flow from operations by $12.5 million and reported strong gross margins,” said Alexander Fernandes, Avigilon’s Founder, President, Chief Executive Officer and Chairman of the Board.
Avigilon Corporation (TSX: AVO), provider of trusted security solutions, showcased their new Avigilon Unusual Motion Detection (“UMD”) video analytics technology at ISC West 2017 last week. UMD is an advanced artificial intelligence (“AI”) technology that brings a new level of automation to surveillance. This technology is designed to continuously learn what typical activity in the scene looks like and focus the operator’s attention on atypical events needing further investigation.
Avigilon Corporation (TSX: AVO), provider of trusted security solutions, announced that it will preview the new Avigilon Face and Vehicle Appearance Search video analytics technologies at ISC West 2017, Sands Expo and Convention Center booth 22043, in Las Vegas, USA, from April 5 to 7, 2017. Avigilon is expanding its deep learning artificial intelligence (AI) search engine, Avigilon Appearance Search technology, with two powerful new features that help users save time and effort during critical investigations.
Avigilon Corporation (TSX: AVO), provider of trusted security solutions, announced that it has further enhanced its self-learning video analytics capabilities by introducing Avigilon Appearance Search technology immediately available with Avigilon Control Center (ACC) 6.0 video management software. Avigilon Appearance Search, Avigilon’s newest and most advanced video analytics technology, is a sophisticated deep learning artificial intelligence (AI) search engine that sorts through hours of footage with ease, allowing users to quickly locate a specific person of interest across all cameras on an entire site.
G4S has completed phase one, installing the Avigilon Control Center (ACC) software and 229 Avigilon surveillance cameras at the 65,000-seat Hard Rock Stadium and the Baptist Health Training Facility at Nova Southeastern University. Phase two of the installation will include 600 additional Avigilon cameras. Miami Dolphins Senior Vice President of Operations Todd Boyan has been impressed with the results. “Avigilon and G4S have successfully created a state-of-the-art security solution. Avigilon security solutions enable us to monitor the crowds and gives us the ability to identify and respond to potential security issues in a proactive manner.”
Avigilon Corporation (TSX: AVO), provider of trusted security solutions, today announced the expansion of its H4 camera platform with the addition of the H4 PTZ (Pan-Tilt-Zoom) camera line. The new H4 PTZ combines high performance with self-learning video analytics providing users both the versatility, functionality, and intelligence to proactively respond to events as they occur.
Avigilon Corporation (TSX: AVO), provider of trusted security solutions, announced it will preview the new Avigilon Appearance Search video analytics technology at IFSEC International 2016, ExCel Centre stand G950, in London, United Kingdom. In concert with this announcement, Avigilon has filed the first in a series of international patent applications covering Avigilon Appearance Search.
The stock of Avigilon Corp (TSE:AVO) gapped down by $1.10 today and has a $13.16 target or 8.00% below May 11’s $14.30 share price. The 6-month technical chart setup indicates high risk for the $617.11 million company. The gap down was reported on May, 11 by Barchart.com. If the $13.16 price target is reached, the company will be worth $49.37 million less.