Patent portfolio

ObjectVideo Sells Entire Patent Portfolio to Avigilon

Posted by Stan Lewis December 19, 2014 12:44 pm Categories: Corporate News, Video Analytics. Tags: Alexander Fernandes, Avigilon, Intellectual property, objectvideo, Patent, Patent portfolio, video analytics.

Avigilon Corporation (“Avigilon”) (TSX:AVO), a leading global provider of end-to-end security solutions, announced that it has completed the acquisition of the entire patent portfolio and the patent licensing program of ObjectVideo, Inc., for cash consideration of US$80.3 million. Founded in 1998, ObjectVideo is an innovator in the intelligent video solutions market. ObjectVideo’s video analytics patents, now acquired by Avigilon, are licensed and deployed by leading IP video manufacturers around the world.

How An Innovative Control Room Can Help Secure The Budding Cannabis Market

It’s no secret that the cannabis industry is growing. Numerous states across the United States, from California to Maine, have legalized recreational cannabis, with 33 total states allowing cannabis for medicinal uses. And it’s not just the United States that’s seeing this trend: Canada’s official legalization of recreational cannabis took effect last October. This growth is leading to incredible opportunities in the industry, with the global market valued at $10.3 billion in 2018 and projected to reach $39.4 billion by 2023. This market opportunity expands far beyond the companies that directly deal with the cannabis plant, with numerous adjacent businesses on track to experience benefits.