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Atos acquires AI-powered video analytics software provider Ipsotek

Author : Pankaj Singh | Published Date : 2021-06-02 

French multinational information technology service and consulting company Atos has reportedly completed the acquisition of Ipsotek, a leader in AI-powered video analytics solutions.

This acquisition will empower Atos to strategically fortify its prominent position in Edge AI and Computer Vision by expanding its portfolio with key software capabilities and IP to present an exclusive offering to users across various sectors.

Atos’ vast range of solutions, from infrastructure to AI/ML professional services, has enabled the company to become a major player in Edge AI/ML space, particularly Edge Vision. In fact, in 2020, Gartner, a global research and advisory firm, named Atos as an Edge AI Tech Innovator, cited credible sources.

With the recent acquisition, Atos will continue to develop its expertise and novelty in this sector by including over 50 expert professionals with key capabilities in AI-enabled video analytics solutions for mission-critical solutions.

Patrick Heffernan, Principal Analyst and Practice Manager at Technology Business Research, on the matter, was quoted saying that Ipsotek’s portfolio not only brings in important technology components for the developing market of edge-enabled solutions, but it also adds to Atos’ industry-leading consulting value proposals and lines up with major growth industries such as the public sector, manufacturing, retail, transportation, and critical infrastructure.

600+ projects of Ipsotek spanning 38 countries validate the scale and experience of the company and the integration of Ipsotek is likely to be smooth and a constructive effort.

About Atos

Atos is a leader in worldwide digital transformation with over 105,000 employees and annual revenue of over 11 billion Euros. The Group enjoys a dominant position in Europe in terms of cloud, cybersecurity, and high-performance computing, and offers customized end-to-end solutions for all industries across 71 countries.

Atos is an innovator in decarbonization products and services and provides secure and digital solutions to its clients.

Source credits:

https://www.globenewswire.com/news-release/2021/06/01/2239142/0/en/Atos-completes-acquisition-of-Ipsotek.html

About Author

Pankaj Singh

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605

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