LONDON, June 27, 2017 /PRNewswire/ --
Business is a spin-off from Milestone Systems and based in California
Canon, world-leader in imaging solutions, today announced a new Video Cloud IoT as a Service business based in California called ARCUS Global Inc. Owned by Canon Europe and built on the intellectual property, technology and expertise of Canon Group company, Milestone Systems, ARCUS Global Inc. will address the significant unmet global market demand from large enterprises for Video Cloud IoT as a Service for security and business optimisation.
Rokus van Iperen, President & CEO, Canon Europe, Middle East & Africa, said: "We have identified Network Visual Solutions (NVS) as a key pillar of Canon's future growth and have already made important steps in this space including the acquisitions of Milestone Systems and Axis Communications. Our investment in ARCUS Global Inc. is the latest demonstration of our commitment and strategy to strengthen our position in this rapidly developing market."
Lars Thinggaard, President & CEO, Milestone Systems, said: "We are proud to deliver the technology and know-how that ARCUS Global Inc. will use as their foundation. The spin-off allows us to continue to grow Milestone's leadership position within on premise and private cloud video management solutions, where we continue to increase our investments."
Lars Nordenlund Friis, CEO of ARCUS Global Inc., said: "We are excited to launch our new company today and to introduce Video Cloud IoT as a Service not currently offered to the global enterprise market. We have a clear competitive advantage by drawing on the strengths of Milestone Systems and partnering with global leaders in public cloud infrastructure and IT technology. To maximise that advantage, we're basing ourselves in California and we are now on a major recruitment drive to bring new highly-skilled employees into the business."
The new company will target an addressable global public cloud video management services market that is estimated to be worth between $10 & $20 billion by 2021*.
For more information regarding available job vacancies at ARCUS Global Inc., please click here: http://www.arcusnext.com
About Canon Europe
Canon Europe is the EMEA arm of Canon Inc., a global provider of imaging technologies and services, and one of the world's most well-recognised and loved brands. Canon Europe has operations in around 120 countries, employs approximately 19,000 people across the region, and contributes about a third of Canon's global revenues annually.
Founded in 1937, Canon has been a leading name in imagery for the past 80 years, and is dedicated to helping people constantly re-imagine what is possible through imaging. From cameras to commercial printers, business consultancy to healthcare technologies, Canon enriches lives and businesses through imaging innovation.
Canon is growing the positive power of imaging technology and services. By delivering social and environmental benefits through our people and products, we are powerfully demonstrating our commitment to our philosophy of Kyosei: living and working together for the common good.
Further information about Canon Europe is available at: http://www.canon-europe.com
SOURCE Canon Europe