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Slide #44. Avigilon Corporation — VideoIQ
Avigilon Corporation (AVO.CA)
Avigilon Corporation ("Avigilon") (TSX: AVO), a leader in high-definition (HD) surveillance solutions, today announced it has signed a definitive agreement to acquire the video analytics company VideoIQ, Inc. ("VideoIQ") for cash consideration of US$32 million. The transaction is expected to close in early January 2014.
Avigilon is engaged in the design, manufacturing and marketing of high-definition and megapixel network-based video surveillance systems and equipment for the global security market. The components of Co.'s system include: Co.'s Control Center video management software with High-Definition Stream Management technology, which is available in Core, Standard and Enterprise versions to suit all levels of applications; the industry's range of high-definition internet protocol cameras, with resolutions ranging from 1MP to 29MP; recording hardware; and system accessories, such as lenses, camera enclosures and joystick/keyboard controllers.
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