Cisco Systems, a multinational technology conglomerate, has recently announced the acquisition of Modcam, a Swedish video analytics provider, for an undisclosed sum.
According to senior VP & general manager of Meraki business at Cisco, Chris Stori, the recent deal will significantly enhance the MV smart security camera line of Cisco. The deal will also allow the company to partner with the highly talented team at Modcam with expertise in ML (machine learning), computer vision, & cloud-managed cameras.
The technology of Modcam can specifically be adopted for precision positioning and journey pathing that will help offer insights to users to efficiently plan out the physical spaces. On the other hand, the capabilities of the Meraki MV smart camera of Cisco include ML-based object detection as well as motion detection.
The integration of Modcam’s technology in the Cisco Meraki smart camera line is reportedly expected to help expand more information and ML across various cameras. The analytics can power new use cases, which will be beneficial for use especially during this current situation where several businesses are struggling to bounce back from the COVID-19 crisis. It will also allow retailers to gain insights on products of interest and check out the wait times. It also will enable facility managers to monitor and measure occupancy & room usage.
Mr. Stori further added that the technology of Modcam will aid Cisco in combining the micro-level information, which will enable several cameras to offer a macro-level view.
In 2019, the former Meraki General Manager & current senior VP and general manager of enterprise networking & cloud division of Cisco, Todd Nightingale, had reportedly cited that the company’s MV camera line has been the most successful launch of Meraki to date. Currently, the Cisco channel partners have gained access to sell these MV smart cameras.
Following the recent acquisition, the employees of Modcam have joined the team at Cisco Meraki. Founded in 2013, Modcam has reportedly raised funds worth $7.6 million. Cisco purchased Meraki for $1.2 billion in 2012.