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Axis buys Cognimatics to reinforce its Retail footprint

Axis CommunicationsAxis Communications announces the successful acquisition of a Swedish company named Cognimatics – company into store optimization solutions targeting the retail sector. The strategic procurement is sought to empower Axis Communications’ retail footprint.

Cognimatics’ technology is known to be used for people counting, queue measurement and occupancy estimation and leverages a suite of video analytics applications.

“Cognimatics’ products are well-known with a successful track record in the retail sector, and complement our solutions in that market. Their commitment to developing innovative and easy-to-use products is consistent with Axis’ approach to provide the highest value solution for a range of customer needs. We are excited to be able to offer our partners and end users solutions that act as a natural complement to their existing Axis solutions,” said Ray Mauritsson, CEO at Axis Communications.

Axis Communications and Cognimatics have cooperated for several years on both engineering and sales to provide integrated solutions to a number of mutual customers.

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