Axis Communications, the network video product company, has announced the acquisition of Cognimatics, a company offering software for the retail sector.
Cognimatics’ technology is for example used for people counting, queue measurement and occupancy estimation. Ray Mauritsson, CEO at Axis, says: “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.”
Founded in 2003, Cognimatics is a privately owned Swedish company, based in Lund (like Axis), with 12 employees. The company offers video analytics applications that can be used to provide retailers with behavioral intelligence. Axis Communications and Cognimatics have cooperated for several years on engineering and sales to provide integrated solutions to a number of mutual customers. Cognimatics serves customers in more than 70 countries via distributors and integrators.
