Canon Acquires Milestone to Make Major Advance in Network Video Surveillance Business

  Canon Acquires Milestone to Make Major Advance in Network Video Surveillance
  Business

Business Wire

MELVILLE, N.Y. -- June 13, 2014

Canon U.S.A. Inc., a leader in digital imaging solutions, today announced
Canon Europe has signed an agreement to acquire Denmark-based Milestone
Systems A/S, a world leading provider of open platform video management
software, via its subsidiary Canon Europa N.V. The new combination will create
a formidable player in the fast growing network video surveillance market by
combining the strengths of Canon’s innovative imaging technology with
Milestone’s best-in-class video management software expertise.

Canon has a clear ambition to drive future growth through diversification and
has identified network video surveillance as a strategic new business area.
Bringing Milestone into the Canon Group will significantly enhance Canon’s
software capabilities in this sector.

Rokus van Iperen, President & CEO, Canon Europe, Middle East and Africa,
explains: “Canon is aiming to take a leadership position in network video
surveillance and we are making an important strategic investment today to
realize our objective to expand in this market. Together with Milestone, we
can accelerate our growth by delivering new advanced products and solutions
for new sectors, through new channels, to offer greater customer value. We are
very excited about working with such a talented and innovative company and we
welcome Milestone into the Canon Group.”

Lars Thinggaard, President & CEO, Milestone Systems: “Milestone is extremely
excited about the huge potential that being part of a global group will
provide. Canon respects how we built our business with our partners and
supports our strategy of providing open platform solutions and therefore the
need to remain a standalone company within the Canon Group. We feel this step
is right for taking both our business and support for suppliers and partners
to a new level.”

Milestone is the world leader in video management software, with strong
consultancy and training services and a major focus on innovation. This
creates strong synergies with Canon’s customer focus and R&D culture. As part
of the Canon Group, Milestone will be able to accelerate its business and
development of new products. In addition, Milestone will be able to use
Canon’s business and consumer channels to expand its global market presence.

Milestone’s successful Open Platform business model is essential to its future
success and Milestone will continue to provide open platform solutions to the
market, while operating as a standalone company within the Canon Group. Canon
fully supports Milestone’s open platform strategy and respects their strong
partnerships.

Following the completion of the acquisition, Milestone’s management will
remain in place and they are committed to making this transition a success.

About Milestone Systems

Founded in 1998, Milestone Systems is the global industry leader in open
platform IP video management software, according to IHS Inc. (formerly IMS
Research). Milestone technology delivers powerful surveillance that is easy to
manage, reliable and proven in thousands of customer installations around the
world. With support for the widest choice in network hardware and integration
with other systems, Milestone provides best-in-class solutions to video enable
organizations – managing risks, protecting people and assets, optimizing
processes and reducing costs. Milestone software is sold through authorized
and certified partners. For more information, visit: www.milestonesys.com

About Canon U.S.A., Inc.

Canon U.S.A., Inc., is a leading provider of consumer, business-to-business,
and industrial digital imaging solutions. With approximately $36 billion in
global revenue, its parent company, Canon Inc. (NYSE:CAJ), ranks third overall
in U.S. patents granted in 2013†and is one of Fortune Magazine's World’s Most
Admired Companies in 2014. In 2013, Canon U.S.A. has received the PCMag.com
Readers’ Choice Award for Service and Reliability in the digital camera and
printer categories for the tenth consecutive year, and for camcorders for the
past three years. Canon U.S.A. is committed to the highest level of customer
satisfaction and loyalty, providing 100 percent U.S.-based consumer service
and support for all of the products it distributes. Canon U.S.A. is dedicated
to its Kyosei philosophy of social and environmental responsibility. In 2014,
the Canon Americas Headquarters secured LEED®Gold certification, a
recognition for the design, construction, operations and maintenance of
high-performance green buildings. To keep apprised of the latest news from
Canon U.S.A., sign up for the Company's RSS news feed by visiting
www.usa.canon.com/rssand follow us on Twitter @CanonUSA.

†Based on weekly patent counts issued by United States Patent and Trademark
Office.

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Contact:

Canon U.S.A. website:
http://www.usa.canon.com
or
Editorial:
Canon U.S.A., Inc.
Melissa Moritz, 631-330-4553
mmoritz@cusa.canon.com
or
For sales information/customer support:
1-800-OK-CANON
 
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