Axis Communications acquires Cognimatics

RetailME Bureau

Intelligent security solutions Axis Communications has acquired Cognimatics, a Swedish company offering store optimisation solutions targeting the retail sector.

Cognimatics’ technology is used for people counting, queue measurement and occupancy estimation. The company offers a suite of video analytics applications that can be used to provide retailers with insightful behavioural intelligence to help optimise operations, improve customer experience and enhance security and safety.

“Cognimatics’s 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’s 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,” says Axis Communications CEO Ray Mauritsson.

The addition of Cognimatics’ knowledge and technology will strengthen Axis’s solution offerings in the fast-growing retail market.