In this Research Note, we examine the Milestone Systems Video Management Software (VMS) business. This analysis of their 2023 financial highlights, growth strategy, and M&A is based on Canon’s 2023 Results Presentation 30 January 2024, Milestone Systems 2023 Annual Report and Memoori analysis. Milestone Systems Profile Headquartered in Brøndby, Denmark, Milestone Systems A/S is a provider of data-driven video technology software. The company enables an open platform community that drives collaboration and innovation in the development and use of network video technology, with solutions that are proven in more than 500,000 customer sites worldwide. Founded in 1998 and acquired by the Canon Group in 2014, Milestone operates as a stand-alone company, present in 25 countries and employing around 1,300 people. Sister companies acquired by Canon’s video surveillance business line include Axis Communications, Arcules, and BriefCam. Milestone 2023 Financial Highlights Net revenue: 1.69 billion DKK (€226 million), an increase of 13.4% year-over-year. Pre-tax profit: 109.9 million […]
Stay ahead of the pack
with the latest independent smart building research and thought leadership.
Have an account? Login
What Exactly Do you Get?
- Access to Website Articles and Notes. Unlimited Access to the Library of over 2000 Articles Spanning 10 Years.
- 10% discount on ALL Memoori Research reports for Subscribers!
- Industry-leading Analysis Every Week, Direct to your Inbox.
- AND Cancel at any time
