Acquisition Aligns Computer Vision AI Solutions with Zebra’s Enterprise Asset Intelligence Vision
Zebra Technologies Corporation , an innovator at the edge of the enterprise with solutions and partners that enable businesses to gain a performance edge, announced that it has acquired Cortexica Vision Systems Ltd., a London-headquartered leader in business-to-business (B2B) computer vision-based artificial intelligence (AI) solutions. Financial terms of the acquisition were not disclosed.
“The acquisition of Cortexica further advances our Enterprise Asset Intelligence vision by providing computer vision-based sensing to enable our customers to operate more effectively in increasingly automated, data-powered environments,” said Anders Gustafsson, chief executive officer of Zebra Technologies. “Cortexica’s computer vision expertise provides customers greater visibility into the status of assets at the operational edge of their businesses through vision-based sensing and advanced analytics capabilities.”
Cortexica enhances the “Sense” and “Analyze” layers of Zebra’s “Sense-Analyze-Act” solution framework through the introduction of new computer vision-based AI that enables Zebra to address a range of emerging use-cases that complement its core portfolio.
“Cortexica’s talented team members are excited to join Zebra to expand and enhance the company’s ability to continue to innovate with our unique skill sets and thought leadership in the field of computer vision,” said Iain McCready, chief executive officer, Cortexica.
This press release contains forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, the statements regarding the company’s outlook and the ability to complete the acquisition of Cortexica. Actual results may differ from those expressed or implied in the company’s forward-looking statements. These statements represent estimates only as of the date they were made. Zebra undertakes no obligation, other than as may be required by law, to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason after the date of this release.
Zebra empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, we deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Our market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care.