Cisco Announces Acquisition of Modcam

At Cisco Meraki, we strive to create products that solve our customers’ problems. With our MV smart camera portfolio, we have eliminated the problems of infrastructure cost and complexity that were prevalent in legacy systems. At the same time, we have simplified day-to-day physical security operations, while raising the bar for digital security. Importantly, we have done this all while keeping an eye on the future; a future where integrated analytics will be included in every camera at no additional cost.

This evolution of security cameras to smart cameras has resonated with every customer I have spoken to. We know that less than 1% of the video our MV smart cameras capture is actually watched. One of the questions we ask ourselves is, how do we extract value from the 99% that no one ever sees? And in these challenging times, it becomes even more critical that we can offer solutions that deliver valuable outcomes for our customers.

For this reason, I am pleased to announce the acceleration of this evolution through Cisco’s acquisition of Modcam, a privately held, video analytics company headquartered in Malmӧ, Sweden. In acquiring Modcam, Cisco is investing in a team of highly talented engineers who bring a wealth of expertise in machine learning, computer vision and cloud-managed cameras. […]