"Axis Communications is acquiring FF Group, a provider of license plate recognition technology. The acquisition is intended further to strengthen Axis's position in the traffic market. FF Group has been a partner of the Swedish company since 2017. Axis Communications CEO Ray Mauritsson explains the acquisition. "The market for traffic applications is growing. Acquiring FF Group will strengthen our competitiveness, knowledge, and capabilities in license plate verification," he says."
"FF Group serves customers in more than 30 countries with intelligent software for transportation and security. The solutions detect vehicles traveling at speeds of up to 160 kilometers per hour and process up to 100 cameras per server. The system's accuracy is around 99 percent. The acquisition gives Axis access to edge AI capabilities that extend beyond traffic alone. "FF Group has been a valued partner to Axis since 2017, delivering competitive and innovative applications, as well as expert knowledge," explains Mauritsson. "I'm very pleased to welcome FF Group to Axis." The license plate recognition solutions integrate with platforms such as Genetec Security Center and Milestone XProtect."
Axis Communications is acquiring FF Group to strengthen its position in the traffic market and enhance license plate recognition capabilities. FF Group is Prague-based, founded in 2016, and specializes in license plate recognition with CAMMRA software that runs on Axis cameras and identifies plates, vehicle makes, models, and colors. The company's software combines edge AI, license plate recognition, and camera communication. FF Group serves customers in more than 30 countries, detecting vehicles up to 160 km/h and processing up to 100 cameras per server with about 99% accuracy. An integration process will incorporate FF Group into Axis while focusing on customer continuity. The purchase price is undisclosed.
Read at Techzine Global
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