Panasonic Corporation has acquired Video Insight
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Panasonic Corporation (“Panasonic”) has acquired all shares of Video Insight, Inc. (“Video Insight” or the “Company”), a leading developer of video management software, as part of its strategy to expand business opportunities in the education market in North America. Based in Houston, Texas, and founded in 2002, Video Insight provides enterprise-class video management solutions for security systems to over 25,000 customers in the financial, government, retail and transportation sectors, as well as 6,500 schools and campuses.
Panasonic has set a clear target of reaching 10 trillion yen in sales by 2018, and B2B solutions, including security systems and video surveillance, will play an important part in achieving this high growth globally. As customer needs in the video surveillance market become more diversified, video management software with the ability to easily integrate multiple devices will become even more important. Adding Video Insight’s enterprise-class video management software to Panasonic’s portfolio of security solutions enhances its product offering and broadens its reach into the education market.
Lincoln acted as the exclusive financial advisor to Panasonic, working closely with management throughout the acquisition process by coordinating due diligence, advising on negotiations and supporting the process.
J. Robert Shaw, CEO of Video Insight, said, “We’re excited and honored to partner with the Panasonic Group. We believe this partnership will help us accelerate innovation, enhance product development and allow us to provide our customers with better security solutions for years to come.”
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