The common objective of the two companies is to jointly become a leading provider video Surveillance-as-a-Service across Europe.
AddSecure, a leading European provider of premium IoT solutions with a focus on secure critical communications and data, announced today that it has completed the acquisition of International Security Group GmbH, a leading German innovator in technology-driven video Surveillance-as-a-Service.
Closing of the acquisition follows the announcement on November 24, 2020 of AddSecure’s intention to acquire ISG. By entering and capturing market share in the fast-growing video surveillance market, the investment supports AddSecure’s ambitious growth strategy.
AddSecure creates new business area Smart Surveillance
ISG provides a comprehensive portfolio of mobile video surveillance solutions marketed as Video Guard to customers within industries such as construction, logistics and infrastructure. The common objective of the two companies is to jointly become a leading provider of video Surveillance-as-a-Service across Europe.
The demand for video surveillance in both business and the public sector is growing significantly, as many organizations are expected and required to have a certain level of security and monitoring measures.
Stefan Albertsson, CEO of AddSecure, says: „I am very excited to welcome ISG to the AddSecure family. With ISG’s market leading solutions, we are strengthening our offering and taking an important step by setting up the new business area, Smart Surveillance. Video Surveillance-as-a-Service presents compelling future growth opportunities and the solution is ideally suited for internationalization and new use cases.”
Jörn Windler, Managing Director of International Security Group, says: “For us the acquisition is an opportunity to join an expansive European provider. With AddSecure as owners, ISG can continue to grow and evolve in Europe.”
With the acquisition now closed, ISG’s Managing Director Jörn Windler will continue to lead the ISG team, reporting to the CEO of AddSecure, Stefan Albertsson.