Avigilon Corp.

Avigilon Corp.: VideoIQ is a seven-year-old company based in Billerica, Mass., a suburb of Boston, with 30 employees and 23 patents granted or pending, according to Huffington Post. "The acquisition will give us sophisticated, commercially proven analytics technology supported by one of the leading analytics development teams in the industry." VANCOUVER - Avigilon Corp. TSX:AVO says it will pay US$32 million in cash to buy VideoIQ Inc. with plans to eventually integrate the company's real-time analytics technology into Avigilon's own high-definition surveillance products. "VideoIQ's analytics solution complements Avigilon's innovative line of products," Alexander Fernandes, Avigilon's president and CEO, said in a statement Tuesday. (www.immigrantscanada.com). As reported in the news.