Thursday, August 27, 2009

Alcatel-Lucent Shanghai Bell Sells Video Surveillance Business to Vimicro

Alcatel-Lucent Shanghai Bell has agreed to sell its Video Surveillance System (ViSS) to Vimicro Electronics Corporation for an undisclosed sum. Vimicro Tianjin will acquire the complete ViSS business including all property, plant and equipment, inventories, business contracts, intellectual property and service and development capabilities in China. Moreover, Vimicro and ASB will continue to cooperate in the future.

ViSS is a leading security and surveillance solution addressing the needs of telecom operators and local governments in China. As part of ASB, ViSS has been well established as the business platform for unified surveillance, storage and management solutions utilizing a broadband network infrastructure to connect independent monitoring sites across a broad geographical area. Applications include the monitoring needs of city roadways, airports, shopping centers, banks, schools, and other large facilities.

The acquisition is expected to be closed in September of 2009.

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