Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
share
Email Facebook Twitter Google+ LinkedIn Comments

Xped Acquires Computer Vision Copmpany Jemsoft

Industrial Photonics
Jul 2017
MELBOURNE, Australia — Internet of Things technology developer Xped Ltd. has acquired artificial intelligence and computer vision company Jemsoft Pty Ltd.

The acquisition aims to bring additional technical expertise and required resources to Xped’s software team while reducing external contractor expenditure. In addition, the experience of key Jemsoft management personnel, retained as part of the acquisition, aims to enhance Xped's delivery to market of current and future innovation and commercialization projects.

Xped will gain 100 percent ownership of Jemsoft Pty Ltd. and 51 percent of Media Intelligence Co. Consideration for the transaction will be 50 million Xped shares and $200,000 in cash. Media Intelligence Co. has existing licensing agreements in place and is self-funded.

The Jemsoft Group is headed by Jemsoft Pty Ltd. Jemsoft has delivered several artificial intelligence- based projects in a number of industries from hardware solutions, security, computer vision and machine learning solutions.

Xped develops technology that allows any consumer to connect, monitor and control devices and appliances.

GLOSSARY
artificial intelligence
The ability of a machine to perform certain complex functions normally associated with human intelligence, such as judgment, pattern recognition, understanding, learning, planning and problem solving.
BusinessXpedJemsoftacquisitionsInternet of Thingsartificial intelligencemachine visionAsia-PacificindustrialBusiness News

Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2017 Photonics Media
x Subscribe to Industrial Photonics magazine - FREE!