Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI based edge video analytics, IoT technologies, and cybersecurity, today announced it has completed the acquisition of the tech stack of SeeQuestor Limited (“SeeQuestor”), a global provider of video analytics technology.
The completion of this strategic and highly complementary acquisition of SeeQuestor’s technology will accelerate the delivery of hybrid video analytics at the edge across the industry and enable Gorilla to offer more integrated services and thus obtain stronger competitive advantage.
“The acquisition brings together SeeQuestor’s best-in-class real-time and post-event analytics and Gorilla’s own capabilities. Our customers, both in the public and private sectors, can benefit from a more holistic product offering available both on cloud and on premise,” said Jay Chandan, Chairman and CEO of Gorilla. “We believe SeeQuestor’s technology will allow us to provide a more cost-effective, one-stop solution to our customers along the path of their digital transformation. Moreover, it offers us an immediate gateway to new markets in Europe, the Middle East, and North America, which will be crucial to our global expansion efforts. I am incredibly pleased with the addition of the SeeQuestor technology to our platform.
“As both Gorilla and SeeQuestor are striving to achieve the mission of building a safer and smarter society empowered by top-notch video analytics solutions, we believe this acquisition will help Gorilla integrate additional supply chain capabilities to suit the demand of a larger customer base by delivering more comprehensive solutions,” Chandan added.