Vaxtor’s OCR analytics technology is used in the automated capture of e.g., letters, numbers, barcodes or other machine-readable data. It enables such information to be recorded and processed cost-effectively at high speed and to trigger related processes. OCR technology is a door opener in deep learning in the vertical target markets defined by MOBOTIX, e.g., in the application of license plate recognition and beyond – in the commercial sector for the recognition of containers, vehicles and airplanes or the monitoring of supply chains, and others. Vaxtor’s proven software is highly accurate (99% recognition rate) and reliable.
With 100% in-house development, their technical vision, expertise, continuous R&D investment and product quality have secured year-on-year growth and healthy operating profits. Vaxtor has a broad global customer base, in 50 Countries, and partners with most of the relevant players in the industry, delivering both camera agnostic and at the edge video analytics in various sectors.
The acquisition offers extensive commercial and development possibilities and synergy effects, in particular the opportunity for close development collaboration, all of which will allow both companies to address emerging growth markets or future requirements more effectively.
Juan Vercher, CEO and founder of Vaxtor, said:
“Acuity has been effective, professional and patient along the whole process with a smooth interaction between the buyer and us. They’ve also been extremely helpful preparing and consolidating the huge amount of documentation required during the due diligence period, something totally impossible to handle by ourselves alone. I’ll count on Acuity in future deals where I’m involved, definitively.”
Brian Snelling, Director at Acuity, commented:
“I am delighted to have worked with Juan and the Vaxtor team to deliver a great result in a strategic transaction with enormous potential to catalyse growth. We wish Vaxtor well as it enters the next phase of its ambitious growth strategy.”
Richard Baker, Managing Partner at Acuity said:
“The acquisition of Vaxtor by MOBOTIX highlights Acuity’s expertise as a European mid-market technology sell-side advisor. This transaction is another addition to Acuity Advisors’ strong credentials in the software and deeptech sectors, I am delighted that Brian and the rest of the Acuity team have achieved this result for our client.”