Palo Alto – November 7, 2019 – WCP is proud to announce that it acted as exclusive financial advisor to Cortexica Vision Systems, a leader in AI, machine learning and computer vision for image and video analysis, in it’s acquisition by Zebra Technologies Corporation. Cortexica, which is focused on creating and turning cutting-edge AI and machine learning research into real-world solutions that make businesses commercially stronger, is the perfect complement to Zebra Technologies Corporation, a leading market innovator that empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge.
Cortexica’s vision-based analytics and AI solutions such as their computer vision AI portfolio includes multiple components of object recognition, image, and video analysis and visual search that drives new user experiences and greater operational efficiencies, gives Zebra an opportunity to enhance it’s next generation offerings.
Additionally, Cortexica enhances the “Sense” and “Analyze” layers of Zebra’s “Sense-Analyze-Act” solution framework through the introduction of new computer vision-based AI that enables Zebra to address a range of emerging use-cases that complement its core portfolio.
“The acquisition of Cortexica further advances our Enterprise Asset Intelligence vision by providing computer vision-based sensing to enable our customers to operate more effectively in increasingly automated, data-powered environments,” said Anders Gustafsson, chief executive officer of Zebra Technologies. “Cortexica’s computer vision expertise provides customers greater visibility into the status of assets at the operational edge of their businesses through vision-based sensing and advanced analytics capabilities.”
Iain McCready, Chief Executive Officer, Cortexica, adds “Cortexica’s talented team members are excited to join Zebra to expand and enhance the company’s ability to continue to innovate with our unique skill sets and thought leadership in the field of computer vision.”
Woodside Capital Partners served as exclusive financial advisor of Cortexica for this acquisition.
Cortexica is a leader in AI, machine learning and computer vision for image and video analysis. Focused on creating and turning cutting-edge AI and machine learning research into real-world solutions that make businesses commercially stronger. http://www.cortexica.com
Zebra (NASDAQ: ZBRA) empowers the front line of business in retail/ecommerce, manufacturing, transportation and logistics, healthcare and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, we deliver industry-tailored, end-to-end solutions that intelligently connect people, assets and data to help our customers make business-critical decisions. Our market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care. Ranked on Forbes’ list of America’s Best Employers for the last three years, Zebra helps our customers capture their edge. For more information, visit www.zebra.com.
About Woodside Capital Partners
Woodside Capital Partners is a global, independent investment bank that delivers world-class strategic and financial advice to emerging growth companies in the technology and healthtech sectors. With a strong track record in M&A, strategic partnerships and private placements, Woodside Capital Partners has been providing worldwide investment banking services since 2001 with leading domain experience in software, Internet services, electronic communications and materials, and healthcare. Woodside Capital Partners is headquartered in Silicon Valley. Securities offered through Woodside Capital Securities LLC, member FINRA/SIPC. For more information, please visit www.woodsidecap.com
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