SAN DIEGO, Feb. 22, 2018 /PRNewswire/ -- Cubic Corporation
(NYSE: CUB) today announced the acquisition of MotionDSP, a leading
provider of advanced image processing software for public safety,
security and government applications. Headquartered in Silicon
Valley, MotionDSP further enhances Cubic Mission Solutions' (CMS)
capabilities in real-time video processing.
MotionDSP enhances the quality of real-time videos, while
servicing a wide variety of industries including military, law
enforcement, oil and gas, forestry, inspection services, energy and
transportation. MotionDSP's solutions include a full suite of
software processing capabilities for video and redaction,
supporting both desktop and cloud deployments.
"We are pleased to welcome MotionDSP and its employees to our
growing Cubic family," said Bradley H.
Feldmann, chairman, president and chief executive officer of
Cubic Corporation. "MotionDSP will be a synergistic addition to our
CMS business as we continue to build on our strategy through
business acquisitions for maximum growth and return to our
shareholders."
"The addition of MotionDSP's technology will enrich our solution
offering," said Mike Twyman,
president of Cubic Mission Solutions. "Also, we look forward to
leveraging MotionDSP's position in Public Safety and other markets
as new growth adjacencies for Cubic."
MotionDSP's software leverages advanced detection, tracking and
geospatial processing capabilities to help users better understand
their videos. MotionDSP solutions improve visual fidelity and
automation of tasks with computer vision algorithms.
About Cubic Corporation
Cubic is a market-leading,
technology provider of integrated solutions that increase
situational understanding for transportation, defense C4ISR
and training customers worldwide to decrease urban congestion and
improve the militaries' effectiveness and operational readiness.
Cubic Transportation Systems is a leading integrator of payment and
information technology and services to create intelligent travel
solutions for transportation authorities and operators. Cubic
Mission Solutions provides networked Command, Control,
Communications, Computers, Intelligence, Surveillance and
Reconnaissance (C4ISR) capabilities for defense, intelligence,
security and commercial missions. Cubic Global Defense is a leading
provider of live, virtual, constructive and game-based training
solutions, special operations and intelligence for the U.S. and
allied forces. For more information about Cubic, please visit the
company's website at www.cubic.com or on Twitter
@CubicCorp.
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SOURCE Cubic Corporation