Digital Barriers is seeking to deepen its presence in the video analytics and facial recognition sectors, following completion of a 90% management buyout (MBO) on 31 October.
The MBO was supported by UK-based Volpi Capital, putting Digital Barriers under private ownership. Its video and biometrics activities are now entirely separate from the ThruVision terahertz imaging business.
“We wanted to focus on our core business, which is video analytics, video streaming, and facial recognition,” said solutions director Marie Clutterbuck.
Digital Barriers expects its annual revenues to exceed GBP50 million (USD67 million) in 2017, more than double the total for 2016, following the award of licences for its facial recognition technology in the automotive sector.