Acquisition of EagleSoft brings Artificial Intelligence (AI) and Machine Learning (ML) to the Asset Vision Platform
We are pleased to announce the strategic acquisition of EagleSoft, an Intelligent Data Capture Platform that automatically detects both road defects and asset inventory using Artificial Intelligence (AI) and Machine Learning (ML).
EagleSoft is one of a limited number of technology companies globally to have successfully built and implemented an Intelligent Data Capture Platform that automatically detects both road defects and asset inventory using Artificial Intelligence (AI), Machine Learning (ML), Deep Learning (DL) and Neural Network (NN) techniques from High-Definition video footage. This capability can extend to other point and linear asset types, with EagleSoft working to introduce this automated analysis capability into other sectors in the transport industry.
EagleSoft’s technology solution accelerates Asset Vision’s Roadmap to build the world’s first Intelligent Asset Management (IAM) Platform for Transport. For our existing and future customers, it means a more efficient and cost-effective means of analysing road conditions, making it possible to optimise planning, repair roads faster and improve road safety for the community.
EagleSoft’s Managing Director, Chris Mahoney along with Managing Partners, Babak Bigdeli and Ebrahim Heydarnia, will head up EagleSoft’s ongoing operations, which will include accelerating Asset Vision’s roadmap and integrating EaglEye seamlessly into our “world first” IAM Platform for Transport.
Mr Mahoney commented – “Providing Asset Vision’s existing clients with the ability to leverage and integrate our EaglEye solution with Asset Vision’s Intelligent Asset Management Platform gives us the ability to significantly grow our revenue base as we move from successful trials to full commercialisation. While we will continue to service existing and new clients who use their own asset management tools, integrating our solution into Asset Vision is a natural progression and our team is excited by that and the opportunities that lie ahead.”
Damian Smith – Asset Vision’s Founder and CEO commented – “Our goal to be the number one Intelligent Asset Management Platform for Transport globally has always required a robust and automated solution to handle intelligent data capture through the use of AI and ML. It is crystal clear that this is where the future is headed, and this acquisition positions Asset Vision as a true leader in this space. Innovating and thinking differently is part of our DNA, and this is an exciting time for our people and our clients.”
Read the full announcement on the EagleSoft acquisition here:
https://futurefirsttech.io/_files/av-esa.pdf
Asset Vision Co Limited (ASX:ASV)
Head Office:
Melbourne Suite 4,
799 Springvale Rd,
Mulgrave, Victoria,
3170, Australia.
Brisbane Office:
123 Eagle Street,
Brisbane, 4000,
Australia.
