Gorilla Technology Group completes asset acquisition

Taipei, Taiwan and New York, January. Jan. 18, 2023 (GLOBE NEWSWIRE) — Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of artificial intelligence-based edge video analytics, IoT technology and cybersecurity, today announced that it has completed the acquisition of global provider SeeQuestor Limited (“SeeQuestor”) ”) tech stack acquisition or video analytics technology.

Completing this strategic and highly complementary acquisition of SeeQuestor technology will accelerate the delivery of hybrid video analytics at the edge across the industry and enable Gorilla to offer additional integrated services for an even stronger competitive advantage.

“This acquisition brings together SeeQuestor’s best-in-class real-time and post-event analytics with Gorilla’s own capabilities. Our customers, both public and private, can benefit from a more comprehensive offering in the cloud and on-premises,” said Gorilla Chairman and CEO Jay Chandan said. “We believe that SeeQuestor’s technology will enable us to provide more cost-effective one-stop solutions to our customers on their digital transformation journey. Furthermore, it provides us with a direct gateway to new markets in Europe, the Middle East and North America , which is critical to our global expansion efforts. I am very excited about the addition of SeeQuestor technology to our platform.

“As both Gorilla and SeeQuestor work towards our mission of building a safer, smarter society empowered by best-in-class video analytics solutions, we believe this acquisition will help Gorilla integrate additional supply chain capabilities to serve larger customers provide a more comprehensive solution to the needs of groups,” Chandan added.

About Gorilla Technology Group Inc.

Headquartered in Taipei, Taiwan, Gorilla is a global solution provider in the fields of Security Intelligence, Network Intelligence, Business Intelligence and IoT technologies. Gorilla develops a broad range of solutions including smart cities, smart retail, enterprise security and smart media. In addition, Gorilla provides a complete security convergence platform for government agencies, telecommunication companies and private enterprises, providing network monitoring and network security.

Gorilla focuses on providing leading technology, professional services and precise delivery, ensuring to provide first-class, intelligent and powerful edge artificial intelligence solutions, enabling customers to improve operational performance and efficiency. With the continuous development of the core technology, Gorilla will provide edge artificial intelligence solutions for managed service providers, distributors, system integrators and hardware manufacturers.


About SeeQuestor Limited

Headquartered in London, UK, SeeQuestor Limited is a global leader in video analytics, using world-leading artificial intelligence technology and supercomputing power to turn terabytes of CCTV video into actionable intelligence. iCCTV is SeeQuestor’s flagship real-time product that allows automatic monitoring of thousands of cameras on a unified platform to perform unified multiple analysis.

seequestor.com website

Important information and where to find it

This press release shall not constitute an offer to sell or exchange, nor shall it constitute a solicitation of an offer to buy or exchange any securities, nor shall there be any sale of any securities in any jurisdiction prior to such offer, sale or exchange It would be unlawful to register or qualify under the securities laws of any such jurisdiction.

forward-looking statement

This press release contains forward-looking statements based on estimates, assumptions and expectations. Actual results and performance may differ materially from those expressed or implied in the forward-looking statements. Gorilla disclaims any obligation to update any forward-looking statement, except as required by law.

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