On June 3, 2016, Axis Communications acquired Cognimatics, a video analytics provider for retail applications such as people counting, queue measurement and occupancy estimation. On April 30, 2021, Axis Communications announced that it was selling Citilog, citing challenges in finding 'desired synergies because of our different go-to-market models.' On May 30, Axis Communications acquired 2N Telecommunications, a provider of IP intercom systems based in the Czech Republic. On February 1, 2016, Axis Communications acquired Citilog, a video analytics provider for traffic and transportation security and safety applications. In November 2018, Axis Communications was delisted from Nasdaq Stockholm. Canon's network cameras are now sold and supported by Axis Communications in the EMEA (Europe, the Middle East and Africa) region and in North America since Septemand October 1, 2016, respectively. While Canon is the majority shareholder, Axis is run independently. On February 10, 2015, Japanese multinational corporation Canon Inc., which specializes in the manufacture of imaging and optical products, announced a cash bid of 23.6 billion Swedish kronor (US$2.83 billion) to acquire Axis Communications. In 2008, Axis Communications announced together with Bosch and Sony that the companies will cooperate in order to standardize the interface of network video products and form a new industry standards body called ONVIF (Open Network Video Interface Forum). In 2003, the company introduced the AXIS 205, the then smallest network camera. This was followed in 1999 by the AXIS 2100 which was the first volume product using an embedded Linux. In 1996, Axis Communications introduced the industry's first network camera, the AXIS 200. By 1995, Axis Communications opened sales offices in Hong Kong, Singapore, and Tokyo, Japan. In 1995, the company introduced a file server independent, multi-protocol CD-ROM server, supporting TCP/IP (NFS) and Windows (SMB), for Ethernet networks, the AXIS 850. In 1993, the company developed its own CPU Architecture, ETRAX CRIS, for microprocessors used in embedded devices. In 1991, Axis Communications introduced a multi-protocol print server supporting both TCP/IP and NetWare. Axis 5600/5800 Print Server was the type of product that made inroads to a strong expansion of Axis business in the 1990s and early 2000s.

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