Panasonic has announced the acquisition of Cameramanager.com, a provider of Video Surveillance as-a-Service (VSaaS) in Europe. The acquisition of the cloud-based company sees Panasonic looking to extend its cloud-based solutions to the business and consumer markets. As part of the acquisition, the Cameramanager.com team will join Panasonic Europe. Laurent Abadie, Chairman and CEO of Panasonic Europe, stated, ‘This acquisition is an important strategic step towards enhancing our smart and connected services offering in the European and CIS market. With Cameramanager.com’s bespoke software and cloud-based solutions complementing our existing security business, we will be able to significantly enhance our presence in this space, by bringing together technical know-how and software skills, equipping us with the necessary assets to respond to future demands in cloud services.’ The service is offered on a subscription basis, and will continue to support devices from other manufacturers to deliver an open platform approach.