Merger Announcement: Milesight, Ursalink and Yeastar Become One
Published Time : [2020/12/17] Read : 
Milesight, Ursalink and Yeastar announce merger to expand the footprint from video surveillance to AIoT and communications industries. The combination will create an unparalleled product portfolio and empower the next-generation smart solutions with the value of AIoT.
Xiamen, China (December 17th, 2020)-Milesight Technology Co., Ltd. the best-in-class IP surveillance solution provider who manufactures products with superior image quality, exceptional flexibility and reliability for the global market, announced it has completed the merger with Ursalink, a professional IoT company, and Yeastar, an experienced provider of Unified Communications (UC) solutions.
Milesight, Ursalink and Yeastar were sister companies specializing respectively in video surveillance, Internet of Things and business communications. Following the merger, Milesight and Ursalink will operate as one under Milesight brand, and they are now Milesight Technology Co., Ltd., and Milesight IoT Co., Ltd., while Yeastar will operate independently under the Yeastar brand.
Milesight believes that the merger will provide perfect complementary to each others’ businesses and customer base. “Combing AI with IoT, Milesight is going to step further in AIoT industry with next-generation smart solutions,” said Leon Jiang, Vice President of Milesight Technology. “Being the core base, video surveillance system extends the power of AI deep learning & IoT technologies to get the huge amount of data collected, connected and integrated. We believe AIoT will achieve a more efficient and intelligent world in the near future.”
“IoT is transforming the way we interact with our devices at home, at work, and throughout our cities. It’s empowered by AI, 5G networks and big data,” said Alan Shen, President of Milesight IoT | Former President of Ursalink. “We’re happy to join our sister company - Milesight to grow together as one and brand Milesight towards the same goal. For the next step, we will serve our customers with the support and rich resources provided by Milesight and more amazing things can be expected soon.”
“Unified Communications has always been an essential enabler for digital transformation as it modernizes the workplace. The growing adoption of UC and rapid shift to workforces that are remote and home-based prove that businesses now yearn for an engaging workplace that breaks the constraints of communications,” Prince Cai, Vice President of Yeastar. “The combination of UC, AI, IoT has the potential to reinvent the digital workplace, where things can be better connected via cloud technology and people can work smarter and communicate more effectively.”
About Milesight IoT (Formerly Ursalink)
Established in 2017, Ursalink is a professional IoT company that leverages the top trending technologies to simplify the process of data collection, storage and retrieval in order to accomplish the goal: connecting "things" to the Cloud. Learn more at: www.milesight-iot.com
Yeastar provides cloud-based and on-premises VoIP PBXs for SMEs and delivers Unified Communications (UC) solutions that connect the workforce and clients more efficiently. Founded in 2006, Yeastar has established itself as a global leader in the industry with a worldwide network of value-added distributors and resellers and over 200,000 customers. Yeastar customers enjoy the easy-to-own and easy-to-manage communications solutions that have been consistently recognized for high performance and innovation. Learn more at: www.yeastar.com
About Milesight Technology
Milesight, established in 2011, is a high-tech company specializing in the design and manufacture of best-in-class video surveillance solutions with superior image quality, exceptional flexibility and reliability for the global market. Milesight markets its products through a worldwide network of distributors and resellers, offering excellent pre/after-sales and technical support services that exceed customers' expectations. Learn more at: www.milesight.com