World Group, Inc., a Telecom and cybersecurity company with proprietary technologies developed to protect individuals and enterprises from cybersecurity threats, announced today it has completed the acquisition of an initial 26% of INSTAVIEW (“INSTAVIEW”), an emerging technology company in the field of AI-based image processing systems, thermal cameras, home and enterprise security, livestock tracking and control appliances plus much more.

Giora Rosenzweig, CEO of WHEN Group, said, “The acquisition of a significant equity interest in INSTAVIEW is an important milestone in the evolution of WHEN Group and provides us with a strong foothold in the security market. The technological synergy between WHEN and INSTAVIEW should provide us with an unparalleled advantage over other players in the residential and enterprises AI security markets.”

Rosenzweig continued, “Our goal has been to increase revenues and operations to build shareholder value. With this new acquisition, our years of development finally will be able to reach every household and change the way of life for each and every one of us.”

Simon Levy, Founder of INSTAVIEW, commented, “The unparalleled synergy between INSTAVIEW and WHEN Group marks the beginning of the revolution of the home and enterprise security market, which is estimated to be $120 billion in 2022 and projected to grow at a compound annual growth rate of 8% through 2030.”

Yohan Abuhazira, CEO of INSTAVIEW, added, “INSTAVIEW provides innovative and comprehensive security solutions based on an AI processing system. Together with WHEN Group, we plan to upgrade dramatically the level of security in the relevant needed markets and to access WHEN's platforms to reach a large range of households, small and medium business, farms, and elderly housing in the US, Poland and other locations worldwide."

 

Source: globenewswire.com

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