Milestone Systems today announces that Andreas Pettersson, who led the cloud-based video software company Arcules, has decided to step down.
Andreas has been part of Arcules from the beginning, when it started as a spin-out from Milestone in 2017, and he led the company through to its merger with Milestone in July 2024. Andreas previously served as Arcules Chief Technology Officer and was appointed CEO in 2018. From 2010 to 2017, he worked for Milestone as Director in Incubation and Ventures.
Entrepreneurial by spirit, Andreas was highly instrumental in growing the cloud video software provider during its start-up and incubation phase. He described his decision to step down as “a bittersweet moment”.
Andreas Petterson said: “This concludes a 14-year chapter in my career. I feel that now is as good a time as ever to try something new. I will forever be grateful to Milestone's founders, the people and the leaders I met along the way. I firmly believe that Arcules stands to gain so much by rejoining Milestone. I’m proud to leave on such a high, and I’ll continue to cheer on Arcules and Milestone from the sidelines.”
Thomas Jensen, CEO of Milestone, thanked Andreas for his many contributions to Arcules and Milestone over the years.
“Andreas has always demonstrated great skill, enthusiasm and a strong understanding of the market. He led Arcules to where they are today and created top-tier, cloud-based video software. While we all hoped Andreas would continue with Milestone, I respect his choice and wish him all the best in his future endeavors,” said Thomas Jensen.
In 2024, it was announced that Milestone and Arcules would merge. The decision to reunite the companies was driven by a shared vision to deliver intelligent, data-driven video technology software that empowers customers to make better decisions and optimize their operations.
Milestone Systems is a leading provider of data-driven video technology software in and beyond security that helps the world see how to ensure safety, protect assets, and increase business efficiency. Milestone enables an open platform community that drives collaboration and innovation in the development and use of network video technology, with reliable and scalable solutions that are proven in more than 500,000 customer sites worldwide. Founded in 1998, Milestone is a stand-alone company in the Canon Group. For more information visit: www.milestonesys.com. For news and other press releases, visit our Newsroom.