MTS to acquire VisionLabs for $95m.

MTS, a mobile operator, agreed to acquire VisionLabs, a biometrics company, for $95m. “With MTS AI, we are creating a powerful center of excellence in artificial intelligence, which will bring together strengths across people, expertise, and product development. The acquisition of VisionLabs will reinforce our AI product portfolio in the promising computer vision space, which will enable us to further enhance the potential of the MTS digital ecosystem, as well as deliver world-class solutions for corporate clients in both Russia and abroad,” Viacheslav Nikolaev, MTS President and CEO.