Nortek Security & Control LLC (NSC), a company that specializes in smart connected devices and systems for security, access control and digital health markets, has announced the acquisition of San Jose CA-based IntelliVision Technologies Corp., a pioneer in Artificial Intelligence, smart cameras and deep-learning-based video analytics software. IntelliVision will operate as a wholly owned subsidiary of NSC, and will continue to support its customers and products.
“This acquisition is a great fit for us,” NSC President Mike O’Neal said. “The IntelliVision team brings incredible strengths from which we will together build rich, future-ready solutions, with intelligence that will transform the NSC product line. This will extend our leadership position in security, automation and entertainment technology, with significant benefits for our partners and customers.”
IntelliVision AI and video analytics solutions provide actionable insights for security and monitoring in smart enterprise and smart city applications, as well as business intelligence for smart enterprise and smart retail. According to NSC Executive Vice President of Marketing and Innovation Joe Roberts, IntelliVision technology will be embedded in key NSC products and systems. “The video analytics and AI technology will empower us to offer incredibly personalized control and automation solutions, and will add significantly to our security platforms,” Roberts said. “This will create important new benefits for our dealers and exceptional experiences for the end-users of our products.”
“We are thrilled to become part of Nortek Security & Control,” IntelliVision CEO Vaidhi Nathan said. “We now have the support and resources of a major market-leader. Plus, integrating IntelliVision’s AI and video analytics technologies into NSC’s security, control and entertainment platforms will create clear leadership advantages in the markets we collectively serve.” Nathan will stay on to lead video analytics and artificial intelligence development under the NSC umbrella.