Nortek Security & Control purchases IntelliVision

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Wednesday, May 9, 2018

CARLSBAD, Calif.—Nortek Security & Control today announced that it acquired IntelliVision Technologies Corp., a manufacturer of smart cameras, AI and video analytics software based in San Jose, Calif.

“We knew this was something we needed to strengthen in our business and we were very fortunate to be able to work with IntelliVision and work out a purchase of their business,” Mike O’Neal, NSC president, told Security Systems News.

IntelliVision will operate as a wholly owned subsidiary of NSC, according to the announcement. Financial terms of the deal were not announced.

“We’ve been eyeing businesses like this … for a couple years,” O’Neal said. “We did a pretty exhaustive search of available resources that we could add to our business.”

O’Neal placed value on the team at IntelliVision, which consists of about 80 people, many of which are engineers.

O’Neal highlighted the value of the team at IntelliVision. “They have both a very solid team of folks who build the analytics … and then they have a proven capability to actually implement those analytics in products,” he said, adding that IntelliVision has worked with companies including Ring and Netgear, among others.

“They’ve got a proven team that I think can accelerate our ability to transform many of our products in our business and … get us ahead of the game,” said O’Neal.

According to O’Neal, the acquisition will allow NSC to “redefine many of our products, across the entire Nortek Security & Control business, whether they be what we’re doing with garage door openers and gates, whether it be what we’re doing on the AV side, on the home control side, or in the security side. It’ll extend to what we’re doing on the health and wellness side of the business as well. In all of those areas, our products can now take advantage of edge-based analytics.”

Nortek’s focus is on edge-based analytics, as opposed to cloud-based analytics, O’Neal noted.

O’Neal projected that the first major debut of NSC products including elements from IntelliVision will be at CES 2019. “We’ve already got roadmaps laid out with the IntelliVision team to move forward on some of these products,” he said.

“We are thrilled to become part of Nortek Security & Control,” Vaidhi Nathan, IntelliVision CEO, said in a prepared statement. Nathan will stay on to lead video analytics and artificial intelligence development under the NSC umbrella.

Nathan continued, “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.”

IntelliVision’s headquarters are in San Jose, Calif., with an office in Europe and an office in Asia.