Johnson Controls Acquires Smartvue to Add IoT Video Services Platform
The Smartvue platform supports IoT technologies that enable secure video in almost any device to connect with a global Cloud, accessed through an intuitive interface.
Smartvue Corp.'s intellectual property portfolio is said to include more than 800 granted utility patent claims from its nearly 20-year history.
MILWAUKEE — Johnson Controls has acquired Smartvue Corp., a leading Internet of Things (IoT) video services company, for undisclosed terms.
Based in Nashville, Smartvue offers customized video surveillance services and software stacks that can be integrated with or embedded into existing products to help service businesses and hardware manufacturers create new recurring revenue. The service is available for residential and commercial customers in 140 countries worldwide. End customers include telcos, cable companies, security firms, storage providers, device manufacturers, among others.
The Smartvue platform supports IoT technologies that enable secure video in almost any device to connect with a global Cloud, accessed through an intuitive interface. The company’s intellectual property portfolio is said to include more than 800 granted utility patent claims from its nearly 20-year history.
“The addition of Smartvue’s open API cloud architecture to the Johnson Controls portfolio bolsters our ability to provide scalable video as a service in a highly cost effective, fast and secure way,” says David Grinstead, vice president and general manager, security products, Building Technologies & Solutions, Johnson Controls. “This acquisition will only strengthen our potential to more fully harness the power of cloud-based video and provide opportunities for our partners to derive new revenue streams as the industry’s adoption of cloud increases.”
In 2016, Smartvue won the IoT Emerging Company of the Year Award for the Consumer Market at CTIA Super Mobility 2016.
“Smartvue is a trusted name that has made buildings and homes secure, infrastructure more effective, and cities smarter for more than 20 years,” says Martin Renkis, founder and CEO of Smartvue. “Integrating our technology and innovation with Johnson Control’s leadership and global reach will deliver exponential new value to the IoT and security industries.”
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