Tyco Bolsters Video Portfolio With IntelliVid Acquisition
Tyco Int’l has acquired the assets of IntelliVid®, a developer of retail-focused intelligent video analysis solutions, to add to its American Dynamics® portfolio of video security technologies. Terms of the deal were not disclosed.
Privately-held IntelliVid has provided its retail customers with business intelligence applications that utilize video analytics for loss prevention, customer safety, compliance and merchandising since 2003.
“We are continuing to invest in our American Dynamics brand of video solutions through R&D and acquisitions,” says Don Lyman, vice president and general manager of Tyco’s access control and video systems business unit. “We are pleased to add IntelliVid’s advanced video analytics, which should significantly improve our offering to key markets, including retail.”
The acquired assets include IntelliVid’s complete line of Video Investigator® solutions, point-of-sale (POS) accelerators and computer-aided tracking software. The new solutions will leverage American Dynamics VideoEdge® technologies, allowing recorded video to be used for real-time and forensic theft prevention and store intelligence solutions. Future releases will include integration with Intellex® digital video management systems.
“IntelliVid’s patented technology complements our existing portfolio of high-performing video solutions and allows us to quickly deliver effective video analysis solutions to the market,” says Chuck Hutzler, vice president of R&D for American Dynamics solutions. “Our retail customers should realize significant return on investment by transforming video technology into useful operational information.”
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