Digital surveillance provider Visual Management Systems Inc. (VMSY) has obtained substantially all the assets of Intelligent Digital Systems (IDS), a manufacturer of enterprise surveillance software based in West Islip, N.Y.
The companies entered into a joint venture to gain approval of patent applications formerly held by IDS. The acquisition has granted VMSY an exclusive license to use the technology for applications in the manufacture, distribution, integration and installation of digital video surveillance devices.
The acquisition will allow VMSY to market to industrial, enterprise, municipal and government surveillance users, and position the company to increase top line revenues of its PDG subsidiary.
“Entering new channels and expanding to enterprise-level customers has always been a key element of our business plan,” says Jason Gonzalez, president and CEO of VMSY. “We are now better positioned to address the needs of enterprise and government security markets, and further assist our commercial users with operational performance gains in traditional safety and security.”
IDS’ proprietary TechEye® software, trademarks and patent applications also serve to increase VMSY’s intellectual property portfolio. In addition to new releases of the core TechEye® products, VMSY plans to expand current offerings by introducing several surveillance products and software versions throughout the remainder of the year.
