Nortek acquires AI/analytics firm
Nortek Security & Control LLC (NSC) Wednesday announced the acquisition of San Jose, Calif.-based IntelliVision Technologies Corp., a company that focuses on artificial intelligence, smart cameras and deep learning-based video analytics software.
According to Nortek, IntelliVision will operate as a wholly owned subsidiary of NSC.
“This acquisition is a great fit for us,” said, Mike O’Neal, president, NSC in a statement. “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's solutions in include AI and video analytics for security and monitoring in smart home, smart enterprise, and smart city applications; business intelligence for smart enterprise and smart retail; and advanced driver assistance systems (ADAS) for automobiles. Its customers include Comcast, ADT, Netgear, Ring, Ambarella, Schneider Electric/Pelco, Dallmeier, DLink, Disney, and Zebra.
“We are thrilled to become part of Nortek Security & Control,” added IntelliVision CEO Vaidhi Nathan, who will stay on to lead video analytics and artificial intelligence development under the NSC umbrella. “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.”
Joe Roberts, NSC executive vice-president of marketing and innovation, said 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,” said Roberts. “This will create important new benefits for our dealers and exceptional experiences for the end-users of our products.”
IntelliVision expertise includes face detection, recognition and search, intelligent motion, object detection and tracking, intrusion/perimeter watch, object classification (people, vehicle, pet), licence plate detection and recognition (LPR/ANPR), and audio recognition.
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