Nortek Acquires AI Corp IntelliVision; Is Deep Learning Security Tech in Our Future?
With the acquisition, Nortek aims to embed some of its key products and systems with IntelliVision's technologies.
Terms of the transaction were not disclosed.
IntelliVision, based in San Jose, will operate as a wholly owned subsidiary of NSC. IntelliVision will continue to support its customers and products.
“This acquisition is a great fit for us,” NSC President Mike O’Neal states in an announcement.
“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 AI and video analytics solutions are said to provide actionable insights 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.
The company’s software includes licenses for dozens of patents and has been deployed globally in over 4 million cameras from over 50 top tier brand customers and consumer electronics manufacturers. Customers include Comcast, ADT, Netgear, Ring, Ambarella, Pelco by Schneider Electric, Dallmeier, DLink, Disney, and Zebra.
“We are thrilled to become part of Nortek Security & Control,” says IntelliVision CEO Vaidhi Nathan, who will stay on to lead video analytics and AI 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.”
NSC executive vice president of marketing and innovation Joe Roberts comments the 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,” says Roberts. “This will create important new benefits for our dealers and exceptional experiences for the end-users of our products.”
Roberts cites IntelliVision’s strengths in face detection, recognition and search, intelligent motion, object detection and tracking, intrusion/perimeter watch, object classification (people, vehicle, pet), license plate detection and recognition (LPR/ANPR), and audio recognition.
“For example, imagine a security or access control system that can recognize an approaching person,” Roberts continues.
“The system itself can provide a hands-free, multi-factor authentication that nearly eliminates false positives all while improving the user experience. And for automation, knowing who is in the room enables setting the lighting and climate scenes according to that person’s preference. Now the connected home is not just smart, but intuitive.”
According to Roberts, the acquisition also strengthens the company’s ongoing investments in voice and natural language technologies and significantly adds to the company’s growing patent portfolio.
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