Just a guess... I doubt that ObjectVideo had that many employees left... but it's possible that ObjectVideo still had accrued losses totaling millions of dollars (especially if the sale of IP assets to Avigilon was structured to minimize tax gains). That may still be worth millions of dollars for a profitable US-based acquirer like Alarm.com.
ObjectVideo Acquired by Alarm.com
Published Mar 14, 2017 17:17 PM
Once potentially the most recognized name in video analytics, ObjectVideo has effectively been sold for pieces.
Alarm.com has now acquired what remained of the company following Avigilon's 2014 acquisition of ObjectVideo's patents for $80 million.
In this report we analyze this acquisition by Alarm.com, and also reveal details on the acquisition price, which Alarm.com is not disclosing in their releases.
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Comments (5)
Christian Laforte
Mar 27, 2017U
Undisclosed #1
Mar 27, 2017ObjectVideo will be renamed ObjectVideo Labs...
Because "Labs" has such a positive industry association, especially with video analytics.
JH
John Honovich
Mar 27, 2017Because "Labs" has such a positive industry association, especially with video analytics.
But Alarm.com does not really operate much in the traditional commercial / industrial segment of the business so I doubt that BRS Labs means much of anything to them.
I grant you, anytime I hear companies with the word 'Labs' in them, I am skeptical unless it is clearly something with strong academic ties / foundations.
U
Undisclosed #1
Mar 28, 2017...I doubt that BRS Labs means much of anything to them.
I didn't realize they weren't members ;)
JH
John Honovich
Mar 28, 2017I think most IPVM members never cared about BRS Labs. While BRS blew throw maybe $200 million, they never had that many customers and therefore did not touch / interact / impact most companies in the space, and certainly not in residential which is Alarm.com's core market.