Agent Vi Acquired By Sweden's Irisity

By John Honovich and Sean Patton, Published Sep 03, 2021, 09:09am EDT (Info+)

Agent Vi, one of the oldest video surveillance analytics developers, has been acquired by Irisity, a publicly-traded, though mostly unknown, Swedish company.

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Inside this note, based on feedback from Irisity CEO Marcus Bäcklund, we examine the terms of the deal, the fit, and the future of the company.

Irisity ******** ****** ~$*** ******* ****** ***

*** ** *******'* ******* ********* ********** over ********** ***** ********* ******** ** that **** *** ******** ****** **** a ****** ************** ** ~$*** ******* and * ***** ***** ***** ** 500+% **** *** ********* ** ****:

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Revenue *** ****

*******'* *** ******* ** ****** ***, at~$*.* ******* ** ********** ****% *** ** ****** ***.

******,*******'* **** ******* ** $*.* ********** ****** **** *******'*. *******, ******* is ****** ** ***** *** *** AgentVi *** ********* ** ******* ******* growth.

Valuation *** *******

******* **** $**.* ******* *** *******, more **** *** *******'* **** *******. This ** ** **** **** **** revenue ******* *** ****** ******** ******** deals ****** *** **** **** ******* is ** *** *** *** ********* to **** ******* ***** *** ********* more ********.

Paid ****** ** *****

******* ********* *** *** **** ********* (~35x **** *******) ** ******** *******. 88% ** *** ******** ***** *** paid ** *******'* *****. **** ******* AgentVi's ************ ** **** **** ** Irisity's ***** ***** ***** ****** **** can ********* ***** **********.

On *** ****** *** * *****

******* ********** **** **** ** **** AgentVi *** ***** ******* *** **** time ** **** **** **** ******** is *** **********. *** ***** **** is ******** ********** ** ** *** Irisity **** **** *** ********* ** its *** **** ****** *********.

*******'* ******** ****** *** **** *** as **** *********** ****** ****** *** company ************* *****.

Moderate **** *** *******

*******, **** ** * ******** **** for *******. *********** *** $* ******* revenue, *** **** ** ****. *******, this ** ****** ** *** ****** 20 ***** ** ******** *** ******* ** ******** ******** ** *** company.

Acquisition *** ******* **** ******

IPVM Image*******'* *** **** ****:

*** ** *********** *** ** **** treat ** ** * ****** ***** both ********* *** ** ******* ****. Im *** *** *** ** **** include ******* ****** **** *** ** our **********. *** ** **** **** the ***-**** ****** ** *** ** and ********* *******, *** ** **** further ****** *** ***** *********.

Merging "****** ***********"

*** ******* ** **** ** **** merging ** *** ********* ****, **** by *******'* *** *********,*** '****** ***********'. *** ******** **** ****, *** we *****, ** **** **** **** "complementary ******** **** *** ************ ********." However, **** *** **** ********-**** ********* providers. *******'* *** **** **** ****:

** *** ************* ******* **** ****** product/technology, **** ******* ********* **** ******** and ****** ********** *** *************, ** is **** ** *** *** ***** algorithms **** ******* ******** *** **** detection

*** ***** ******* ** ******* ****** two **** ********* ********* ********, ******* from ****** *** ******* **** ******.

Software **** *****

***** **** *** ******** *** ******** video ********* **** ******** (*.*., ***, Rhombus, *******), ******* ***** **** **** are ******* ** ***** ******** ****:

** *** * ******** ***** *******, developing ** *** ****** ******** ** analytics, *** ********* *** ** ** remain *********** ** *** ** ***** or ************.

*** ******** **** ** **** ******** manufacturers **** *** *** ******* ** a **********. *** ******** **** ** whether ** *** **** ******** **** can ***** **** ***** ******** *************. AgentVi *** ******* *** ********-**** ***** for ***** *** *** ******* ** a ********* ** *** ********** ** growing ******* **** **** ********.

Irisity - ****** **** **********

******* *** ****** ********** **********, ** the ******* ** ********* *********** **** numerous ********* **** ******** ********* ** Technology, ******* ****** ******** *********** **********.

Weak ***** *** *********

******* *** **** *** ***** *********** and, *** ********, **** * ****** in *****. ** ** *** ***** to ** *** **** **** **** build *** * ***** *** ********* organization, ** **** **** ******* **** struggled ****. *******'* *** ********* ** IPVM ******:

**’* **** ** *** * **** venture *** ** **** **** * talented ***** *****, ******* ********* ******* on *** ******** ******, ********* ** see ***** ********* ****** ************ ****** coverage **** **** ******.

******* ** ****** ******** ** ***** America **** ******* *** **** ** not ****** **** ** *******'* ******** is ***** ******* ** *** **, despite ****** *** **** **** * decade.

Outlook *****

** *** ******** ****, ******* *** a ******* ****** (***** ********* *** matured) **** ********* ***** ** **** SaaS **********, ** **** **** ********** advantages ** ***** *****.

*** ******** **** ** **** ** do *** *** *** *******, ***** has *** *** ******* ********, ****** the ********** ******* *****, ********** ***** software-only ********* ********** **** ****** ****** struggled ** ***** ***** ** ***** embedded / ***-**-*** ******.

Vote / ****

Comments (9)

***, ****'* * **** ******** ** their *******.

*** ** ********* ******** *** **** of ***** ****** ******* ** ********** to * ********* ************ *******?

Agree
Disagree
Informative
Unhelpful
Funny

**** ** *******. ******* *** ****** be ***** *** *** ***** *** diligence *** ****** *** *** **** for * ********** ******* **** *** own ******* ** **********. ********* ****** fishy ** ****.

Agree: 2
Disagree
Informative
Unhelpful
Funny

**** **** **** *** **** **** sense ** ** *** * ***'* see ******** *****, **** * ***** deal, ** *** ***** ****.

Agree: 1
Disagree
Informative
Unhelpful
Funny

** *** **** *** ******* ******** in ** *** **** *********** ** Ipsotek? *** ***** *** *********** ****-*** video ********* ********* **** ** **** they *** *** **** ********?

Agree
Disagree
Informative: 1
Unhelpful
Funny

**** ********. ***** *** **** *** lots ** ***** ******** *********, ***** so **** **** ******* ** *** last * *****, *** *.*.** ***** ************ ******** ********* ****. ******* ** *** *** ********* them '****-***' ** *** ** ****** debatable.

*** ****** ********** ******* ******* *** AgentVi ** **** **** **** ********** old *********, **** ******* ~** ***** ago. ***** ********* **** *********** *** been ******** *** ****'* ********* ******* most ********* ***'* *** *** ******* at **** ***** ***** *** **** such ******* *******.

** *******/*******, ** *** *** ***** **. Atos ** * ***** ******* (~** billion ***** ****** *******) **** ***** regular ************ **** ******* ******** * very **** **** ** ****.

Agree
Disagree
Informative: 1
Unhelpful
Funny

*** ** ******** ******, ******'* ***** market ***** **** **** ***** *** 1 ** **** *** * ***** Q2/20. * *** ******* ** ****'** very ****** ***** ** ******. ********* if *****'** **** ********* ******* *** right ****** ** *** **********. ******* might *** ** *** **** *********** for **** ***** *********** ** *********** as *** ******** ********* * **** revenue ** $*.* ******* (******* $**** per ****). *********** ****, **** *** too **** ************ **** *** **** years. ** **** **** * **** of ********* *** ** ****** ** expect ** *** (********) ******? *** there ****** ** **** ********* *** there ********* **** **** ** ****?

Agree
Disagree
Informative
Unhelpful
Funny

*** ***** ****** ** **** ********* out ***** ********* **** **** ** SaaS?

***. (*) * *** ** ********* have * *** ** ***** **** are ******* ** *** ** ****. (2) ******** ******** **** ** * hot ***** ***** *** (****** ****** Verkada ** *****) ******* ******* *** AgentVi **** *** ****-** *******.

* ** ***** **** ** ** odd **** *** **** **** ********* in ***** ***** ***** *** ******* market **********.

Agree
Disagree
Informative
Unhelpful
Funny

**** *** ***** **** **** ** IPVM ** *** *********** ** ******?

** ** * ***** **** ** hear ***** ****.

Agree: 1
Disagree
Informative
Unhelpful
Funny

**, ** ** *** **** ** currently. *** *** ****** * *** of ******* ***** **? *** **** concern ** **** **** *** ** small *** *** ** ***-**.

Agree
Disagree
Informative
Unhelpful
Funny
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