Honeywell Acquires Videofied

By: Brian Karas, Published on Mar 01, 2016

Honeywell has acquired RSI Technologies, the company behind Videofied, for ~$123 million USD.

Rationale

*** *** *** ******* Honeywell ***** *** *** acquisition *** (*) ***** verification, ** **** **** Videofied *** **** **** the *** ********** *** video *********, *** (*) DIY **********, ** **** that ********* *** **** expanding ** ********, ** we ******* ********* ****** / *** Service.

Price / *********

*** / *********'* ******* was *** *********. $*** million ***** ***** *** a ****** ** * niche ********, ****** ******* a ***** ***** ** revenue ** ****** ** more ********.

(*******)********* ********* ******* **** product ***** **** (*** hundred ******* *** '******') and **** *** *** an RMR *** **** *** monitoring ******** ** ******. 

RSI / ********* **********

*** ******* *** ******* in ****, ** ******. Now ** *** *********** operations ** *** **.

*** ******* ******* * million ***** ************* *** ~110 *********.

Good *** *** *********

********* ** ****** ** intrusion ****** **** ** not **** * **** video ********* ********. ********* should ***** **** **** gap *** ********** ***** existing ******* *** ******* offerings.

Questions **** ********* ******** ******

** *** ********, ********* Security ** ******* ********* heavily ** ***** ***** / ******** ********, **** the ~$*** ******* ******* purchase ** ******* **** and *** **** $*** million *** *********.

** *** ***** ****, a****** *** ****** ****** that *********** ******* ** **** a *********** **** ** its ******** ******** - though *** ****** ** not ***** ** **** part ** *** ******** would ** ********. ***** the ******* ** **** report *** ***** ************, we ******* *** ******** products **** *** ** included. 

Videofied ******* ***

*** ******* ** *********'* product ** *****, ** provided ********** ******** **** a *****-******** *****, ******* a ***** **** ** what ********* *** *** that ** **** ** every ********* ****** ****.  

******* ******* ********** ********* have ***** ******** **** the ***** *** ***** to ***** ******, *** video ******* ** ****, and *** ************* *** often ** ******* ** several ******* ***** ******* the ******* ** ******** police ** **** ** catch ********* ** *** act.

***********

*********'* *********** ** *******. In *** ****, ***** based ******** **** ***** weak *** ******** ******* alarming (***** ********* *******). However, ** ***** ********* improve, '***********' ******* **** higher ******* ********* ** even ******** ****** ********* can ******* ********* ** similar ***** ******, *** equally ***********, ****** ***** quality.

** *** ***** ****, Videofied ***** *** * number ** **********:

  • **** ** ************
  • ** **** *** ******** power ** ***** ********
  • ***** *********** / ****** integration **** **** ******* stations (********* **** **** video ********* ***** ****) 

Limits ** ********* ********

********* ** ******* ***** technology **** * ****** attached ** **.  **** eliminates *** *********** ******** of ********** *********** **** equipment, **** ********** * simple ****** ******, *** finally ****** ** **** the *** ******** ** that * ****** **** includes * ***** ***** clip ** **** ****** the *****.  *** ******* is ******** ** ***** installers ** ** ******** system **** *** **** reduce ****** ******** ** false ******, ***** *** been * ******* ******* in **** ******.

******* *** ********* ******* are ********* ******** ** provide ****** ***** ***** for ************ ******** **** employ ******, *****, ****** technology.  *** ****** ********** unit ********** "***" ***** quality, ***** ** ****** standards ** *** **********.  Ease ** ************ ** due ** **** ** the *******-******* ******* ***** eliminate *** **** *** power ******, *** **** greatly ******* *** ******* to ****** **** *****.  Prior ** *** ********* offering ********* *** *** positioning *** ******* ** something *** *** **** would **** **** *********** with, ****** ****** *** disarming *** ******.

* ********* ****** ***** have ** ********* **** of ****** $**** *** a ****** * ******* system, ********* ** *** components ********.  **** ************ unit ***** ** **** to ***** * ********** small **** (*** ******* unit ********** * ***** of **' *** *** IR ****), ***** ***** coverage ** ***** ***** prohibitively ********* ** **** situations.  

****** *** ********* ** motion ********* **** *** PIR, *** ******** **** is ********** **** ** masking *** *** ****.  This **** ** **** on-site, ** *** ******* install **** *** *** the ***** ******* * truck **** ** ******** to ***** *** *****.

***** ** ** ********* of ***** **** *** Videofied ******, *** ** logical *** ** *** a ***/*** ** *** system ** **** ** CCTV-like ************.

*********** ******** *** **** often "***** *******" **** offer ********* ** ******** motion *********.  ** **** cases ****** **** **** offer **** ********* ** even ******** ***** ******** are ********* ** ******** as **** ** *** base ******.  ************* ** all **** *** ********, which ****** *** *********** to ** **** ********.  Coverage **** ** ***** systems *** ****** ** 5x *** ******** ** a ********* ******, ******** detection ** ******* ******** and ****** ********** ***** to ******* **** ******.

** ****** *** ***** systems **** **** **** over *** *****, *** standard ******** (**** ** motion ********* ** ***** analytics) **** **** ******** in **** ******* *** "CCTV" ****** *** ********** on *********'* ********.  

*** ********/******** ****** ** the ********* ******** ******** it **** ******* ** with ************ ** ***** resolutions, ****** ** **** to **** ******** ************ at *****.

** ******* **** *********'* sales **** **** ******* in ****** ***** *** the *&* ***** ** developing * *** ******** may **** **** ******** to *********.

 

****: ** **** ** update **** **** **** information ** ** ******** the ***** *** *** feedback.

Comments (9)

Im confused...

http://ipvm.com/reports/honeywell-try-sell-security

New tires sell old cars.

Here's a scenario where Videofied often beats an IP security camera system:

For small to medium sized remote location projects (fenced) with no utility infrastructure, Videofied is one of the most cost effective solutions available. I've quoted customers solar powered high res Mobotix camera systems with 4G/LTE comm for $20K+ and also quoted the Videofied battery powered solution for $3K. While prospects initially say they want live high res video, they often choose the $3K Videofied solution with a low image quality 10 second video clip of intrusion sent to a monitoring station via cellular comm. The monitoring station only needs to know that someone is there when they should not be, no further detail required, they can fire off siren/strobe to chase away the intruder while the police are on the way. And, since the Videofied system requires monitoring, there's RMR with the system sale.

Its all about ease of install. The quality of the video means little, its just verification that someone is on site when no one should be.

With the company I'm with, we don't deal with this stuff (all Fortune 500 clients) but i can definitely see the niche for small to commercial businesses.

I sold quite a bit of this stuff when I worked for Stanley, but like I said, different market. Its cheap, but it works.

As a relative news; United Technologies rejects Honeywell's $90.7 Billion offer

I am puzzled as to why Honeywell acquired to gain position instead of developing their own. Is there that much secret sauce in Videofied? Honeywell clearly has a tremendous amount of experience and resources in the intrusion detection space. It seems like making an investment in R&D to create their own competing product isn't a $123M stretch. And, Honeywell already has global reach with their brand so it does not seem like Videofied or RSI have that much brand value. Is there a patent issue?

"It seems like making an investment in R&D"

Honeywell Security does R&D????

In all seriousness, the time and effort to build their own is probably beyond what any conglomerate typically does.

I'm puzzled. Isn't Honeywell trying to sell off their security business?

http://ipvm.com/reports/honeywell-try-sell-security

Derek - Yes, it is somewhat puzzling since Honeywell hasn't confirmed anything publicly. As the report you linked to, and the WSJ article linked in that report, covers it appears that Honeywell wants to unload some portions of its business associated with security.

Honeywell has an "integrator" business portion that deals with security and also a "products" business that deals in security.

They may sell the portion that contains the integrator business and keep the products business, or sell both together, or sell both separately.

I think we'll continue to see more news regarding Honeywell M&A business this year.

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports

Network Optix NxWitness 4.0 Tested on Oct 10, 2019
Network Optix released Nx Witness 4.0, proclaiming new features like a deep learning analytics metadata SDK, increased H.265 support, and UX...
RealNetworks SAFR Facial Recognition Profile on Sep 25, 2019
RealNetworks entered the surveillance market by giving away their analytics to schools for free, and is now targeting large commercial users with...
Hikvision Acusense Analytics Tested on Sep 23, 2019
Hikvision touts "The Magic Behind It All" in their new Acusense line are 'deep learning algorithms' inside these cameras and recorders. But how...
Interlogix Shutting Down on Sep 20, 2019
Interlogix is shutting down, as UTC has confirmed to IPVM in a statement about their "plans to wind down" the once leading brand. Inside this...
Directory of 70 Video Surveillance Startups on Sep 18, 2019
This directory provides a list of video surveillance startups to help you see and research what companies are new or not yet broadly known. 2019...
Vivotek "Neural Network-Powered Detection Engine" Analytics Tested on Sep 17, 2019
Vivotek has released "a neural network-powered detection engine", named Smart Motion Detection, claiming that "swaying vegetation, vehicles passing...
How Cobalt Robotics May Disrupt Security on Sep 13, 2019
While security robots have largely become a joke over the last few years, one organization, Cobalt Robotics, has raised $50+ million from top US...
Genetec Stratocast VSaaS Tested on Sep 05, 2019
The VSaaS market is rapidly expanding in 2019, with Verkada, Meraki, Eagle Eye, Avigilon and numerous startups growing their market share. When we...
AI Video Surveillance (Finally) Goes Mainstream In 2020 on Sep 03, 2019
While video surveillance analytics has been promoted, hyped and lamented for nearly 20 years, next year, 2020, will be the year that it finally...
Scylla AI Video Analytics Company Profile on Aug 29, 2019
Scylla, an AI analytics startup, says they are targeting 1 Billion dollar valuation in 5 years and it "is not rocket science" to detect weapons and...

Most Recent Industry Reports

Hikvision Global News Reports Directory on Oct 17, 2019
Hikvision has received the most global news reporting of any video surveillance company, ever, ranging from the WSJ, the Financial Times, Reuters,...
Camera Calculator V3.1 Release Improves User Experience on Oct 17, 2019
IPVM has released a new version of our Camera Calculator, V3.1, with significant user experience improvements, a new development plan, and an...
Securing Access Control Installations Tutorial on Oct 17, 2019
The physical security of access control components is critical to ensuring that a facility is truly secure. Otherwise, the entire system can be...
Access Control Course Fall 2019 - Last Chance on Oct 17, 2019
Register Now - Fall 2019 Access Control Course. Thursday, October 17th is the last day to register. IPVM offers the most comprehensive access...
US DoD Comments on Huawei, Hikvision, Dahua Cyber Security Concerns on Oct 16, 2019
A senior DoD official said the US is "concerned" with the cybersecurity of Hikvision, Dahua, and Huawei due to "CCP" (China Communist Party)...
Pelco Sarix Pro3 Camera Tested on Oct 16, 2019
Pelco has released their Sarix Professional Series 3 cameras, claiming "more security detail in challenging scenes with excellent low light and...
IPVM Camera Calculator User Manual / Guide on Oct 16, 2019
Learn how to use the IPVM Camera Calculator. The guide below includes instructions, images, gifs, and videos demonstrating and explaining the...
Altronix Claims Tango 'Eliminates Electricians' on Oct 15, 2019
Power supply provider Altronix claims its new Tango power supply 'eliminates the need for an electrician, dedicated conduit and wire runs'. In...
Pelco CEO Out, New CEO Found on Oct 15, 2019
Just 2 months after Pelco was sold, Pelco's CEO is out, with Pelco bringing in an outside President and searching for a new CEO from the industry,...