NICE Is Out Of the Video Surveillance Business / Now Qognify

By: John Honovich, Published on Aug 03, 2015

One of the bigger players of the prior era is exiting the video surveillance market.

NICE is selling off its 'physical security business unit' to a US investment firm.

From speaking with both NICE's General Manager and the investment firm partner leading the deal, we believe this will help the new company compete at the high end of the market.

Inside this post, we break down the deal, examining what the investment firm is likely to do and where NICE's ex-unit is headed.

*** ** *** ****** players ** *** ***** era ** ******* *** video ************ ******.

**** ** ******* *** its '******** ******** ******** unit' ** * ** investment ****.

**** ******** **** **** NICE's ******* ******* *** the ********** **** ******* leading *** ****, ** believe **** **** **** the *** ******* ******* at *** **** *** of *** ******.

****** **** ****, ** break **** *** ****, examining **** *** ********** firm ** ****** ** do *** ***** ****'* ex-unit ** ******.

[***************]

NICE ****** ** *****

****'* ****** ******* ** ~$1 *******, *** ** that, *** ******** ***** does **** **** * quarter ** **** *******. And **** ****** ********, the ***** ************ / physical ******** ****, ** only * ******** ** that. **** ** ****'* revenue ***** **** '******** interaction *********' / **** center, ***** ** ******* more ** ****'* *****.

******, ** *****,**** **** *** ***** cybersecurity ********, ******* **** ** their ******** *****, *** $117.9 ******* **** + $40 ******* **********. **** left, *** ******** ******** offerings and ***** ****** ****** / *** ********* *********.

NICE **** ***** / *********

***,**** ** ******* *** the ******** ******** ******** unit (****) *** $** ******* USD + $** ******* potential **********.

**** *** *** ******** exact ******* *** ******** security, *** ** ******** the **** ** ** a $** - $** million ********, ***** ***** change ** ****** ******* expectations *** ***** **** security ******* *******.

** ******** * ***** to ***** ***** ** 1 - ***** ** *******, *** investment ****, ***** ***** ** fairly ********** ****, *********** that **** ** *** revenue ** **** ********, not ********.

NICE **** *********

********* ** ****, ***** physical ******** ******** ********* of *** ********, **** / ********* ********** ******** (originally******** **** ***** ** 2009), *** ***** ********* software. **** **** **** still **** ******* ******* and ******** *** ***** that **** * ******* offering. **** **** *** sell *******.

**** **** ***** **** / ********* ********** ******** is ******* ** ********** overall *** **** *** share ** ***** **** revenue ** ********** **** year. ** **** ***, NICE ** ******* ** use / **** **** offering *** **** **** security, ** ****** **** safety *** *********** **********.

NICE ****** ********

**** *** ************ **** limited ** *** **** high *** ** *** physical ******** / ************ market. ** ****, **** their ******* ***** *** in *** *** ******* camera *****, ***** *** video ************, ** *** high *** ** *** industry.

** ** *** ****** this ** ******, ********** with *** ********* ***** on ********* **********. **** if **** ****'* ******* is ** *** $** to $** ******* *****, we ***** **** **** more **** * ******* new ********* *** ****. Of ******, *** ****** is **** **** ** going ***** ***** **** are ******** ** ********* to ******** ****.

The ****** ** *** ******** *******

******* ** * ****** well *****, ********* ********** firm. **** ***********, ***** focus ** ********** * return ***** ** ***** that *** ********* ** the *********** *****, *** maximizing *****-**** ********* *******.

** **** ***, ** expect ******* **** **** grow their ******** / ************ business.

Future *******

****** ** ****, ******** security *** ** ****** and *** ***** ** be *******.

***, *** **** **** will ****** *** *** independent ******* (*** *******'* new **** *********).

***** **** ***** ******** and ***** **** ** on *** **** *** of *** ******** / surveillance ******, ***** ******* impact **** ** *******. However, **** **** *** have *** ** *** few ********** ********* **** are **** ********* *** the **** *** ** the ******. * ***** independent ***** ***** **** them.

Comments (6)

Scot MacTaggart

08/03/15 08:40pm

I really expected that either NICE or Verint would sell to the other one when the time came. They're very similar.

Undisclosed Manufacturer #1

In reply to Scot MacTaggart | 08/04/15 04:12pm

Scot,

This doesn't preclude this from happening. In fact, I'd venture to guess Verint could be interested in selling off their video surveillance division at some point in the near future. It's the smallest and worst performing of Verint's divisions, Verint has already closed facilities and eliminated more than 100 positions in the last 18 months, and the video surveillance division doesn't fit Verint's core strategy as a software-based big data company.

So it's conceivable that Verint could close or sell off it's Video Surveillance division, and still leave an opening for them to purchase NICE or vise-versa.

John Honovich

IPVM | In reply to Undisclosed Manufacturer #1 | 08/04/15 04:14pm

"software-based big data company"

What's more big data than video surveillance?

I kid... I kid...

Hal Bennick

Trafficware, a CUBIC Company | In reply to Scot MacTaggart | 08/05/15 04:23am

Speaking as an ex-Verint guy, I've always suspected that Verint uses their video business as a tax shelter.

Joeri Boeckx

TEIN TECHNOLOGY NV | 08/04/15 07:18am

Are Nice Situator and NiceVision part of the PSBU business of NICE?

John Honovich

IPVM | In reply to Joeri Boeckx | 08/04/15 08:14am

Yes, the NICE BSBU includes Situator (the PSIM), NiceVision (the VMS), and their analytics including the new Suspect Search.

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

Directory of 68 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...

Dahua, Hikvision, Huawei US Ban Rules Released on Aug 08, 2019

The US government has released rules on how the 2018 NDAA ban of Dahua, Hikvision, and Huawei will be implemented when it takes effect in 5...

Motorola Acquires Watchguard, Adds to Vigilant And Avigilon on Jul 15, 2019

2 years ago, Motorola had no position nor relevancy to video surveillance. Now, they own major video surveillance, LPR and body camera providers...

ADT Eliminating Acquired Brands, Unifying Under 'Commercial' Brand on Jun 14, 2019

ADT is eliminating the brands of the many integrators it has acquired over the past few years, including Red Hawk, Aronson Security Group (ASG),...

OpenALPR Doubles Prices on Jun 06, 2019

There is no 'race to the bottom' in cloud / AI video surveillance. In May, Verkada increased their prices. Now, OpenALPR is doing the same with a...

"New" Arecont Fixes Failures "Without A Fight" on Jun 05, 2019

The "old" Arecont was infamous not only for its camera failures but for making their "partners" fight to get them fixed. IPVM drew the ire of...

Vidsys New President Interviewed on May 31, 2019

A decade ago, PSIM was hot with projections then of a billion dollar market by now. This has not come close to happening. However, Vidsys, one of...

Pelco Sold Off, Now Independent on May 28, 2019

Pelco has been sold off by Schneider Electric, completing Schneider's terrible tenure, but giving Pelco a chance at life. IPVM spoke with...

San Francisco Face Recognition Ban And Surveillance Regulation Details Examined on May 14, 2019

San Francisco passed the legislation 8-1 today. While the face recognition 'ban' has already received significant attention over the past few...

ACRE Acquires RS2, Explains Acquisition Strategy on Apr 19, 2019

ACRE continues to buy, now acquiring RS2, just 5 months after buying Open Options. One is a small access control manufacturer from Texas, the...

Most Recent Industry Reports

ONVIF Suspends Huawei on Sep 20, 2019

Huawei has been 'suspended', and effectively expelled, from ONVIF so long as US sanctions remain on the mega Chinese manufacturer. Inside this...

Open Access Controller Guide (Axis, HID, Isonas, Mercury) on Sep 19, 2019

In the access control market, there are many software platforms, but only a few companies that make non-proprietary door controllers. Recently,...

Axis Perimeter Defender Improves, Yet Worse Than Dahua and Wyze on Sep 19, 2019

While Axis Perimeter Defender analytics improved from our 2018 testing, the market has improved much faster, with much less expensive offerings...

Directory of 68 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...

Uniview Prime Series 4K Camera Tested on Sep 18, 2019

Is the new Uniview 'Prime' better than the more expensive existing Uniview 'Pro'? In August, IPVM tested Uniview 4K 'Pro' but members advocated...

US Army Base To Buy Banned Honeywell Surveillance on Sep 17, 2019

The U.S. Army's Fort Gordon, home to their Cyber Center of Excellence, has issued a solicitation to purchase Honeywell products that are US...

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...