NICE Is Out Of the Video Surveillance Business / Now Qognify

Author: 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.

*** ** *** ****** ******* ** *** ***** *** ** exiting *** ***** ************ ******.

**** ** ******* *** *** '******** ******** ******** ****' ** a ** ********** ****.

**** ******** **** **** ****'* ******* ******* *** *** ********** firm ******* ******* *** ****, ** ******* **** **** **** the *** ******* ******* ** *** **** *** ** *** market.

****** **** ****, ** ***** **** *** ****, ********* **** the ********** **** ** ****** ** ** *** ***** ****'* ex-unit ** ******.

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

NICE ****** ** ***** 

****'* ****** ******* ** ~$* *******, *** ** ****, *** security ***** **** **** **** * ******* ** **** *******. And **** ****** ********, *** ***** ************ / ******** ******** unit, ** **** * ******** ** ****. **** ** ****'* revenue ***** **** '******** *********** *********' / **** ******, ***** is ******* **** ** ****'* *****.

******, ** *****,**** **** *** ***** ************* ********, ******* **** ** ***** ******** *****, *** $***.* ******* cash + $** ******* **********. **** ****, *** ******** ******** offerings and ***** ****** ****** / *** ********* *********.

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

***,**** ** ******* *** *** ******** ******** ******** **** (****) *** $** ******* *** + $** ******* ********* **********.

**** *** *** ******** ***** ******* *** ******** ********, *** we ******** *** **** ** ** * $** - $** million ********, ***** ***** ****** ** ****** ******* ************ *** total **** ******** ******* *******.

** ******** * ***** ** ***** ***** ** * - 2**** ** *******, *** ********** ****, ***** ***** ** ****** ********** ****, *********** **** **** of *** ******* ** **** ********, *** ********.

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

********* ** ****, ***** ******** ******** ******** ********* ** *** software, **** / ********* ********** ******** (****************** **** ***** ** ****), *** ***** ********* ********. **** **** **** ***** **** limited ******* *** ******** *** ***** **** **** * ******* offering. **** **** *** **** *******.

**** **** ***** **** / ********* ********** ******** ** ******* in ********** ******* *** **** *** ***** ** ***** **** revenue ** ********** **** ****. ** **** ***, **** ** looking ** *** / **** **** ******** *** **** **** security, ** ****** **** ****** *** *********** **********.

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

**** *** ************ **** ******* ** *** **** **** *** of *** ******** ******** / ************ ******. ** ****, **** their ******* ***** *** ** *** *** ******* ****** *****, which *** ***** ************, ** *** **** *** ** *** industry.

** ** *** ****** **** ** ******, ********** **** *** increased ***** ** ********* **********. **** ** **** ****'* ******* is ** *** $** ** $** ******* *****, ** ***** they **** **** **** * ******* *** ********* *** ****. Of ******, *** ****** ** **** **** ** ***** ***** deals **** *** ******** ** ********* ** ******** ****.

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

******* ** * ****** **** *****, ********* ********** ****. **** importantly, ***** ***** ** ********** * ****** ***** ** ***** that *** ********* ** *** *********** *****, *** ********** *****-**** operating *******.

** **** ***, ** ****** ******* **** **** **** ***** ******** / ************ ********.

Future *******

****** ** ****, ******** ******** *** ** ****** *** *** small ** ** *******.

***, *** **** **** **** ****** *** *** *********** ******* (the *******'* *** **** *********).

***** **** ***** ******** *** ***** **** ** ** *** high *** ** *** ******** / ************ ******, ***** ******* impact **** ** *******. *******, **** **** *** **** *** of *** *** ********** ********* **** *** **** ********* *** the **** *** ** *** ******. * ***** *********** ***** could **** ****.

Comments (6)

* ****** ******** **** ****** **** ** ****** ***** **** to *** ***** *** **** *** **** ****. ****'** **** similar.

****,

**** *****'* ******** **** **** *********. ** ****, *'* ******* to ***** ****** ***** ** ********** ** ******* *** ***** video ************ ******** ** **** ***** ** *** **** ******. It's *** ******** *** ***** ********** ** ******'* *********, ****** has ******* ****** ********** *** ********** **** **** *** ********* in *** **** ** ******, *** *** ***** ************ ******** doesn't *** ******'* **** ******** ** * ********-***** *** **** company.

** **'* *********** **** ****** ***** ***** ** **** *** it's ***** ************ ********, *** ***** ***** ** ******* *** them ** ******** **** ** ****-*****.

"********-***** *** **** *******"

****'* **** *** **** **** ***** ************?

* ***... * ***...

******** ** ** **-****** ***, *'** ****** ********* **** ****** uses ***** ***** ******** ** * *** *******.

*** **** ******** *** ********** **** ** *** **** ******** of ****?

***, *** **** **** ******** ******** (*** ****), ********** (*** VMS), *** ***** ********* ********* *** ********** ******.

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

Dell EMC Surveillance Division Profile on Apr 20, 2017
With revenue growth from traditional IT customers slowing, Dell has set a focus on the security industry as a market where the company can offer...
2Gig Intrusion Megatest (GC2 & GC3 Panels Tested) on Mar 28, 2017
2Gig is one of the most widely used intrusion systems, with two product lines that are the main offering of many alarm companies, huge national...
ObjectVideo Acquired by Alarm.com on Mar 14, 2017
Once potentially the most recognized name in video analytics, ObjectVideo has effectively been sold for pieces. Alarm.com has now acquired what...
Tyco PSIM Proximex End of Life on Mar 06, 2017
The end of life for Tyco's PSIM Proximex is here, with no more product releases coming and 3 years of remaining support. Inside this post, we...
Electric Guard Dog - Hot RMR Company Profile on Feb 21, 2017
The financiers at the Barnes Buchanan conference praised a company named 'Electric Guard Dog'. While the name sounds fairly low tech, the money and...
Milestone App - PSIM Lite (Alesys) on Feb 09, 2017
Milestone has many features in their VMS, but it is not a PSIM. Italian PSIM developer Alesys thinks sensor integrations and alarm management can...
Hitachi Security Industry Profile on Feb 09, 2017
Hitachi, bigger than Sony and Panasonic overall, with $89 billion USD 2016 total revenue, is expanding into the security industry. They are...
$18.7M PSIM Acquisition Examined (IDV / Everbridge) on Feb 06, 2017
This may be the biggest deal for a PSIM developer ever. In a segment that has disappointed for more than a decade, a recent IPOed company has...
Veracity Acquires PSIM Manufacturer on Feb 03, 2017
Most well-known for their Ethernet extenders, with their own video surveillance storage offering, Veracity has now acquired a PSIM. UK-based...
Exacq 3 Co-Founders Exit on Jan 10, 2017
Exacq co-founders David Underwood and Daniel Rittman have exited the company. UPDATE: And a 3rd co-founder is now also leaving. In this note,...

Most Recent Industry Reports

Axis Criticizes OEMs: "When You Buy An Axis Camera, An Axis Camera Is What You Get!" on May 19, 2017
When you buy a Honeywell camera, you likely get a Hikvision, Dahua or some other company's product. The same goes for easily 100 different...
Hackable 125kHz Access Control Migration Guide on May 19, 2017
Despite being one of the most popular credentials, 125 kHz credentials are easily copied and insecure as we showed in our test results, video...
Forget The Backdoor, "ALL HIKVISION PRODUCTS" On Sale on May 18, 2017
Less than 2 weeks after the Hikvision Backdoor was confirmed, Hikvision has launched a sale "ON ALL HIKVISION PRODUCTS". In this note, we examine...
Amazon Techs Installing IP Cameras Tested on May 18, 2017
In 2015, Amazon started offering video surveillance installation. Now, Amazon has made it a lot easier, with automatic add-on options and...
Hanwha Recorder Vulnerability Analyzed on May 18, 2017
ICS-CERT has released a vulnerability notice for Hanwha SRN-4000 recorders.  Hanwha provided additional information to IPVM about this issue,...
ShotSpotter To IPO, Facing Low Revenue and Losses on May 17, 2017
A rare event for North American security manufacturers is upcoming. ShotSpotter is planning to IPO on the NASDAQ, aiming to raise $34.5...
DMP Video Doorbell / Access Reader Examined on May 17, 2017
Consumers increasingly demand video doorbells, with "doorbells selling like hotcakes, everyone wants a doorbell", according to ADT's CEO. At ISC...
FLIR Is Giving Away $3,000 Demo Kits on May 17, 2017
Everybody likes free stuff, and FLIR is using that concept to attract dealers by giving them $3,000 worth of demo gear for attending a...
Shark Tank Startup Guard Llama Mobile Panic Tested on May 16, 2017
A Shark Tank TV show appearance has attracted big attention for Guard Llama, a security startup touting a 'panic button' paired with mobile app...
Axis Beats Avigilon Growth Rate (AVO Q1 2017) on May 16, 2017
In what is likely the first time ever, Axis beat Avigilon's revenue growth for Q1 2017. Inside this note, we examine Avigilon's Q1 2017 financial...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact