Nortek Acquires IntelliVision
One of the largest intrusion manufacturers, Nortek, has acquired the self-proclaimed 'Leader in AI-Based Video Analytics Software', IntelliVision.
In this note, we examine the deal, Nortek's rationale, IntelliVision's mixed background and the potential impact of the deal in the increasingly hot 'AI' sector.
Nortek **********
****** *** ******** ** **** ****'* *******, * ******* **** ************* ******* ****** *************** *********. ******'* Security *** ***** ********** (***) ********, including **** *** ******, *** ~$*** ******* in ******* *** ****,**** ***** **********:
***** ****** ** * ***** ****** in *********, **** *** *********** ********** in ***** ************, ****** **** ****** a ***** ****** ** ***** ************ devices (*.*.,**** *** ****** ****** ***** ******* ** ******* ** ******* *** Sunell's ********).
IntelliVision **********
*************(** ******** ** *** ***** **** console), ** *** ** *** ******* ***** analytics *********, ******* ** *** *****, though *** ******* ** *** ****** known. **** **** ********* ***** ** video ************ ************* **** ***** ********* ***** viewed ** ******** ** ***** ** various ******** ******* **** *** *****. While *** ******* *** **** *********** expertise** *** **********, ** ** *** ************ **** in ******** ****** *** ******* *** many ******** ****** ********** *** ******* actually ***. *** **** ****** *********** **** IntelliVision ******** ** ** ** ********* them *** *************'* ***** ******** *****.
Revenue *** *********** *****
***** ******* *** *********, ** ***** estimate *************'* ******* ** ** ***** $10 ******* *** *** *********** ***** to ** ***** $** *******, ***** the *** ****** ** ********* *** company ***, *** ******* ****** ** deals **** **** **** ** *** their ******** ***** ** ******** ********* simple ********* ** * *********.
Nortek's ***
****** ********* *** **** ******** *************:
******* *** ******** *****, **** ** access ****** **** ********** *** *********** user *** ******** ***********, ******** ** that **********. ****’* *** **** ** intelligence ** **** ********* **** *** portfolio, *** **** **** ***** *********** benefits ** *** ********* *** ***-*****.
*** '******** ** *** **********' *****, as ** ******* ** ***** *********, **** closely ******* ****** ***********. *******, ***** IntelliVision markets ****** ***********, ** *** ****** they **** *** ******* ** *** market, ** *** ********* **** *** VMD **** *********.
4 ******* '*****' *******
****** ********** *************'* ***** **** * recent ***** ******* "*** ****** * ******* ***** ******* – ****** ** **-***** ***** ********* Software", ******* * **** ** ************* customers **** **:
*******, ***, *******, ****, *********, ********* Electric/Pelco, *********, *****, ******, *** *****.
************* *** ****** **** ***** ********* most **** ** ****** ** *** being **** ** ***** *********. ***** companies ***** ***** ********* *** *** not ***** *** ********* *** ****** strong, ****** ******** *********.
** *** *** *****, ******* ******* from *****, *******, *****, ****, ***. '*****' stretches *** ******* ** *** ****.
Shady ********* - *****, *** *******, ****** *** ***** *******
** *** **** **** ****, ************* has ****** ** ** ***** ********* practices:
- ****'***' * ***** & ******** *****. ***** ****** *** ********* *** their *** *************, *** ** *** ***** ***** & ******** Awards *** *** ******* ** *** *** ***** & ******** ***** (** ** *****, **** *** ** obviously *** *************'*).
- ** * **** ** **** ***** seen ******, ********** * ***** ******* ******* ***** the *** ****** ************ *** *** **** "***** ****** Analytics", ***** ** ******* ** ******* for * **** ********** *******.
- *** ********** ********* ***** ******* ***** * million '*****' ******* **** *** ********* not **** '*****'.
- **** ********* ***** * *** ******* *** 100 *******, ** *************** **** *** ***.*** ****.
** ***** ** **** ***********, ** is ******** **** ***** ******* **** done ** ***** *** *******'* ************** for ** ***********. **********, ** ******* the *********** ** *** ******* ** strong ********** ************* **** *** ** resort ** **** ********* ********.
Weird ****
*** ******* ** ********** ** ***** surveillance. *** ***** ******* ******** ** be * *** ****. *** *********** is *****. *******, ** ****** ***** to ***** **** ** ***** *** if **** *** ******* *** ******* of ******* ********** *************'* *********, ********* could **** ** **. ***********, *** most ****** ******** ** ******* *********** out ** **** ****.
******* *** ******** *****, **** ** access ****** **** ********** *** *********** user *** ******** ***********, ******** ** that **********. ****’* *** **** ** intelligence ** **** ********* **** *** portfolio,
********** ** ****, *** * ***** they **** ********* * ***?
** ** ****, * ******** ****** that ** ** *********** ** * dog ***** **** ******** * ***** Prize (******** * ****** *****, *** you **** **** * ****).
****** *** ******* *** **** **** I ** ****** *** *** **** security **** *** *** *** ***** home. ** ****** ** ****** * big, **** *** *** * ** gauge .
** ***, ***** ** ** ** if * ***** * *** ***** to **** ********?
- “*** ************ **** ** ******** ******” – ************* *** **+ ********* ** which **** ** *** **** ** MSs.
- “***** ******* **** ****’* *****” – here’s *** ********* ********** ** ***** camera *****://**.*********.***/****/************. ***, **** * **** ***** doorbell (**** *** *********** ****** *********) is * ***** ******. ** **** other *******, ** ******* **** *-* analytics *********.
- *** ****** *** ******** **** **** year ***** *** ****** *********** **** #2 ** *** ******** ********* (***** 1 ******* *****), *** *** ***/**** software ******** **% ********.
- ** ** **** **** ** *** Google ****** ****** ** **** ** #1 ** **/***** *********. ** ***** many ***** ** *** ***** ***** validations, *********** *** **** ********** ********. We’re ***** ** ** *** ****** everyone ** ****.
- *** ******* *** ******, *** ****** **********, both ********* **** **** ********** (**+ yrs) *** ****** **********, *** ******** needs **** ********* ****** **** ****** was *******. ****** ***’* **** ***** major ********* ****** ** ******* ***** justification *** ****** **********.
***’* *** * **** ** **** so ** *** **** ******* **** questions *** ***** ****** **** ******** with **** **** *****...
****** ******, *** *************
******,
* ******* *** ** *** ****** we *********. ** *** **** ******** not ** **** ** **. ***'* also **** ***** **** **** ********* person **** ** ** ****** **** you **** ***** ** ************ ***** I **** ** ***** * *** a **** ** ** ***** **** Nortek.
* ** ***** ** ***** **** you. * ******** *** ** **** phone ****** ** **** *****. **** me.
* ** ********** **** ********, **** is:
(*) ** *** **** **** ***** to ***** ** *** ** **** or ****?
(*) ** * **** ******** ** a ***** ******, **** *** ** camera ***** ** * ***** ****** because **** *** ******* **** **** of********************** ****** *********.
(*) ************ *** *** ** ** ******** test******** ********* **** ****** ** ***.
(*) ****** ****** ******* ********* ** *** game ** *** *** ** ****** marketing ******. **** *** * ******* *** touts * ***** '*****', **** ** embarrassing.
(*) **** '******'? **'*** ***********. *** *** *** *** ** *** company *** *** ***'* **** *** difference ******* * ****** *** ** acquisition?
** *** *****, * ** ***** to ****. ***** ** ******* * time ** **** **** ** **** phone.
*************: *** ******* ******* ********** ** **** **** ******* ** prevent ********* ***** */**.
**** ** *** *** ********* * very **** ******** ** **** (***** ~12 ***** ** ******** ***** */**). Notice *** *********** ** **** ** his *** *******.
As ** ******** **********, *** *** ***** **** ** * ******** ******* ***** ** **** ***** **** *** *** **** ***** *****?
***** *** *** * ** **** proud **. ****** *** **** * great ********. **** *** ****** ******* at *** **** ** ****** ****** customers *** *********. ** ***** ***** parks, **** ****** ** ****** ********** customers **** ******* ** **** *** timing ** ******** *****. ***** ************* technology, **** *** **** **** ******** information ** ****** *** ***** **** operations.
******* ********* ******* *** ******* ** traffic **********. ********** *** ****** ******, in ****** ***** *****, ***** *** smart ******* ******* ************* **********. ****** 15,000 ******* **** **** ******** ** US ******** ** ****** ******* ******* lights *** *************. **** *** * seamless *** ****** *** ****** ******* that ****** ***** ****** *****, **** if **** ***’* ******* **** **.
****** ****: ** ********* *** ** disjointed ******* ***** ********* *** **** 'specificity'.
** ********* *** ** **** * point ***** *** ********* ** **** of *** *** ****** **** ** is '**** ***** **'.
*.*. *** ******** ** ***.
*.*. ** *********** *******-***** ** *** you *** ***** ** *****, **** bragging.
*** ******* ** ********** ** ***** surveillance. *** ***** ******* ******** ** be * *** ****. *** *********** is *****.
****'* ** ****** *********** *** *****!
* *** ****'** ******* ** ***** a ****-******. ***** ********* **** ** perfect *** ****** ****, *** ******* like *** **** ** *** **** are ** *** *** **** ******* home ******** ******* ***** **, ** the ***** ***** **** ** ****** resi ******** **** **** ***** ******* for ***** ** **** ** ** incentive ** **** * **** ********** contract. **** ****** ***** ** ***** portfolio ***'* **** ****** ***** ***, but ****** * ****** **** **** cool ******** **** ****** ***** ************ might. *** **** **** ***** **** to **** ** ***** *** ****** and ********** ******** *** ** **** and **** *** *******. ***** **** cloud ******* ***-**** ***'* *** ******* **** *** RMR.