Opgal's Acquisition of Vumii Examined

Author: John Honovich, Published on Oct 26, 2010

In October 2010, Vumii announced that it was acquired by Opgal. In this note, we examine the rationale, positioning and significance of the announcement. For background, readers should review our 2009 profile of Vumii's products and pricing.

Opgal is an Israel based specialist in thermal imaging. While not well known in the Americas, Opgal is a significant thermal supplier in EMEA. Opgal offers a broad range of cooled and uncooled thermal cameras both under their direct brand and for OEMs. Founded in 1983, Opgal is a privately held company that has approximately 150 employees. Its major shareholders include Israeli defense contractors Elbit Systems and Rafael.

Vumii is a US based specialist in continuous-wave laser and focused beam LED active illumination vision systems. They are typically used in outdoor long-range video assessment that seek greater details than thermal can complete. Vumii's cameras/systems start at approximately $30,000 MSRP and are therefore designed for higher end critical infrastructure/military applications. Vumii reports 12 current employees and $12.5 Million total angel funding over the past 6 years.

While financial details between the two private companies were not disclosed, we suspect the acquisition price was modest relative to the total amount invested into Vumii. Our basis for this speculation is (1) the relative small team of Vumii implies revenue in the single digit millions and (2) Opgal's relatively modest size itself (likely total revenue in the low to medium tens of millions.

On the other hand, we do see signs that the combination may be a good strategic fit.

  • Vumii and Opgal's geographic market positioning complements each other - Vumii in the US, Opgal in EMEA
  • No overlap between the company's product lines. Vumii provides Opgal with a relatively unique technology for Opgal's current market base that Opgal did not previously possess
  • Opgal has R&D and manufacturing facilities that Opgal can tap into. Previously, Vumii used contract manufacturing. Opgal's R&D team can help develop newer products.

Vumii's management team will remain with Opgal and the Atlanta office will be used as a primary US office.

1 report cite this report:

Investments & Acquisitions Directory 2011 on Dec 26, 2010
This directory provides a single source of information on funding and acquisitions in the video surveillance market. It is part of our Video...
Comments : PRO Members only. Login. or Join.

Related Reports

Arecont Acquisition By Costar on Jul 11, 2018
Arecont Vision acquisition by Costar Technologies has been approved by the court, concluding the bankruptcy process triggered by Arecont's...
Eastern and SavvyTech Merge, Form ENS, Targets ADI on Jul 09, 2018
ADI, ENS is coming for you. Or, at least, they hope. Two US distributors, NY based EasternCCTV and California based SavvyTech have merged, to...
New Top Bidder, Arecont Goes To Auction on Jul 05, 2018
$10 million cash will not be enough to buy Arecont. Though Arecont signed a purchase agreement with a turnaround specialist, a rival video...
Simplisafe Acquired At $1 Billion Valuation on Jun 29, 2018
Simplisafe, the competitor alarm monitoring companies historically most love to hate, has been acquired by a mega private equity firm for a $1...
Allegion Acquires Isonas on Jun 29, 2018
Isonas failed to 'revolutionize' access control as they regularly claimed. Now, nearly 20 years after their founding, they are being acquired by...
Pelco Is For Sale on Jun 27, 2018
Pelco is for sale, being shopped by an investment bank, IPVM has confirmed from multiple sources. The company, acquired by Schneider Electric in...
Axis Guardian - Cloud VMS And Alarm Monitoring - Released on Jun 19, 2018
Axis has struggled to deliver a cloud-based managed service video platform. Video service providers have utilized AVHS for over a decade, and have...
Buy Arecont: Top Bid $10 Million Cash on May 22, 2018
Last year, Arecont had a deal for a purchase price of $170 million (see Failed Arecont China Acquisition). This year, Arecont has a deal for a...
Canon Acquires Briefcam, Now Owns Briefcam, Milestone and Axis on May 09, 2018
Canon already owns two of the biggest names in video surveillance, Axis (acquired in 2015) and Milestone (acquired in 2014). Now, Canon...
Nortek Acquires IntelliVision on May 08, 2018
One of the largest intrusion manufacturers, Nortek, has acquired the self-proclaimed 'Leader in AI-Based Video Analytics Software',...

Most Recent Industry Reports

Free 100+ Manufacturer-Customized Camera Calculator Released on Jul 19, 2018
Now, any manufacturer has a customized IPVM Camera Calculator, free. The goal is to make it easier for companies to help their customers better...
Improved Security And Surveillance Bidding - 2018 MasterFormat Divisions Examined) on Jul 19, 2018
Navigating the world of system specifications and bidding work can be complex and confusing, but a standard format exists, and understanding it...
Last Chance - Security Sales Course Summer 2018 on Jul 19, 2018
Today is the last day to register. Based on member's interest, IPVM is offering a security sales course this summer. Register Now - IPVM Security...
Directory of Video Surveillance Startups on Jul 18, 2018
This directory provides a list of video surveillance startups to help you see and research what companies are new or not yet broadly known entity...
Ladder Lockdown and Ladder Levelizer Tested on Jul 18, 2018
Ladders are a daily necessity for surveillance and security installers, but working on an unstable surface can be extremely dangerous. In addition...
FST Fails on Jul 17, 2018
FST was one of the hottest startups of the decade, selected as the best new product at ISC West 2011 and backed with tens of millions in...
Axis ~$100 Camera Tested on Jul 17, 2018
Axis has released their lowest cost camera ever, the Companion Eye Mini L, setting their sights on a market dominated by Hikvision and Dahua. Can...
Amazon Ring Alarm System Tested on Jul 16, 2018
Amazon Ring is going to hurt traditional dealers, and especially ADT, new IPVM test results of Ring's Alarm system underscore. IPVM found that...
Hikvision Wins Chinese Government Forced Facial Recognition Project Across 967 Mosques on Jul 16, 2018
Hikvision has won a Chinese government tender which requires that facial recognition cameras be set up at the entrance of every single mosque...
Installing Dome Cameras Indoors Guide on Jul 16, 2018
IPVM is producing the definitive series on installing surveillance cameras. This entry covers one of the most common scenarios - installing dome...

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