ObjectVideo Acquired by Alarm.com

By: Brian Karas, Published 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 remained of the company following Avigilon's 2014 acquisition of ObjectVideo's patents for $80 million.

In this report we analyze this acquisition by Alarm.com, and also reveal details on the acquisition price, which Alarm.com is not disclosing in their releases.

**** *********** *** **** recognized **** ** ***** analytics, *********** *** *********** **** sold *** ******.

*****.*** *** *** ******** what ******** ** *** company following********'* **** *********** ** ObjectVideo's patents *** $** *******.

** **** ****** ** analyze **** *********** ** Alarm.com, *** **** ****** details ** *** *********** price, ***** *****.*** ** not ********** ** ***** releases.

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

What ******** ** ***********

*****.***'* ***** ************* *** *********** ****** ObjectVideo's "********, ********** ********* *** personnel", ******* * ****** familiar **** ** ****** this *** ********* ** acquisition ** *** ********* OV *********. **** ***** the *********** **** ** an "*********" **** * *********** acquisition, ** ** *** little ********* ***** ** the ******* ***** ******* its ******* ** ******** previously.

***** ****** ***** **** commercial ******** *** ***** analytics ***** ***, **** business *** **** ********** for *****. *******, ** believe ** ***** *** some ********** ********* / projects.

Acquisition *****

*** *********** ****** ** the $* - * million *****, **** *********. While Alarm.com ** *** ********** the *********** *****, ** can ** ********* **** details ******** ** ********'* ****** ********* *********:

*** ****** *** **** payment ** **** ******** was ******** ** **% of *** ******** ** a ****** **** ** ObjectVideo. ************, ******** ** entitled ** * ******* of ******* ******* *********** receives *** *** ******** the ******* ******** *** sells:

** **** ** *** patent ***********, ******** ******** received ~$*.** **** *** acquisition ** *****, **** $.75M ***** **** ** escrow, *** *********** ** be ********:

*** $*.** ** **** likely ******* **** *** direct *********** ** ***********, with *** $.*** ***** related ** ******** **** ObjectVideo ** ** *** process ** **********, ** expecting ** ******* **** year.

Becoming *********** ****

*****.***'* ********** ****** *** acquisition *** **** *********** will ** ******* *********** Labs, *** **** ******** operation ****** *****.***, ********** analytics-related ************* *** *****.***'* offering.

*** ********** ******* ** that **** ********* *** based ** *** **** geographic ****, ****** ** easier ** ********** *** Object ***** ********* **** Alarm.com.

Alarm.com *********** *****

****** *** **** *** years, *****.*** *** ******** *****-**** ******* ******** ***** from ******** *** $*** *******, ** well ** ******* ***** for *********, *** ******-* (** ***** **** ********). These ************ *** ** to *****.***'* ******* ******** for ********** *** ******** connected-home ***** *** ********.

Video ******** ********* *****

**** **** ****** / Nest *** **** **** its ***** ***** ***** analytics, ** ***** **** sense *** *****.*** ** *** similar ***** ********* ** their *****-******* ******* ***** home ******** **** ** an ********** ********* / offering.

Comments (5)

Avatar

Christian Laforte

03/27/17 03:04pm

Just a guess... I doubt that ObjectVideo had that many employees left... but it's possible that ObjectVideo still had accrued losses totaling millions of dollars (especially if the sale of IP assets to Avigilon was structured to minimize tax gains). That may still be worth millions of dollars for a profitable US-based acquirer like Alarm.com. 

Undisclosed #1

03/27/17 04:38pm

ObjectVideo will be renamed ObjectVideo Labs...

Because "Labs"  has such a positive industry association, especially with video analytics.

John Honovich

IPVM | In reply to Undisclosed #1 | 03/27/17 04:46pm

Because "Labs" has such a positive industry association, especially with video analytics.

But Alarm.com does not really operate much in the traditional commercial / industrial segment of the business so I doubt that BRS Labs means much of anything to them.

I grant you, anytime I hear companies with the word 'Labs' in them, I am skeptical unless it is clearly something with strong academic ties / foundations.

Undisclosed #1

In reply to John Honovich | 03/28/17 12:26am

...I doubt that BRS Labs means much of anything to them.

I didn't realize they weren't members ;)

John Honovich

IPVM | In reply to Undisclosed #1 | 03/28/17 12:37am

I think most IPVM members never cared about BRS Labs. While BRS blew throw maybe $200 million, they never had that many customers and therefore did not touch / interact / impact most companies in the space, and certainly not in residential which is Alarm.com's core market.

Read this IPVM report for free.

This article is part of IPVM's 6,379 reports, 860 tests and is only available to members. To get a one-time preview of our work, enter your work email to access the full article.

Already a member? Login here | Join now

Related Reports

Avigilon Acquired By Motorola Solutions on Feb 01, 2018
Avigilon has finally been acquired. The acquirer is Motorola Solutions, a $16 billion market cap publicly traded company who sells direct and has...
Avigilon Admits Contacting 70 Bidders on Mar 01, 2018
A new Avigilon financial disclosure shows that Avigilon, via its banker, had contacted 70 bidders in a formal 'sales process' conducted in late...
Open Options Acquired By ACRE on Dec 17, 2018
ACRE is doing deals again. A year after they sold Mercury, they are buying another access control company - Open Options. In this note, we...
Dormakaba Presents Switch Tech Smartlocks on May 01, 2020
Dormakaba presented its Switch Tech smartlock at the April 2020 IPVM New Products show. Inside this report: A 30-minute video from...
Ex-ADT President And PE Firm Pay $200M+ For Alarm Dealer Guardian on May 31, 2017
Private equity firms are on the hunt for security companies with strong RMR numbers. One such security company, Guardian Alarm, was recently...
Milestone Disrupts Milestone With Arcules on Nov 19, 2018
Milestone is now competing against... Milestone's own spinout Arcules. New IPVM testing shows that Arcules has incorporated a substantial amount...
Avigilon VP Communications Exits on Jun 27, 2017
In 2016, Avigilon hired an executive, Darren Seed to: build and maintain strategic relationships with the investment community and to...
Acquisitions - Winners and Losers on Dec 10, 2019
Most major manufacturers have been acquired over the last decade. But which have been good deals or not? In this report, we analyze the...
Axis / Canon Launch 20MP Avigilon Rival on Sep 12, 2016
For years, Avigilon has essentially owned the 'super high resolution' single imager market. And Axis has resisted, most famously in 2012, when...
Avigilon Responds to Direct Sales Discussion on Jan 24, 2017
In a discussion, an integrator posted that an Avigilon inside sales rep contacted him, mistakenly believing he was an end user, looking to set an...

Most Recent Industry Reports

Avigilon ACC Cloud Tested on Jul 08, 2020
Avigilon merged Blue and ACC, adding VSaaS features to its on-premise VMS, offering remote video and health monitoring that was previously limited...
The US Fight Over Facial Recognition Explained on Jul 08, 2020
The controversy around facial recognition has grown significantly in 2020, with Congress members and activists speaking out against it while video...
Sperry West / Alibaba Tablet Temperature Measurement Tested on Jul 07, 2020
In April, we ordered a ~$500 temperature tablet from Alibaba. We set it to the side while doing 18 other temperature screening tests but, after...
Facial Recognition: Weak Sales, Anti Regulation, No Favorite, Says Security Integrators on Jul 07, 2020
While facial recognition has gained greater prominence, a new IPVM study of security systems integrators shows weak sales, opposition to...
Video Surveillance 101 Book Released on Jul 07, 2020
IPVM's unique introduction to video surveillance series is now available as a 145-page eBook. Designed for managers, salespeople, and engineers new...
Startup Duranc Presents AI VSaaS on Jul 06, 2020
Duranc presented its system at the May 2020 IPVM Startups show. A 30-minute video from Duranc including IPVM Q&A Background on the...
Low Voltage Nation Wants to "Help You Carve Out A Fulfilling Career" Interviewed on Jul 06, 2020
It is difficult to make your way in this industry as there is little formal schooling. However, one person, Blake Urmos, the Founder of Low Voltage...
The Next Hot Fever Detection Trend - $100 Wall-Mounted Units on Jul 06, 2020
The first wave of the booming fever detecting market was $10,000+ cameras, now interest for ~$2,000 tablets is high and the next big thing may be...
Cisco Meraki Unlocks IP Cameras With RTSP Tested on Jul 06, 2020
Meraki opened up its cameras to 3rd party NVRs/VMSes by offering RTSP streaming because of "the need to solve a business problem". We tested...