Security Sales & Integration October 2021 - 20

VIDEO
IMAGING RECORDING MANAGEMENT
Video Analytics Specialist Irisity
to Pay $67.5M for Agent Vi
▶ LINDHOLMEN, Sweden - Video analytics
provider Irisity, based here, has entered
into an agreement to acquire Agent
Video Intelligence (Agent Vi), a provider
of AI-based video analytics, for $67.5
million. The purchase price on cash- and
debt-free basis will be paid with $8 million
in cash and $59.5 million in Irisity shares,
according to an announcement. The merger
creates a global leader in advanced AI
video analytics for security and surveillance,
according to the announcement.
Agent Vi, headquartered in Israel with
offices in the United States and Singapore,
operates worldwide through a network of
resellers and global partnerships, including
G4S and Securitas. Agent Vi's total
ed to contribute with revenue exceeding
$12 million for the coming 12 months
and is expected to contribute to positive
cash flow on an annual basis in 2021.
Being of equal size, with complementary
customer sets and geographical coverage,
the merger is expected to enable synergy
effects within product development,
technology, marketing and sales.
The merger is said to create a global
leader in advanced AI video analytics
for security and surveillance.
revenue in 2020 was $6.1 million, with
net profit of $300,000, according to the
announcement. The acquisition is expectQuantum
to Acquire Hyperconverged
Software Firm EnCloudEn
▶ SAN JOSE, Calif. - Quantum Corp. has announced a definitive
agreement to acquire the assets of EnCloudEn, an early stage hyperconverged
infrastructure (HCI) software company. Terms of
the transaction had not been disclosed at press time.
The agreement follows Quantum's recent acquisition of the
surveillance business assets of Pivot3, an early pioneer of hyperconverged
infrastructure for video surveillance workloads.
The EnCloudEn acquisition will enable Quantum to expand the
addressable market for the company's video surveillance portfolio,
offering customers a solution using their server hardware of
choice with a flexible subscription-based software model.
EnCloudEn's approach to simplicity and automation integrates
tightly with Quantum's strategy to offer customers intuitive endto-end
solutions for the video data lifecycle, according to the announcement.
" The
recent acquisition of Pivot3's surveillance business assets
brought a customer-proven solution, an established customer
base, an established go-to-market, and an experienced team for
the mission-critical video surveillance and physical security market, "
says Jamie Lerner, chairman and CEO, Quantum.
EnCloudEn was founded in 2015 and is headquartered in Bangalore,
India. The company built an HCI software stack that is said
to deliver software-defined compute, storage and networking in
one virtualized platform. The solution is used by large banks, engineering
companies and pharmaceutical industries in India.
20
Security Sales & Integration OCTOBER 2021
" Together we have an even stronger position
serving an accelerating international
demand for high precision analytics,
continuously building shareholder value, "
says Lennart Svantesson, Irisity chairman.
The transaction is expected to close
during Q4 2021, subject to customary
closing conditions.
HikCentral Platform Enables Remote Security
Ops Management
▶ CITY OF INDUSTRY, Calif. - Hikvision's new HikCentral Professional
platform is billed as providing a centralized software solution
to remotely view and manage all facets of an organization's
integrated physical security systems.
The platform delivers integration and management capabilities
for video surveillance, access control, video intercom and various
specialty solutions such as under vehicle surveillance, along with a
host of embedded intelligent analytics and system analysis tools.
" HikCentral Professional provides security professionals with a
comprehensive yet cost-effective solution that delivers advanced
system integration, control and management to effectively improve
physical security operations, " says John Xiao, vice president
marketing, Hikvision USA.
The platform is said to provide full featured VMS operation
with remote management across multiple sites. The platform is
scalable to accommodate users' evolving needs and is designed
for easy operation with user friendly drop-down menus, as well as
detailed device, event and health monitoring features to ensure
uninterrupted operation.
Advanced VMS features include visual tracking of individuals
across the surveillance network, adaptive video display windows
to customize administrators' camera views, and map management
of system devices with click to view capability and visual alarm
identification. The platform is embedded with advanced analytics
including motion analysis, line-crossing detection and more.
securitysales.com
http://www.securitysales.com
Security Sales & Integration October 2021

Table of Contents for the Digital Edition of Security Sales & Integration October 2021
