Acquisition includes unique and powerful advanced video analysis technology for retailers
Pembroke, Bermuda - July 16, 2008 - Tyco International (NYSE: TYC; BSX: TYC) today announced the acquisition of the assets of IntelliVid®, a leading developer of retail-focused intelligent video analysis solutions to add to its American Dynamics® portfolio of video security technologies. Since 2003, privately-held IntelliVid has provided its retail customers with business intelligence applications that utilize video analytics for loss prevention, customer safety, compliance, and merchandising.
"We are continuing to invest in our American Dynamics brand of video solutions through R&D and acquisitions. We are pleased to add IntelliVid's advanced video analytics, which should significantly improve our offering to key markets, including retail," said Don Lyman, vice president and general manager of Tyco International's access control and video systems business unit.
The acquired assets include IntelliVid's complete line of Video Investigator® solutions, Point of Sale (POS) Accelerators, and Computer Aided Tracking software. The new solutions will leverage American Dynamics VideoEdge® technologies, allowing recorded video to be used for real-time and forensic theft prevention and store intelligence solutions. Future releases will include integration with Intellex® digital video management systems.
Video Investigator refines large amounts of video into key streams of information that allows real-time response to critical situations and forensic investigations. Integrated with POS transaction data, the video can be used to effectively capture illicit behaviors that can result in loss of profits. Used as a sales and marketing tool, the video can also capture pertinent consumer shopping patterns and behaviors providing retailers with information to analyze for strategic planning.
"IntelliVid's patented technology complements our existing portfolio of high-performing video solutions and allows us to quickly deliver effective video analysis solutions to the market," said Chuck Hutzler, vice president of R&D for American Dynamics solutions. "Our retail customers should realize significant return on investment by transforming video technology into useful operational information."
"We are thrilled to be joining the American Dynamics video systems team and to immediately contribute to the company's goal of providing leading edge video technologies," said Patrick Sobalvarro, president & CEO of IntelliVid.
Financial terms of the acquisition were not announced.
About Tyco International
Tyco International (NYSE: TYC) is a diversified, global company that provides vital products and services to customers in more than 60 countries. Tyco is a leading provider of security products and services, fire protection and detection products and services, valves and controls, and other industrial products. Tyco had 2007 revenue of more than $18 billion and has 118,000 employees worldwide. More information on Tyco can be found at www.tyco.com.
About Tyco International's American Dynamics® CCTV and video technologies
Tyco International's American Dynamics® CCTV and video technologies have earned a reputation for innovation and reliability around the globe. With pioneering breakthroughs in security technology, the American Dynamics brand has always been at the forefront of the industry with the most popular and easy to use digital video management system in the industry: Intellex®. The American Dynamics portfolio also includes a comprehensive selection of domes, cameras, matrix switchers, keyboards, multiplexers, monitors, and video accessories-everything required for a complete, state of the art video surveillance system. With a powerful integration platform, American Dynamics solutions work seamlessly with Software House® and Kantech™ access control products, as well as other important business applications, to provide customers with greater ease of operation and faster access to the information they need in critical situations.
For more information on American Dynamics CCTV and video solutions, visit www.americandynamics.net
Back to top
Back to Press Releases
|