fbpx
17.5 C
Sydney
Saturday, April 20, 2024

Buy now

  • HIKVISION
  • HIKVISION
  • HID
HomeNew ProductsAgent Vi Acquired By Irisity AB

Agent Vi Acquired By Irisity AB

Agent Vi has entered into an agreement for its sale to Iristy AB, a listed AI video analytics company based in Sweden, for $US67m in cash and shares of Irisity.

Irisity, founded in 2008, develops and markets video analytics software products for improved security and surveillance, and is publicly listed in the Nasdaq First North Growth market in Stockholm.

Through the acquisition and merger of the companies, they will become the leading global AI video analytics provider, offering a broad range of software and Software as a Service (SaaS) solutions for automatic analysis of surveillance footage and real-time video streams.

The companies’ products are used by customers worldwide to improve their surveillance operations by harnessing the power of the AI software to automatically detect events of interest in real-time and quickly search through recorded video, allowing quick and effective response to security and safety events.

“We are very happy in welcoming this successful team to Irisity,” said Irisity CEO, Marcus Bäcklund. “Agent Vi has built a market-leading brand and global presence, and we are impressed by both the team and the technology.”

The companies together have global operations with offices in Sweden, Israel, USA and Singapore, a network of over 1000 resellers and partnerships with dozens of leading security monitoring companies. The transaction is expected to close during Q4 2021, subject to customary closing conditions.

#sen.news

thumbnail Wall phone 960x105 Apr21 1

AUTHOR

SEN News
SEN Newshttps://sen.news
Security & Electronics Networks - Leading the Security Industry with News and Latest Events. Providing information and pre-release updates on the latest tech and bringing it all to you daily. SEN News has been in print for over 20 years and has grown strong as a worldwide resource in digital media.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related Articles

TODAYS WEATHER

17.5 C
Sydney
16.8 C
Canberra
30.4 C
Darwin
15.9 C
Hobart
28 C
Perth
23.7 C
Brisbane
17.7 C
Auckland
25.5 C
Melbourne

RECOMMENDED

- Advertisement -

POLL

RECOMMENDED