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When Nortek Security & Control pulled the trigger on last week's acquisition of California-based artificial intelligence and deep learning-based video analytics vendor IntelliVision, the move essentially propelled the company into the expanding universe of solutions providers vying for their niche in the Internet of Things (IoT). By virtue of the acquisition, Nortek is now uniquely situated to become one of the few technology companies that could eventually build the elusive IoT bridge that will link residential, commercial, institutional, retail and public safety sectors into a seamless and actionable communication network.
For security industry analyst Saliq Kahn, Vice President at Imperial Capital, a global investment and research firm, the addition of IntelliVision's cutting-edge technology and advanced research personnel puts Nortek on the fast-track in the growing analytics space and will allow it to penetrate myriad new markets.
"The strategic acquisition of IntelliVision is a great addition to Nortek and can accelerate the company's growth in edge-based analytics. Nortek is now a very different company than it was years ago and has an opportunity to become a visible player in the Internet of Things in key business segments. This transaction puts them in the driver seat to leverage real-time video and audio analytics and further penetrate premises control and automation, safe and smart cities, and health and wellness segments. The key to making this an operationally successful and accretive acquisition rest's in Nortek's ability to effectively integrate the technologies, people and culture of both companies," says Kahn.
The acquisition of IntelliVision now ensures Nortek's foray into advanced video analytics that will provide actionable insights for both security and...