Alarm.com Acquires Assets from Vintra, AI-based Video Analytics Company

TYSONS, Va. – Alarm.com has announced the acquisition of substantially all assets of Vintra, a software provider of AI-powered video analytics for the enterprise commercial market. Alarm.com acquires Vintra’s core intellectual property, its research scientists, software engineers, and technical services teams as part of the acquisition. Financial details of the transaction were not disclosed.

Integrating Vintra’s software capabilities and its experienced science and engineering teams will expand Alarm.com’s deep learning program and accelerate deployment of advanced video analytics solutions for the Alarm.com and OpenEye platforms, states Alarm.com.

“The Vintra team adds to Alarm.com’s science and engineering expertise in the field of AI and machine learning, and we’re excited to welcome them on board,” says Jeff Bedell, Alarm.com’s president of ventures business and corporate strategy.

“The acquisition expands the specialization of Alarm.com’s AI team and will extend our leadership in this important domain,” he continues. “Our goal is to deploy market-defining video analytics solutions, scale them across the Alarm.com and OpenEye platforms, and open new areas of growth for our service provider and integrator partners.”

Launched in 2016, Vintra’s cloud platform transforms data from any video management system into actionable and trusted intelligence that can improve how organizations monitor and search for critical security events. Vintra’s AI models can track a range of objects and events, including a specific person, two or four-wheeled vehicles, bags, or a person-down situation. Its re-identification algorithm can track a person of interest across hundreds of cameras in real-time and can search large amounts of video recordings to find video clips of the person of interest within minutes, states the company.

The post Alarm.com Acquires Assets from Vintra, AI-based Video Analytics Company appeared first on Security Sales & Integration.



from News Archives - Security Sales & Integration https://www.securitysales.com/business/mergers/alarm-com-acquires-assets-from-vintra-ai-based-video-analytics-company/
via IFTTT

Comments

Post a Comment

Popular posts from this blog

Total Tech Summit Puts Call Out for Top Integrators to Apply Now

Image
FRAMINGHAM, Mass. — Total Tech Summit announces that applications are now being accepted to attend this year’s event. Comprised of the  SSI Summit, CE Pro Summit and Commercial Integrator Summit, this year’s event will take place in Las Vegas at the MGM Grand Hotel and Casino, Nov. 13-15. At this all-expense-paid, exclusive event, VIP guests will have the chance to sit in on industry-defining sessions, key boardroom presentations, and be able to meet one-on-one with potential vendors. Total Tech Summit brings together the best in class to share ideas, learn from others, and most importantly, accelerating the next stage of their businesses. It is the only event of its kind that bridges channels and connections by bringing together professional security, commercial AV and residential AV integrators. Another perk of the Total Tech Summit is the VIP Peer-to-Peer groups. These group conversations take place throughout the months leading up to the event and are guided by the editors of t
Read more

Evolv Technology, Pittsburgh Pirates Team Up for Fan-Friendly Ballpark Security

Image
WALTHAM, Mass.—Evolv Technology has announced its partnership with Major League Baseball’s Pittsburgh Pirates, adding to the growing list of Pittsburgh, Pa. venues that have teamed up with Evolv to help keep people safe, including the Pittsburgh Cultural Trust and Acrisure Stadium, home of the Pittsburgh Steelers. When the Pirates opened the gates at PNC Park for the 2023 MLB season in early April, all attending fans passed through Evolv’s state-of-the-art Evolv Express screening solution, which uses sensor technology with artificial intelligence (AI) to provide safer, more accurate threat detection at unprecedented volume and speed, the company states. Fans can now walk through without always having to stop or open bags, reducing long lines and allowing guests to make their way directly into the ballpark. “What continues to make PNC Park so special, aside from the physical design, is the total fan experience. That begins from the moment they walk up to our gates,” said Travis Willi
Read more

Minnesota AG Calls for Cancellation of Home Security Contracts for Alleged Fraud

STEARNS COUNTY, Minn. — Bring Me the News reports that Minnesota’s Attorney General, Keith Ellison, says he’s gotten consumers in Stearns County out of home security contracts after they were misled by a door-to-door salesman. According to the report, Ellison’s office announced that home security companies Skyline Security Management and Safe Home Security have agreed to their cancel contracts with customers in and around Stearns County who purchased their systems from door-to-door salesman Gary Harvey. “Door-to-door salesmen and their employers are in the business of trust-building,” Ellison said in a statement. “They know they need to have your trust to sell you their products, particularly expensive products like security systems that are supposed to keep your home safe. When that trust is betrayed, it’s emotionally and financially painful. I appreciate Skyline and Safe Home taking the right step in canceling these contracts while my office does what we can under the law to hold M
Read more