Kastle Systems acquires Checkvideo

Kastle Systems International, provider of managed security solutions, announced that it has acquired Checkvideo, a provider of cloud-based intelligent video surveillance. Bringing together advanced technology, an expert team, and a broad portfolio of intellectual property and patents, Kastle and Checkvideo will redefine delivery and performance in video surveillance services.

Video surveillance is a critical part of security today. Smart video— or the ability to enable surveillance systems to automatically detect security issues, transforms video's effectiveness. Kastle's acquisition of Checkvideo enables it to deliver smart video in a HD manner, over the web using patented advanced video analytics.Checkvideo will become a wholly owned subsidiary of Kastle and remain an independently operating business unit. Kastle intends to not only support, but accelerate and strengthen, Checkvideo's model of working through its monitoring and reseller partners.

"Video is becoming ubiquitous as a means to enhance security,” said Mark Ein, Chairman, Kastle. “The unique visual content and data -- that can only come from video -- changes what can be done from managing a business to securing a city."

"The market is ripe for innovation to redefine how video is analyzed, stored and delivered," said Piyush Sodha, CEO and Co-Chairman, Kastle. The company, which has established a pioneering role in access control services hopes achieve the same status in video surveillance. The company's aggressive pursuit of the video surveillance sector is contributed by its significant value to customers.

"For the last decade, Checkvideo has been hard at work building a distinctive intelligent video solution," said Chris Brown, VP, Checkvideo. "Our growing list of monitoring partners, resellers and end users are a testament to the fact that Checkvideo has the answer that the market wants.” Checkvideo's merge with Kastle will bring more than a new large market channel, it also provides significant resources for the company to build upon its platform and accelerate the overall market penetration for video as a service.

As a privately held entity, specific financial terms of the agreement are undisclosed.