Tyco International announced the acquisition of the assets of IntelliVid, a 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.
Tyco International announced the acquisition of the assets of IntelliVid, a 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, VP and GM of Access Control and Video Systems Business Unit for Tyco International.
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 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, VP of R&D for American Dynamics solutions. "Our retail customers should realize significant return on investment by transforming video technology into useful operational information."