Johnson Controls announced on Monday that it has acquired cloud video services provider Smartvue. In a statement, Johnson Controls said that the addition of Smartvue’s cloud-based video platform will enhance their offering of an end-to-end, smart cloud-based solution that can provide business data and intelligence.
Nashville-based Smartvue’s global video surveillance and IoT video cloud platform is supported today in 140 countries and serves a number of different customers, including telcos, cable companies, security firms, storage providers, device manufacturers, and other organizations. Smartvue also boasts an intellectual property portfolio that includes more than 800 granted utility patent claims from its nearly 20-year history.
“The addition of Smartvue’s open API cloud architecture to the Johnson Controls portfolio bolsters our ability to provide scalable video as a service in a highly cost effective, fast and secure way,” said David Grinstead, vice president and general manager, Security Products, Building Technologies & Solutions, Johnson Controls. “This acquisition will only strengthen our potential to more fully harness the power of cloud-based video and provide opportunities for our partners to derive new revenue streams as the industry’s adoption of cloud increases.”
"Smartvue is a trusted name that has made buildings and homes secure, infrastructure more effective, and cities smarter for more than 20 years," said Martin Renkis, Founder and CEO of Smartvue Corporation. "Integrating our technology and innovation with Johnson Control's leadership and global reach will deliver exponential new value to the IoT and security industries."
