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Alarm.com (NASDAQ: ALRM) has announced the acquisition of Vintra, a software provider specializing in AI-powered video analytics for the commercial sector. This acquisition aims to enhance Alarm.com's deep learning capabilities and accelerate the deployment of advanced video analytics across its platforms. Vintra's technology transforms video data into actionable intelligence, capable of tracking various objects and events.
The integration of Vintra's team and technology is expected to solidify Alarm.com's leadership in AI and machine learning within the security domain. Financial terms of the deal were undisclosed, but the acquisition is seen as a strategic move to expand Alarm.com's market presence and offer innovative solutions to service providers and integrators.
Positive
Acquisition of Vintra's core intellectual property and technical teams enhances Alarm.com's AI capabilities.
Integration is expected to accelerate deployment of advanced video analytics solutions.
The acquisition is likely to open new growth areas for Alarm.com and its partners.
Negative
None.
TYSONS, Va.--(BUSINESS WIRE)--
Alarm.com (Nasdaq: ALRM), the leading platform for the intelligently connected property, today announced the acquisition of substantially all assets of Vintra, a software provider of award-winning AI-powered video analytics for the enterprise commercial market. 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.
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.
"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," said 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. 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."
Alarm.com acquired 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 at the time of closing.
About Alarm.com Alarm.com is the leading platform for the intelligently connected property. Millions of consumers and businesses depend on Alarm.com's technology to manage and control their property from anywhere. Our platform integrates with a growing variety of Internet of Things (IoT) devices through our apps and interfaces. Our security, video, access control, intelligent automation, energy management, and wellness solutions are available through our network of thousands of professional service providers in North America and around the globe. Alarm.com's common stock is traded on Nasdaq under the ticker symbol ALRM. For more information, please visit alarm.com.
