Johnson Controls has announced that it has acquired Smartvue, an IoT and video provider which empowers cloud video surveillance and IoT video services.
Smartvue’s global video surveillance and IoT video cloud platform is supported today in 140 countries and serves customers such as telcos, cable companies, security firms, storage providers, device manufacturers, and other organisations. The platform supports IoT technologies that enable secure video in devices to connect with the cloud.
“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.”
Martin Renkis, Founder and CEO of Smartvue Corporation said: “Integrating our technology and innovation with Johnson Control’s leadership and global reach will deliver exponential new value to the IoT and security industries.”