Security Systems News

JUN 2018

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Page 38 of 42 JUNE 2018 SECURITY SYSTEMS NEWS suppliers 32 Security Systems News is looking for nominations for the 2018 "20 under 40" awards. These awards recognize 20 of the security industry's current and future young leaders, who are age 40 or younger. Nominate a young security leader! For more information and to make a nomination, visit: Deadline: June 30 By Spencer Ives CARLSBAD, Calif..—Nortek Security & Control recently announced that it acquired IntelliVision Technologies Corp., a manufacturer of smart cameras, AI and video analytics software based in San Jose, Calif. "We knew this was something we needed to strengthen in our business and we were very for- tunate to be able to work with IntelliVision and work out a purchase of their business," Mike O'Neal, NSC president, told Security Systems News. IntelliVision will operate as a wholly owned subsidiary of NSC, according to the announcement. Financial terms of the deal were not announced. "We've been eyeing businesses like this … for a couple years," O'Neal said. "We did a pretty exhaustive search of available resources that we could add to our business." O'Neal placed value on the team at IntelliVision, which con- sists of about 80 people, many of which are engineers. "They have both a very solid team of folks who build the analytics … and then they have a proven capability to actually implement those analytics in products," he said, adding that IntelliVision has worked with companies includ- ing Ring and Netgear, among others. "They've got a proven team that I think can accelerate our ability to transform many of our products in our business and … get us ahead of the game," said O'Neal. According to O'Neal, the acqui- sition will allow NSC to "redefine many of our products, across the entire Nortek Security & Control business, whether they be what we're doing with garage door openers and gates, whether it be what we're doing on the AV side, on the home control side, or in the security side. It'll extend to what we're doing on the health and wellness side of the business as well. In all of those areas, our products can now take advantage of edge-based analytics." Nortek's focus is on edge-based analytics, as opposed to cloud- based analytics, O'Neal noted. O'Neal projected that the first major debut of NSC prod- ucts including elements from IntelliVision will be at CES 2019. "We've already got roadmaps laid out with the IntelliVision team to move forward on some of these products," he said. "We are thrilled to become part of Nortek Security & Control," Vaidhi Nathan, IntelliVision CEO, said in a prepared state- ment. Nathan will stay on to lead video analytics and artificial intelligence development under the NSC umbrella. Nathan continued, "We now have the support and resources of a major market-leader. Plus, integrating IntelliVision's AI and video analytics technologies into NSC's security, control and enter- tainment platforms will create clear leadership advantages in the markets we collectively serve." IntelliVision's headquarters are in San Jose, Calif., with an office in Europe and an office in Asia. SSN Nortek Security & Control to buy IntelliVision, a software company to join the board, and look forward to working with other board members on this critical issue." J e f f r e y H e , p r e s i d e n t of Hikvision USA Inc. and Hikvision Canada Inc., added, "Hikvision North America's ongoing commitment to cyber- security is reflected through a broad range of initiatives designed to keep property and assets safe, including growing our dedicated cybersecurity team, creating the industry's first Source Code Transparency Center, and launching a cyber- security hotline for our part- ners. We believe collaborative efforts such as the SIA board are vital, and we applaud SIA's leadership on cybersecurity." Hikvision is a global pro- vider of artificial intelligence, machine learning, robotics and other emerging technologies, as well as a leading provider of video surveillance products, equipment and services. SSN By SSN Staff LOS ANGELES—Hikvision USA Inc. announced that its director of cybersecurity, Chuck Davis, has been appointed to the Security Industry Association's (SIA) Cybersecurity Advisory Board. The board is designed to guide SIA members in address- ing potential cybersecurity threats, develop prescriptive guidance, and advocate for cybersecurity strategies and solutions for issues impacting the physical security industry. The board's leadership enables SIA to prepare its members for challenges related to the wider adoption of the Internet of Things and the use of secure networked devices for security. "Effective cybersecurity defense requires an indus- try-wide effort, and the SIA Cybersecurity Advisory Board is one of the industry's leading resources," Davis said in the announcement. "I'm honored Cybersecurity director for Hikvision on SIA board

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