Motorola Solutions continued its recent string of video surveillance and security acquisitions on Tuesday with the acquisition of Envysion Inc., a provider of enterprise cloud-based video security and business analytics solutions for the quick-service restaurant and retail industries.
Envysion's cloud-based technology integrates video systems with sales data to proactively identify potentially fraudulent transactions and highlight sales patterns and in-store activity without the need to monitor hours of video footage. It will presumably be integrated into the Avigilon, Pelco and IndigoVision platforms.
"The combination of video and analytics continues to play a powerful role in supporting enterprise security,” Greg Brown, Motorola chairman and CEO, said in a statement. “With Envysion, we will bring greater operational efficiency and safety to the vast restaurant and retail industries across the U.S., expanding our presence and reinforcing our strategy as a global leader in end-to-end video security solutions.”
Relied upon by restaurants, convenience and specialty stores, Envysion’s platform helps to identify and resolve theft and support priorities such as customer and employee safety, workplace productivity and physical security. Business owners have access to actionable insights to drive better management decisions to reduce loss, mitigate risk and enhance profitability.
Terms of the transaction were not disclosed.
