Motorola Solutions has added yet another video surveillance technology provider to its portfolio as the company announced on Tuesday that it has agreed to acquire Calipsa, a London-based provider of video analytics. Terms of the deal were not disclosed.
Calipsa’s cloud-based platform enables businesses to verify alarms with the help of AI-powered analytics and offers a variety of other capabilities, including content-based searches, tampering detection and real-time camera health monitoring.
“We believe AI, spanning from the edge to the cloud, is driving the future of video security,” Greg Brown, Chairman and CEO, Motorola Solutions, said in a statement. “With Calipsa, we can rapidly extend our intelligent analytics across any video security solution and support the accelerating trend of enterprises using cloud technologies to enhance safety and security.”
“Both Calipsa and Motorola Solutions share the mission of keeping enterprises and communities safe,” added Mohammad Rashid, CEO, Calipsa. “Joining the Motorola Solutions team enables us to accelerate the development and broaden the reach of our innovative technologies that transform video from a retroactive investigative tool into a proactive response tool.”
The purchase is the latest in string of industry acquisitions that Motorola Solutions has undertaken since acquiring Canada-based Avigilon in 2018. Among these include:
- March 2022 – Ava Security
- November 2021 – Envysion
- July 2021 – Openpath
- August 2020 – Pelco
- March 2020 – IndigoVision
- July 2019 – WatchGuard
In an earnings call earlier this year, Brown told investors they expect the company’s video security and access control business to grow by approximately 20% in 2022 having increased their market share in 2021 with an expectation to do the same this year.
“We've refreshed the camera portfolio. We're doing more investment in software and analytics,” Brown said during the call. “I like our execution. The addressable market in 2022 is now, we believe, $18 billion, $3 billion larger than last year. We're taking share, we're growing and I like our outlook.”
