Alarm.com Expands AI Program with Asset Acquisition from Vintra, an AI-based Video Analytics Company
26 April 2023 - 6:30AM
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230425005432/en/
Julie Rollend Alarm.com jrollend@alarm.com
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