Security Business

JUN 2018

Find news and information for the executive corporate security director, CSO, facility manager and assets protection manager on issues of policy, products, incidents, risk management, threat assessments and preparedness.

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10 Security Dealer & Integrator / June 2018 Read more on this acquisition: SECURITY WATCH Top Story BY STEVE LASKY, EDITORIAL DIRECTOR in all of Nortek's future products and technology development while con- ceding that, historically, Nortek did not have the in-house solutions or R&D acumen to provide it. "We looked for a partner or resource that could help move our products forward," O'Neal says. While Nortek has solidified its rep- utation in the residential and smart home marketplace, folks like Joe Roberts have eyes on substantially growing the business beyond it. As EVP of Marketing and Innovation, he works with executives to provide a long-term roadmap. Expansion into the commercial sector in a more robust manner is the next challenge. "We have a substantial R&D foot- print at Nortek already; however, when we looked at (adding) AI and deep-learning embedded tech- nology, we wanted to make sure we would do it well," Roberts says. "We didn't want to dabble in it. IntelliVision was uniquely positioned with proven technology that has been deployed as much in commer- cial and even enterprise as it has been in residential." ■ Nortek Adds AI Technology with IntelliVision Acquisition Advanced technology to lead the company and its partners into new markets An added bonus for Nortek is its absorbtion of numerous patents and the more than four million cameras that IntelliVision's analytic software is embedded in around the world. "Physical security companies are starting to make strategic invest- ments and acquisitions in AI and data analytics technologies, but the work has just begun," Khan says. "The physical-cyber technology conver- gence is in the very early stages, but it can improve the coordination of resources in daily routines or critical situations, and provide for a greater return on investment (ROI) from existing products and infrastructure." Nortek President Mike O'Neal says the work is just beginning for his existing team and the new acquisi- tion members. "To be a company that thrives in the environment we are in today and in the next 10 years, we need these capabilities," he says. O'Neal adds that eventually there will be some sort of analytics involved When Nortek Security & Control acquired artificial intelligence and deep learning-based video analyt- ics vendor IntelliVision in May, the move essentially propelled the com- pany into the expanding universe of solutions providers vying for a niche in the Internet of Things (IoT). Nortek now stands to become one of the few technology compa- nies that could eventually build an IoT bridge that will link residential, com- mercial, institutional, retail and public safety sectors into a seamless and actionable communications network. "Nortek is now a very different company than it was years ago and has an opportunity to become a visi- ble player in the Internet of Things in key business segments," says secu- rity industry analyst Saliq Khan, VP at Imperial Capital. "This transac- tion puts them in the driver's seat to leverage real-time video and audio analytics and further penetrate prem- ises control and automation, safe and smart cities, and health segments." The acquisition of IntelliVision now ensures Nortek's foray into advanced video analytics that will provide actionable insights for both security and monitoring for smart homes to smart commercial enterprises, with an eventual stake in the burgeoning smart cities space. The technology also adds business intelligence ana- lytics that is so important to penetrat- ing verticals such as retail. "To be a company that thrives in the environment we are in today and in the next 10 years, we need these (AI and analytics) capabilities." – Mike O'Neal, President, Nortek Security & Control

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