Yes, the rumours are true, FLIR now owns DVTEL. FLIR Systems, Inc. are renowned for their prowess in design, manufacture, and marketing of sensor systems that enhance perception and awareness. They recently made a massive acquisition by buying DVTEL, Inc. (“DVTEL”), a leader in software and hardware technologies for advanced video surveillance.
The massive acquisition fetched at a hefty price of approximately $92 million in cash. DVTEL is headquartered in Ridgefield Park, New Jersey. They are international market leaders in enterprise-class security and surveillance solutions and they engineer as well as distribute integrated video management system (VMS) software, advanced video analytics software, visible and thermal security cameras, and related servers and encoders.
This combination yields an incredible end-result. FLIR, along with its existing FLIR-branded thermal and visible cameras as well as its Lorex-branded security systems is enabled to be a full-spectrum end-to-end security system provider. This in turn pays dividends to the consumer, small and medium business, enterprise, and infrastructure-level markets.
Andy Teich, who is best known as President and CEO of FLIR said, “DVTEL adds a suite of professional-grade security software and hardware that is very complementary to our current solutions and fits very well with our strategy to offer end-to-end solutions in the enterprise and infrastructure segments of the security market.”
He also said that FLIR’s strong position in thermal imaging together with DVTEL’s extensive video analytics and VMS capability will position them well to offer differentiated and highly accurate perimeter security solutions for the upper corner of their Security segment’s product value ladder.