Alarm.com acquires Reston-based ObjectVideo Inc.
Tysons-based Alarm.com has acquired Reston-based ObjectVideo Inc.
The deal includes the company's products, technology portfolio and personnel. Financial details were not disclosed.
Alarm.com's customers use its technology to monitor and control their property from anywhere. Its services include security, video monitoring, intelligent automation and energy management.
ObjectVideo is a pioneer in the fields of video analytics and computer vision. Now called ObjectVideo Labs, the business is expected to accelerate Alarm.com's research and development of video services and video analytics applications.
“As video applications grow rapidly in both the residential and commercial spaces, this acquisition will reinforce our ability to continue to lead in the development of proactive, next-generation connected home and business solutions,” Jeff Bedell, Alarm.com's chief strategy and innovation officer, said in a statement. “Unlike standalone devices and point products, the Alarm.com platform can extract meaning from a broad ecosystem of connected devices to deliver enhanced security and a highly-valued user experience.”
ObjectVideo Labs will continue to provide advanced research and engineering services for federal government customers.
Founded in 1998 by scientists and program managers from the Defense Advanced Research Projects Agency (DARPA), ObjectVideo was a privately held, venture-backed firm in the rapidly growing field of computer vision.