Update #2--DVTel Acquires ioimage

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DVTel has agreed to purchase video analytics supplier ioimage in an $80 million stock transaction, according to Israeli press reports.

DVTel, a manufacturer of video management software, integrates video analytics into its iSOC system from several third-party suppliers, so it remains to be seen how the ioimage deal will affect those relationships. Herliya, Israel-based ioimage has been among the more successful players in the shaky analytics market. The company sells cameras and encoders with built in processors that perform analytic functions--a configuration commonly referred to as edge-based. Installations include the Vatican, Exxon-Mobil and New York City area airports.

Although the acquisition makes sense in the larger context of the security convergence trend, it does little to settle questions about the overall health of the analytics market, which has been trying to regain traction with users after several years of overpromises, As John Honovich notes on his IPVideoMarket site today, ioimage, one of the largest analytics players, is being bought by one of the smaller VMS competitors

In a statement released this morning, DVTel said the decision to acquire ioimage is central to the company's on-going strategy to innovate end-to-end, IP-based physical security solutions so that it continues to grow to meet the changing needs of its customer base. DVTel said that over the past 18 months, it has seen a significant increase in the number of third-party analytics solutions integrated with DVTel's enterprise level systems around the globe.

"It is a good fit," said a DVTel spokeswoman. "Ioimage has a strong, professional engineering team. There's a lot of synergy. It is a market leader with great branding."

DVTel will continue to support other third party video analytics, be they edge- or server-based.

"Ioimage fits cleanly [with DVTel]," Honovich told Security Squared. "They have mainly encoders and cameras, so it's not complicated."

The ioimage acquisition is in-line with DVTel's strategy to package greater functionality and features with iSOC. Other on-board features and components include incident recording and management, client recording software, video switching and cameras, the spokeswoman said.

The news comes as analytics and video intelligence gain renewed attention from users. Vendors have tempered their promises after overhyping the capability of the technology. "We believe video analytics is the wave of the future," said the DVTel spokeswoman. "But we've gone beyond the sexy demonstration of the technology with a 90 percent failure rate for something that has become a mature solution. The industry has regrouped and is saying 'let's use it in places where it makes good sense."

For more background on ioimage, its technology and strategy, see our past video interviews with John Whiteman, president of Americas, for ioimage.

Analytics, Take Two
Analytics: Intelligence and Surveillance

DVTel has agreed to purchase video analytics supplier ioimage in an $80 million stock transaction, according to Israeli press reports.

DVTel, a manufacturer of video management software, integrates video analytics into its iSOC system from several third-party suppliers, so it remains to be seen how the ioimage deal will affect those relationships. Herliya, Israel-based ioimage has been among the more successful players in the shaky analytics market. The company sells cameras and encoders with built in processors that perform analytic functions--a configuration commonly referred to as edge-based. Installations include the Vatican, Exxon-Mobil and New York City area airports.

Although the acquisition makes sense in the larger context of the security convergence trend, it does little to settle questions about the overall health of the analytics market, which has been trying to regain traction with users after several years of overpromises, As John Honovich notes on his IPVideoMarket site today, ioimage, one of the largest analytics players, is being bought by one of the smaller VMS competitors

In a statement released this morning, DVTel said the decision to acquire ioimage is central to the company's on-going strategy to innovate end-to-end, IP-based physical security solutions so that it continues to grow to meet the changing needs of its customer base. DVTel said that over the past 18 months, it has seen a significant increase in the number of third-party analytics solutions integrated with DVTel's enterprise level systems around the globe.

"It is a good fit," said a DVTel spokeswoman. "Ioimage has a strong, professional engineering team. There's a lot of synergy. It is a market leader with great branding."

DVTel will continue to support other third party video analytics, be they edge- or server-based.

"Ioimage fits cleanly [with DVTel]," Honovich told Security Squared. "They have mainly encoders and cameras, so it's not complicated."

The ioimage acquisition is in-line with DVTel's strategy to package greater functionality and features with iSOC. Other on-board features and components include incident recording and management, client recording software, video switching and cameras, the spokeswoman said.

The news comes as analytics and video intelligence gain renewed attention from users. Vendors have tempered their promises after overhyping the capability of the technology. "We believe video analytics is the wave of the future," said the DVTel spokeswoman. "But we've gone beyond the sexy demonstration of the technology with a 90 percent failure rate for something that has become a mature solution. The industry has regrouped and is saying 'let's use it in places where it makes good sense."

For more background on ioimage, its technology and strategy, see our past video interviews with John Whiteman, president of Americas, for ioimage.

Analytics, Take Two
Analytics: Intelligence and Surveillance

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