Johnson Controls bolsters cloud video service, business analytic capability with acquisition of Smartvue Corporation

Issued by Eclipse for Tyco
Milwaukee, 04 Apr 2018

Johnson Controls has announced it has acquired Smartvue, a leading Internet of things (IOT) and video provider which empowers cloud video surveillance and IOT video services. The addition of the Smartvue cloud-based video platform will enhance Johnson Controls' offering of an end-to-end, smart cloud-based solution that can provide superior business data and intelligence to customers and added value to partners.

Nashville-based Smartvue's global video surveillance and IOT video cloud platform is supported today in 140 countries and serves customers such as telcos, cable companies, security firms, storage providers, device manufacturers, and other organisations. The platform supports IOT technologies that enable secure video in almost any device to connect with a robust global cloud, accessed through an intuitive interface. Smartvue boasts an industry-defining intellectual property portfolio, including more than 800 granted utility patent claims from its nearly 20-year history.

"The addition of Smartvue's open API cloud architecture to the Johnson Controls portfolio bolsters our ability to provide scalable video as a service in a highly cost-effective, fast and secure way," said David Grinstead, vice-president and general manager, Security Products, Building Technologies & Solutions, Johnson Controls. "This acquisition will only strengthen our potential to more fully harness the power of cloud-based video and provide opportunities for our partners to derive new revenue streams as the industry's adoption of cloud increases."

"Smartvue is a trusted name that has made buildings and homes secure, infrastructure more effective, and cities smarter for more than 20 years," said Martin Renkis, Founder and CEO of Smartvue Corporation. "Integrating our technology and innovation with Johnson Controls' leadership and global reach will deliver exponential new value to the IOT and security industries."

For more information, please visit www.johnsoncontrols.com.

Johnson Controls

Johnson Controls is a global diversified technology and multi-industrial leader serving a wide range of customers in more than 150 countries. Its 120 000 employees create intelligent buildings, efficient energy solutions, integrated infrastructure and next-generation transportation systems that work seamlessly together to deliver on the promise of smart cities and communities. Its commitment to sustainability dates back to its roots in 1885, with the invention of the first electric room thermostat. Johnson Controls is committed to helping its customers win and creating greater value for all of its stakeholders through strategic focus on its buildings and energy growth platforms. For additional information, please visit http://www.johnsoncontrols.com or follow the company @johnsoncontrols on Twitter.

Johnson Controls Building Technologies & Solutions

Johnson Controls Building Technologies & Solutions is making the world safer, smarter and more sustainable - one building at a time. Its technology portfolio integrates every aspect of a building - whether security systems, energy management, fire protection or HVACR - to ensure it exceeds customer expectations at all times. Johnson Controls Building Technologies & Solutions operates in more than 150 countries through its unmatched network of branches and distribution channels, helping building owners, operators, engineers and contractors enhance the full life cycle of any facility. The arsenal of brands includes some of the most trusted names in the industry, such as Tyco, YORK, Metasys, Ruskin, Titus, Frick, PENN, Sabroe, Simplex and Grinnell. For more information, visit www.johnsoncontrols.com or follow @JCI_Buildings on Twitter.

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Johnson Controls bolsters cloud video service, business analytic capability with acquisition of Smartvue Corporation

The cloud services provider adds global IOT platform, partner revenue opportunities to portfolio.