Johnson Controls Acquires Smartvue Corp.

With the acquisition, the cloud services provider is adding a global IoT platform and partner revenue opportunities to its portfolio.
By IOT Journal
Apr 03, 2018

PRESS RELEASE:

Johnson Controls has announced that it has acquired Smartvue, a leading 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 organizations. 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 Control's leadership and global reach will deliver exponential new value to the IoT and security industries."

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