Motorola Solutions acquires video security company
CHICAGO -- Motorola Solutions Tuesday said it has acquired Envysion Inc., a provider of video security and business analytics solutions for the fast-food restaurant and retail industries.
Terms of the transaction were not disclosed.
Envysion's cloud-based solution integrates video systems with sales data to proactively identify potentially fraudulent transactions and highlight sales patterns and in-store activity without the need to monitor hours of video footage, Motorola said.
"The combination of video and analytics continues to play a powerful role in supporting enterprise security," said Greg Brown, chairman and CEO of Motorola Solutions. "With Envysion, we will bring greater operational efficiency and safety to the vast restaurant and retail industries across the U.S., expanding our presence and reinforcing our strategy as a global leader in end-to-end video security solutions."
Envysion is based in Superior, Colorado.