From the Ed.
ActivEye Inc. Catches Honeywell Glance
ACQUISITIONS and mergers are the things of success, even in the security industry. In addressing this topic, Honeywell has announced the buyout of ActivEye Inc. of Briarcliff Manor, N.Y.
- By Ralph C. Jensen
- Feb 28, 2007
ACQUISITIONS and mergers are the things of success, even in
the security industry. In addressing this topic, Honeywell has announced the
buyout of ActivEye Inc. of Briarcliff Manor, N.Y. Terms of the transactions
were not disclosed, but what is known is ActivEye is noted as a provider of
video analytics software and technology for security and surveillance
operations.
According to John Lorenty, president of the Honeywell
Systems Group, video analytics is an area of interest, and he said ActivEye’s
technology is impressive.
“We look forward to working with ActivEye’s existing
customers and introducing the software to many
new customers by integrating it with current Honeywell products, and an
array of new digital solutions and products to come,” Lorenty said.
Video analytics software reviews vast amounts of raw video
in real-time, using rules-based object detection, classification and tracking
to distinguish suspicious activity from normal activity, as well as generating
alerts that focus on customer-specified events.
The bottom line is that video analytics improves safety and
security, plus it enables better decision-making and a faster reaction to
events. Stored video also can be retrieved quicker, improving productivity.
There are any number of uses for the technology, including
applications in retail, educations, financial and the gaming world. It also can
be useful in traffic and government, and used to analyze retailing
merchandising strategies and market research.
“Being part of Honeywell is very exciting,” said Carolyn
Ramsey, ActivEye CEO. “We’re thrilled that our innovative software solutions
will be deployed and further developed by Honeywell. We view them as a world
leader in security.”
About the Author
Ralph C. Jensen is the Publisher/Editor in chief of Security Today magazine.