HONEYWELL INTERNATIONAL INC acquired ActivEye, Inc., a transaction completed in March 2007, structured as Acquisition of a privately held company; financial terms undisclosed.
ActivEye, Inc. operates in Automation and Control Solutions — security/video (now Honeywell Building Technologies), is based in Briarcliff Manor, New York, USA. ActivEye was a developer of intelligent video-analytics software (including its Active Alert product line) that automatically detects events and behaviors in security and surveillance video feeds. Honeywell acquired the company to embed video analytics into its security and video-surveillance portfolio, moving beyond hardware into software-driven intelligent monitoring. ActivEye employees became Honeywell employees effective March 1, 2007.
Adds intelligent video-analytics software to Honeywell's security and video-surveillance offerings, complementing its existing camera/CCTV hardware.
Advisory firms were not disclosed for this transaction.