HONEYWELL INTERNATIONAL INC acquired RSI Video Technologies for $123 million, a transaction completed in March 2016, structured as Acquisition.
RSI Video Technologies operates in Automation and Control Solutions (Security and Fire), is based in Minnesota, USA (with operations in Strasbourg, France). RSI Video Technologies was a global provider of intrusion-detection systems marketed under the Videofied brand, using wireless, battery-powered motion detectors with built-in cameras that stream live video to central monitoring stations over the cloud. Honeywell acquired it to add video-verification and a DIY-plus-professional-monitoring capability to its security portfolio.
Meet growing demand for video-verified intrusion detection and add a DIY-plus-professional-monitoring offering.
Advisory firms were not disclosed for this transaction.