FLIR Systems, Inc has acquired DVTEL, Inc, the video surveillance software and hardware company, for about $92 million in cash.
DVTEL, based in Ridgefield Park, New Jersey, makes video management system (VMS) software, video analytics software, visible and thermal security cameras, and related servers and encoders. FLIR, with its FLIR-branded thermal and visible cameras as well as its Lorex-branded security systems, says that it can be a full-spectrum end-to-end security system provider, serving the consumer, small and medium business, enterprise, and infrastructure-level markets.
Andy Teich, President and CEO of FLIR, said: “FLIR’s strong position in thermal imaging together with DVTEL’s extensive video analytics and VMS capability will position us well to offer differentiated and highly accurate perimeter security solutions for the upper corner of our Security segment’s product value ladder. DVTEL adds a suite of professional-grade security software and hardware that is very complementary to our current solutions and fits very well with our strategy to offer end-to-end solutions in the enterprise and infrastructure segments of the security market.”
