Johnson Controls Acquires Smartvue to Add IoT Video Services Platform
Summary
The Smartvue platform supports IoT technologies that enable secure video in almost any device to connect with a global Cloud, accessed through an intuitive interface. MILWAUKEE — Johnson Controls has acquired Smartvue Corp., a leading Internet of Things (IoT) video services company, for undisclosed terms. The Smartvue platform supports IoT technologies that enable secure video in almost any device to connect with a global Cloud, accessed through an intuitive interface. “The addition of Smartvue’s open API cloud architecture to the Johnson Controls portfolio bolsters our ability to provide scalable video as a service in a highly cost effective, fast and secure way,” says David Grinstead, vice president and general manager, security products, Building Technologies & Solutions, Johnson Controls. “This acquisition will only strengthen our potential to more fully harness the power of cloud-based video and provide opportunities for our partners to derive new revenue streams as the industry’s adoption of cloud increases.” In 2016, Smartvue won the IoT Emerging Company of the Year Award for the Consumer Market at CTIA Super Mobility 2016.