CheckVideo Acquired by Managed Security Solutions Provider
Kastle Systems International, Falls Church, Va., a provider of managed security solutions, acquired CheckVideo, a provider of cloud-based intelligent video surveillance.
CheckVideo will become a wholly owned subsidiary of Kastle Systems International and remain an independently operating business unit. Kastle intends to not only support, but accelerate and strengthen, CheckVideo’s model of working through its monitoring and reseller partners.
Bringing together award-winning technology, an expert team, and a broad portfolio of intellectual property and patents, Kastle and CheckVideo will redefine delivery and performance in video surveillance services, Kastle announced.
Video surveillance is a critical part of security today. Smart video — or the ability to enable surveillance systems to automatically detect security issues — transforms video’s effectiveness. Kastle’s acquisition of CheckVideo enables it to deliver its customers smart video in a high definition manner, over the web using patented advanced video analytics, the company explained.
“The market is ripe for innovation to redefine how video is analyzed, stored and delivered,” said Piyush Sodha, CEO and co-chairman, Kastle Systems. “Kastle is well known for its pioneering role to deliver access control as a service. This is an opportunity to do the same thing in video surveillance. We are aggressively pursuing video because of its significant value to customers and are excited to make CheckVideo a part of our family.”
Chris Brown, vice president, CheckVideo, added, “For the last decade, CheckVideo has been hard at work building a distinctive intelligent video solution. Our growing list of monitoring partners, resellers and end users are a testament to the fact that CheckVideo has the answer that the market wants. Kastle brings us much more than a new large channel to market. It provides us with significant resources to build upon our platform and accelerate the overall market penetration for video as a service.”
Specific financial terms of the agreement were not disclosed.