Sweden’s Irisity Buys Israeli Video Analytics Agent Vi for $67.5 Million

Ageny Vi, the Israeli video analytics firm, has been acquired by the Swedish video analytics and safety methods firm Irisity AB for $67.5 million.

Based in 2003, Agent Video Intelligence (Agent Vi) is a supplier of open structure, video analytics options. Agent Vi’s video analytics providing consists of software program merchandise for on-premise installations in addition to cloud-based SaaS, with capabilities starting from real-time video evaluation and alerts to video search and enterprise intelligence. The options are absolutely built-in with a wide range of cameras, encoders, video administration methods and alarm automation software program.

Agent Vi’s options enable customers to attain optimum worth from their video surveillance networks by automating video evaluation to detect and alert for occasions of curiosity, expedite search in recorded video and extract statistical knowledge from the footage captured by surveillance cameras.

Agent Vi has a lot of resellers and 1000’s of deployments in additional than 90 international locations, in addition to partnership offers with safety giants together with Securitas. The whole income 2020 was $6.1 million, with EBITDA $ -0.4 million and web revenue $0.3 million.

“We’re extraordinarily pleased with and excited concerning the prospects of the mixed Irisity-Agent Vi future, and we look ahead to our joint journey with expanded geographical protection and stronger energy of execution”, says Itsik Kattan, CEO at Agent Vi.

“This acquisition is in keeping with our technique and ambition constructing a market chief. We imagine each firms complement one another in all vital dimensions, administration, product, and market in addition to know-how. Collectively we’ve got a fair stronger place serving an accelerating worldwide demand for prime precision analytics, repeatedly constructing shareholder worth”, says Lennart Svantesson, Irisity Chairman.

“The mixture of Irisity and AgentVi will create an AI-enabled video analytics powerhouse, with unmatched capabilities and attain. I’m proud to be becoming a member of forces with such an completed and skilled crew led by Irisity’s CEO, Marcus Backlund, and its Chairman, Lennart Svantesson. I count on that our prospects and shareholders will profit enormously from this acquisition.”, says Dorian Barak, Agent Vi Chairman.

Sweden’s Irisity Buys Israeli Video Analytics Agent Vi for $67.5 Million