LOUISVILLE, Ky., February 28, 2007 – Honeywell (NYSE: HON) today announced
the acquisition of ActivEye, Inc. of Briarcliff Manor, N.Y., a provider of video
analytics software and technology for security and surveillance applications.
The terms of the transaction were not disclosed.
“Video analytics is an area of intense interest today and ActivEye’s
technology is very impressive,” said John Lorenty, president of the Honeywell
Systems Group. “We look forward to working with ActivEye’s existing customers
and introducing the software to many new customers by integrating it with
current Honeywell products, and an array of new digital solutions and products
to come.”
Video analytics software reviews vast amounts of raw video in real-time,
using rules-based object detection, classification and tracking to distinguish
suspicious activity from normal activity – and generating alerts that focus on
customer-specified important events. By making it possible to concentrate on
meaningful activity, video analytics improves safety and security, as it enables
better decision-making and a faster reaction to events. It can also improve
productivity by facilitating the indexing, searching and rapid retrieval of
stored video. The technology is important in numerous applications, including
retail, education, financial, gaming, traffic, and government, and it can also
be used to analyze retailing merchandising strategies and perform market
research.
The range of ActivEye video analytics solutions includes: Active Alert, a
suite of products for manned and unmanned video surveillance systems, which uses
video content analysis software and forensic tools to provide real-time alarms
based on actionable events and behaviors; ActivEye Smart Impressions, which
analyzes individual customer and vehicular activity, and traffic patterns for
facilities management and merchandising applications and ActivEye Forensics,
which enables the rapid review and filtering of pre-recorded video up to 50
indexed parameters.
“Being part of Honeywell is very exciting,” said Carolyn Ramsey, CEO of
ActivEye, Inc. “We’re thrilled that our innovative software solutions will be
deployed and further developed by Honeywell, a world leader in security. The
next generation of our software will surely benefit from Honeywell’s substantial
investment and research capabilities.”
For more information visit www.honeywell.com/security.
