FLIR acquires New Jersey firm


Wilsonville company shells out $92 million for video surveillance company.

Share this article!

BY JACOB PALMER | DIGITAL NEWS EDITOR

Wilsonville-based FLIR Systems has shelled out $92 million for a video surveillance company.

DVTEL Inc, which is based in New Jersey, is expected to advance FLIR’s software and hardware as it expands its video surveillance product line.

Specifically, DVTEL “develops and distributes integrated video management system software, advanced video analytics software, visible and thermal security cameras and related servers and encoders,” according to the companies.

FLIR now has the capability “to be a full-spectrum end-to-end security system provider” that serves consumers, businesses and infrastructure specialists.

(READ MORE: Portland Business Journal)

“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,” FLIR President and CEO Andy Teich said in a release. “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.”

With defense spending on the decline, Flir is diversifying its business beyond military applications to home security and consumer technology. The company had $1.1 billion in revenue through the first nine months of the year, up 2 percent from a year earlier, and $171 million in profits.

(READ MORE: OregonLive.com)

RELATED NEWS: Flir continues to explore consumer tech sector5 questions about the FLIR FX


Published in Categories News