| The acquisition of RSI enhances Honeywell’s ability to meet increasing global customer need for video verification |
Honeywell announced that it has acquired privately held RSI Video Technologies (RSI), a leading global provider of intrusion detection systems for commercial and residential security applications under the brand Videofied®, for approximately $123 million (€113 million).
$123 million deal
RSI’s wireless battery-powered motion detectors with built-in cameras deliver live, high-quality video over the cloud to central monitoring stations and end-users. The acquisition enhances Honeywell’s ability to meet the increasing global customer need for video verification, and it also brings a unique do-it-yourself (DIY) offering combined with professional monitoring.
“RSI complements Honeywell’s industry-leading security portfolio, and brings significant new technology and software that provides added value to our security dealers and channel partners,” said Alex Ismail, President and CEO, Honeywell Automation and Control Solutions.
“The industry has been looking for ways to reduce the burden on local law enforcement resources responding to false alarms,” said David Paja, President of Honeywell Security and Fire. “RSI helps reduce false alarms by providing cost-effective indoor and outdoor video verification solutions to dealers and central monitoring stations.”
Founded in 2000 and based in Strasbourg, France, with key operations in Minnesota, RSI has one of the largest installed bases of video-verified alarm systems in the world, with more than 1 million installations in more than 60 countries. It has approximately 110 employees in France and the U.S.
Videofied teams wireless alarm systems & video verification
In 2001, RSI concentrated its efforts on developing a wireless alarm system with video verification: the Videofied product range. The first generation of Videofied product was introduced to the market in late 2002.
RSI Video Technologies offers a solution to the issue of false alarms and unnecessary dispatch, through video verification. Today, the Videofied offering integrates cameras, illumination and motion sensors in a single device (MotionViewers®); with a full complement of accessories including sirens, arming devices and sensors that work together seamlessly as a complete security solution. Multi-path transmission of events over Ethernet/IP and the cellular network provides reporting flexibility. All system components are self-powered and operate on batteries, allowing for completely wireless video alarm security – detection, illumination, video capture and transmission.
RSI will become part of Honeywell Security and Fire, a business unit of Honeywell Automation and Control Solutions. Honeywell Security and Fire is a leading global manufacturer of electronic security and life safety technologies for commercial buildings, industrial sites and homes worldwide. With systems installed in millions of buildings and homes worldwide, RSI will benefit from Honeywell’s global scale and channels and end-to-end security and fire offerings.