Leaping to the forefront of the rapidly growing fields of Artificial Intelligence (AI) and video analytics, Nortek Security & Control LLC (NSC), a global leader in smart connected devices and systems for residential, security, access control and digital health markets, announced the acquisition of San Jose, California-based IntelliVision Technologies Corp., a pioneer and leader in Artificial Intelligence, smart cameras and deep learning-based video analytics software. IntelliVision will operate as a wholly owned subsidiary of NSC. IntelliVision will continue to support its customers and products.
Melrose Industries Plc, a UK-based investment firm has announced that is has acquired Nortek, Inc., a global company with brands including 2GIG, NuTone, and Elan. It is unclear at this time what direction this has for Nortek Security & Control, which specializes in residential security and home automation products and services.