Alarm acquires substantially all assets of Vintra, terms not disclosed

Alarm.com announced the acquisition of substantially all assets of Vintra, a software provider of award-winning AI-powered video analytics for the enterprise commercial market. Integrating Vintra’s software capabilities and its experienced science and engineering teams will expand Alarm.com’s deep learning program and accelerate deployment of advanced video analytics solutions for the Alarm.com and OpenEye platforms. "The Vintra team adds to Alarm.com’s science and engineering expertise in the field of AI and machine learning, and we’re excited to welcome them on board," said Jeff Bedell, Alarm.com’s President of Ventures Business and Corporate Strategy. "The acquisition expands the specialization of Alarm.com’s AI team and will extend our leadership in this important domain. Our goal is to deploy market-defining video analytics solutions, scale them across the Alarm.com and OpenEye platforms, and open new areas of growth for our service provider and integrator partners." Alarm.com acquired Vintra’s core intellectual property, its research scientists, software engineers, and technical services teams as part of the acquisition. Financial details of the transaction were not disclosed at the time of closing.