Honeywell Acquires RSI Video Technologies
Honeywell has acquired privately held RSI Video Technologies (RSI), a provider of intrusion detection systems for commercial and residential security applications under the brand Videofied, for approximately $123 million (€113 million).
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. According to Honeywell, the acquisition enhances its 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.
Founded in 2000 and based in Strasbourg, France, with key operations in Minnesota, USA, RSI has one of the largest installed bases of video-verified alarm systems in the world, with more than one million installations in more than 60 countries. It has approximately 110 employees in France and the U.S.
RSI will become part of Honeywell Security and Fire, a business unit of Honeywell Automation and Control Solutions.