FLIR Systems has acquired DVTEL, Inc for approximately $92 million in cash. Ridgefield Park, New Jersey based DVTEL develops software and hardware technologies for advanced video surveillance.
DVTEL is into the business of developing integrated video management system (VMS) software, advanced video analytics software, visible and thermal security cameras, and related servers and encoders.
"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," said Andy Teich, President and CEO of FLIR. "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."