Palo Alto, CA – March 15, 2017
Woodside Capital Partners International LLC, a global, independent investment bank, announces it acted as the exclusive financial advisor to ObjectVideo, Inc., a technology and solutions company, on the sale of substantially all of ObjectVideo’s business, including its products, technology portfolio and engineering team, to Alarm.com (Nasdaq: ALRM), the leading platform for the connected home and business.
ObjectVideo is a pioneer in the fields of video analytics and computer vision, with technology that extracts meaning and intelligence from video streams in real-time to enable object tracking, pattern recognition and activity identification. Supporting leading IP video manufacturers across the world and the U.S. Defense and Intelligence communities, ObjectVideo was founded in 1998 by world-renowned scientists and program managers from the Defense Advanced Research Projects Agency (DARPA).
“This acquisition recognizes ObjectVideo’s accomplishments in the industry and pairs our innovative video analytics technology and talented engineering team with the leader in connected home and business services,” said Raul Fernandez, Chairman and CEO of ObjectVideo. “The combined expertise of ObjectVideo and Alarm.com will unlock innovation potential and deliver new features to Alarm.com’s customers, and can drive Alarm.com into a leadership position in the emerging fields of video analytics and computer vision.”
The acquisition of the business now called ObjectVideo Labs reinforces Alarm.com’s ability to continue to lead in the development of proactive, next generation connected home and business solutions and will accelerate Alarm.com’s research and development of video services and video analytics applications, and will continue to provide advanced research and engineering services for federal government customers.
About ObjectVideo, Inc.
ObjectVideo is a leading technology and solutions company specializing in video content analysis. ObjectVideo continues to advance the science of intelligent video with ongoing research and development in areas such as intelligent tagging of consumer and commercial video, machine learning, and mobile video intelligence.
Alarm.com is the leading platform for the intelligently connected property. Millions of people depend on Alarm.com’s technology to monitor and control their property from anywhere. Centered on security and remote monitoring, our platform addresses a wide range of market needs and enables application-based control for a growing variety of Internet of Things (IoT) devices. Our security, video monitoring, intelligent automation and energy management solutions are available through our network of thousands of professional service providers in North America and around the globe. Alarm.com’s common stock is traded on Nasdaq under the ticker symbol ALRM. For more information, please visit www.alarm.com.
About Woodside Capital Partners
Woodside Capital Partners is a global, independent investment bank that delivers world-class strategic and financial advice to emerging growth companies in the technology sectors, as well as institutional technology research services marketed as techView. With a strong track record in M&A, strategic partnerships and private placements, Woodside Capital Partners has been providing worldwide investment banking services since 2001 with leading domain experience in software, Internet services, electronics, communications and materials. Securities transactions are offered through Woodside Capital Securities LLC, a registered broker-dealer and member of FINRA (www.finra.org) and SIPC (www.sipc.org), and through Woodside Capital Partners UK LLP, a financial services firm authorized and regulated by the FSA (www.fsa.gov.uk). Woodside Capital Partners International LLC, Woodside Capital Securities LLC, and Woodside Capital Partners UK LLP are affiliated companies. More info is available at www.woodsidecap.com.
NOTICE: No information herein is a recommendation that any particular individual should purchase or sell any particular security in any amount or at all, and is not a solicitation of any offer to purchase or sell from or to any particular individual.
Press Release Contact:
Woodside Capital Partners
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