Siemens Building Technologies to Acquire VistaScapeSeptember 25, 2006
By integrating the security provider's automated video analytic technology with its own products, Siemens enhances the value and effectiveness of its own security infrastructure.
BUFFALO GROVE, IL /BUSINESS WIRE/ -- Siemens Building Technologies Inc. announced it has signed an agreement by which it intends to acquire VistaScape Security Systems Corp., of Atlanta, as a wholly owned subsidiary.
VistaScape is a leading developer of automated video analytic technology designed to protect critical infrastructure from a broad spectrum of threats. Its customers include major U.S. airports, government facilities, and sensitive commercial sites. The transaction, which is expected to close within 30 days, is subject to approval by regulatory authorities.
"VistaScape provides a platform to deliver integrated surveillance applications that enhance the value and effectiveness of the entire security infrastructure. This is a core enabling technology for security integrators globally," says Jens Michael Wegmann, global head and president of the security systems division for Siemens Building Technologies. "VistaScape and its solutions providers have done a phenomenal job delivering this technology in the U.S., and Siemens is committed to helping grow this business—globally and in North America."
Founded in 1999, VistaScape pioneered the use of geospatial-aware intelligent video surveillance technologies that provide responders with real-time situational awareness about the nature and location of potential security violations. The company's flagship product, SiteIQ, is a policy-based software solution that combines these capabilities with input from other field devices, such as intrusion sensors and access control, for proactive alerting and enterprisewide security management.
"With Siemens, VistaScape's potential to secure and protect critical infrastructure will expand exponentially," says Glenn McGonnigle, chairman and CEO of VistaScape. "At all levels it is a strategic and technological win for both companies. It's a smart match. Siemens gains access to VistaScape's proven security intelligence platform, and we secure access to unmatched R&D resources and global security systems integration experience that few companies can match."
As a leading provider of building controls, fire safety, and security system solutions, Siemens Building Technologies Inc. makes buildings comfortable, safe, productive, and less costly to operate. With U.S. headquarters in Buffalo Grove, IL, Siemens Building Technologies employs 7200 people and provides a full range of services and solutions from more than 100 locations coast to coast. Worldwide, the company has 28,000 employees and operates in more than 42 countries.
For more information on Siemens Building Technologies, visit the company's Web site.
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