- Addresses Growing Demand for Video Verification to Reduce False Alarms
- Advanced Motion Detection Technology with Integrated Cameras Delivers Live
Video Streaming of Indoor and Outdoor Intrusion Alerts
- Complements Honeywell's Core Security Portfolio and Benefits from Honeywell's
MELVILLE, N.Y., March 1, 2016 - Honeywell (NYSE:HON) announced that it has
acquired privately held RSI Video Technologies (RSI), a leading global 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, highquality
video over the cloud to central monitoring stations and end-users. The acquisition
enhances Honeywell's 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.
"The industry has been looking for ways to reduce the burden on local law enforcement
resources responding to false alarms," said David Paja, president of Honeywell Security and
Fire. "RSI helps reduce false alarms by providing cost-effective indoor and outdoor video
verification solutions to dealers and central monitoring stations."
Founded in 2000 and based in Strasbourg, France, with key operations in Minnesota,
RSI has one of the largest installed bases of video-verified alarm systems in the world, with
more than 1 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. Honeywell Security and Fire is a leading global manufacturer
of electronic security and life safety technologies for commercial buildings, industrial sites and
homes worldwide. With systems installed in millions of buildings and homes worldwide, RSI will
benefit from Honeywell’s global scale and channels and end-to-end security and fire offerings.
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. For more news and information on Honeywell, please visit www.honeywellnow.com.
This release contains certain statements that may be deemed “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.