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Johnson Controls acquires cloud provider

April 4, 2018Paul Ragusa, Editor

MILWAUKEE—Johnson Controls announced this week that it has acquired Smartvue, an IoT and video provider that empowers cloud video surveillance and IoT video services. The addition of the Smartvue cloud-based video platform enhances Johnson Controls' offering of an end-to-end, cloud-based solution that can provide business data and intelligence to customers and added value to partners.“The addition of Smartvue's open API cloud architecture to the Johnson Controls portfolio bolsters our...

David Grinstead, Johnson Controls, Martin Renkis, Smartvue


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On The Editor's Desk

Smartvue gets $15m for IoTV play (Internet of Things Video)

April 29, 2015Martha Entwistle

NASHVILLE, Tenn.—Cloud video surveillance provider Smartvue announced this week that it secured $15 million in financing from Fortress Investment Group, a $67 billion firm. I spoke to Martin Renkis, Smartvue founder and CEO, this morning and asked him what Fortress, which typically works with much larger companies, saw in Smartvue. Fortress likes Smartvue's vision of being "a major cloud platform in the video surveillance services business," Renkis said. "[Fortress] saw what we saw, which is...

cloud video surveillance, financing, Fortress Investment Group, Internet of Things Video, IoTV, Security Systems News, Smartvue


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