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Tuesday, November 29, 2022
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Irsity Acquires Agent Vi

Irisity AB has entered into an agreement to acquire 100 percent of the shares of Agent Vi, a provider of AI-powered video analytics.

Irisity AB has entered into an agreement to acquire 100 percent of the shares of Agent Vi, a provider of AI-powered video analytics. The consideration of $67.5 million will be paid partly in cash and partly in Irisity shares. 

Agent Video Intelligence (Agent Vi), headquartered in Israel with offices in the United States and Singapore, provides AI-powered video analytics solutions operating worldwide through a network of resellers and global partnerships.

Agent Vi has a large number of resellers and thousands of deployments in more than 90 countries, as well as partnership deals with security giants including Securitas. The total revenue for 2020 was $6.1 million. The acquisition is expected to contribute with revenue exceeding $12 million for the coming twelve months and is expected to contribute to positive cash flow on an annual basis in 2021.

Read more at Irsity

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The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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