Integrian, the RTP-based developer of mobile digital video solutions, has made its second acquisition in less than a year.
The company said Thursday that it had acquired all the shares of Innovonics Ltd., an Australian-based firm. Financial details were not disclosed.
Just last August, Integrian acquired Digital Safety Technologies, Inc.
The two acquisitions came after Integrian closed on $13 million in B round venture financing. Among Integrian’s investors are Intersouth Partners and the Wakefield Group.
“Integrian and Innovonics have a shared vision for the future of this market,” said Pete Durand, Integrian’s CEO. “Innovonics has done a tremendous job creating presence in the European market, particularly with their rail products. Integrian’s transit surveillance solution leads the industry with technology grounded in the company’s history of advanced surveillance engineering. The fit between our combined capabilities and current market demand is extraordinary, and we are tremendously optimistic about our future.”
Innovonics, which was founded in 1984 and employs some 50 people, focuses on development, installation and management of transportation surveillance systems. It has customers around the world. Innovonics has offices in Melbourne, Australia, and London.
Innovonics was publicly traded on the Australian stock market ASX until the acquisition.
Integrian provides mobile digital video solutions for public safety and transportation sectors. Its devices give their users the ability to capture, tag, archive and search digital video. Integrian’s main products are TransitCam for surveillance and information solutions for bus and rail systems and DigitalPatroller for use in police cars and other public safety vehicles.
Integrian: www.integrian.com
