The acquisition of RSI enhances Honeywell’s ability to meet increasingglobal customer need for video verification Honeywell 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). $123 Million Deal RSI’s wireless battery-powered motion detectors with built-in cameras deliver live, high-quality 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. Videofied Teams Wireless Alarm Systems & Video Verification In 2001, RSI concentrated its efforts on developing a wireless alarm system with video verification: the Videofied product range. The first generation of Videofied product was introduced to the market in late 2002. RSI Video Technologies offers a solution to the issue of false alarms and unnecessary dispatch, through video verification. Today, the Videofied offering integrates cameras, illumination and motion sensors in a single device (MotionViewers®); with a full complement of accessories including sirens, arming devices and sensors that work together seamlessly as a complete security solution. Multi-path transmission of events over Ethernet/IP and the cellular network provides reporting flexibility. All system components are self-powered and operate on batteries, allowing for completely wireless video alarm security – detection, illumination, video capture and transmission. 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 has entered into a definitive agreement to acquire Xtralis, a leading global provider of aspirating smoke detection along with advanced perimeter security technologies and video analytics software, for $480 million from funds advised by Pacific Equity Partners and Blum Capital Partners. Xtralis Smoke Detection Solutions For Facility Security And Incident Management Xtralis aspirating smoke detection solutions protect many Fortune 500 companies, iconic sites and critical infrastructures worldwide. They are used in data centres, historical buildings, airports, industrial sites and manufacturing facilities to provide very early warning and verification of threats to speed response time and minimise facility damages and potential injuries. Honeywell Fire And Security Business Expansion "This acquisition fits perfectly with Honeywell's technology innovation and leadership," said Alex Ismail, President and CEO of Honeywell Automation and Control Solutions. "Xtralis' early smoke detection and advanced security technologies and video analytics software complement our growing Security and Fire business, and show our commitment to making the world safer and more secure.” The transaction is expected to close in the second quarter of 2016 subject to customary closing conditions, including regulatory approvals The company is headquartered in Dublin, Ireland, with approximately 500 employees across Europe, Middle East, Africa, Asia Pacific and the Americas, and has more than 30 years of fire and security experience. The transaction is expected to close in the second quarter of 2016 subject to customary closing conditions, including regulatory approvals. Critical Infrastructure Security And Asset Protection "Xtralis is a fantastic addition to the Honeywell portfolio that strengthens our offering for critical infrastructure and high-value assets," said David Paja, President, Honeywell Security and Fire. "Eliminating downtime for an IT data centre is mission critical considering that the average revenue loss due to a fire or smoke is more than $5 million a week. The addition of Xtralis to our portfolio enhances our ability to meet the needs of our customers for early and reliable smoke detection." The company pioneered the development of very early warning technology that can detect smoke in a facility at an early stage of a fire, which gives emergency responders precious additional time to help prevent or minimise physical damage and injury. Upon completion of the acquisition, Xtralis 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.
Paja joined Honeywell in 2003 and most recently served as vice president and general manager for Honeywell in India Honeywell recently announced the appointment of David Paja, 45, as president of Honeywell Security Group, effective January 19. Paja succeeds Ron Rothman, who is retiring from Honeywell to spend more time with family. In his new role, Paja will lead Honeywell’s nearly $3-billion global security business, which includes a broad portfolio of leading security products and technologies, as well as ADI, a distributor of security and low-voltage products. Paja will be based in Melville, N.Y. and will report to Alex Ismail, president and CEO of Honeywell Automation and Control Solutions. Paja joined Honeywell in 2003 and most recently served as vice president and general manager for Honeywell Transportation Systems in China and India, where he led a team that drove significant growth for the business, securing long-term contracts with domestic and global OEMs. Prior to that, he served as vice president of global marketing for Honeywell Turbo Technologies, where he led strategic planning, product strategy and business development worldwide. While in that role, he helped secure Honeywell’s position as the preeminent leader in the global turbocharger industry, expanding into new segments, driving growth in key European markets and expanding the company’s position in high-growth regions. “David is an accomplished leader, who will build on Honeywell Security Group’s strong industry position at the forefront of technology for the Connected Home and the Connected Building,” said Ismail. “David’s diverse background builds on generations of leadership in the security industry in dynamic new ways. He has broad experience in understanding the needs of customers in both developed markets and high-growth regions, and has a proven track record of driving new product introductions and innovation that result in expanded growth for the company.” “I would like to thank Ron Rothman for his leadership and significant contributions to both Honeywell and the industry, and I wish him and his family the best,” said Ismail. “Ron has been a strong and passionate leader. In his more than 30 years in the security industry and at Honeywell, he built lasting customer relationships and drove the development of innovative products and solutions that helped transform the market. He has been a driving force in making Honeywell a security industry leader and positioning the organization for ongoing growth and success.” Rothman has served as president of Honeywell Security Group since January 2010 and will remain with Honeywell through June to assist with the transition.