Nice Announces Divestiture of IntelliVision, Its Video AI and Analytics Brand

Following the recent announcement related to the sale of the Numera brand and creation of a new ProAV Solutions division, NICE is sharing the news that effective September 25, 2024, IntelliVision was acquired by Nipun Vision Corporation.

The decision was made after careful consideration and aligns with Nice's goal to streamline operations and concentrate resources on enhancing its primary home and building management offerings.

As part of the agreement:

» Nipun Vision Corporation has acquired full ownership of IntelliVision Technologies Corp, including accounts and existing contracts;

» Nipun will allow IntelliVision to operate as an independent entity focused on the broader AI market, continuing to support all existing customers without any disruption;

» Nice will retain all existing IntelliVision patents;

» Nice will maintain a collaborative partnership with IntelliVision, leveraging their expertise in AI and analytics within its existing and future smart home and security offerings.

There will be no immediate changes to day-to-day operations, and all projects and collaborations involving IntelliVision will continue as scheduled. For colleagues directly involved with IntelliVision, Nice is committed to supporting a seamless transition throughout this process.

This divestment enables Nice to sharpen its focus on developing cutting-edge home and building management solutions, further solidifying its position as a market leader.

To all those who work and have worked with IntelliVision, Nice extends heartfelt thanks for their dedication and contributions to the brand. Their hard work and commitment have played a crucial role in the company’s success, and their efforts are deeply appreciated in elevating the brand.

source: niceforyou.com