Parties
Company
Digital Monitoring Products (DMP)
Company
iENSO Inc.
On July 5, 2023, Digital Monitoring Products (DMP) announced a strategic investment in iENSO Inc., a developer and supplier of intelligent embedded vision platforms. This investment aimed to enhance DMP's offerings in the commercial and residential video security market by combining iENSO's video expertise with DMP's extensive record of innovation and customer service. The partnership will provide iENSO with access to DMP's North American manufacturing resources, expertise, and dealer network, facilitating growth and development of camera products, cloud services, and sensing solutions.
Both companies have operations in Canada, with iENSO headquartered in Richmond Hill, Ontario, and DMP planning to leverage its Canadian presence for market expansion.
Transaction value was not disclosed.
Deal Type
Merger & AcquisitionIndustry
Tech/Computer/ITTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date