Digital Monitoring Products acquires stake in iENSO to advance video security technology

Company

Digital Monitoring Products (DMP)

Law Firm / Organization
Digital Monitoring Products
Lawyer(s)

Wade Early

Company

iENSO Inc.

Law Firm / Organization
Goodmans LLP

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.

Merger & Acquisition
Tech/Computer/IT
Undisclosed/Confidential
Active