M&A Deal Summary

IPVideo Acquires VuroAI

On December 12, 2022, IPVideo acquired information technology company VuroAI from VURO Technologies

Acquisition Highlights
  • This is IPVideo’s 1st transaction in the Information Technology sector.
  • This is IPVideo’s 1st transaction in the United States.
  • This is IPVideo’s 1st transaction in New York.

M&A Deal Summary

Date 2022-12-12
Target VuroAI
Sector Information Technology
Buyer(s) IPVideo
Sellers(s) VURO Technologies
Deal Type Divestiture

Target

VuroAI

New York, New York, United States
VuroAI provides unique insight to keep fleets productive and profitable. The system can autodetect distracted driving behaviors, harsh vehicle maneuvers and a host of vehicle operating parameters.

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Buyer(S) 1

Buyer

IPVideo

New York, New York, United States

Category Company
Founded 1996
Sector Information Technology
DESCRIPTION

IPVideo is a provider of surveillance recording solutions. IPVideo’s worldwide client base is served by a network of certified distributors, dealers, and system integrators, who benefit from ongoing corporate support and training. IPVideo was formed in 1996 and is based in New York City.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1

Seller(S) 1

SELLER

VURO Technologies

New York, New York, United States

Category Company
Founded 2017
Sector Information Technology
DESCRIPTION

VURO Technologies provides an AI-enabled driver and vehicle monitoring solution. It provides an integrated hardware device that uses AI algorithms and multi-sensors to detect dangerous driving behaviors, including distraction, drowsiness, hard acceleration, drunk driving, and more. It offers solutions to improve the safety and efficiency of the operations of public agencies, commercial, and private fleets. VURO Technologies was founded in 2017 and is based in New York City.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1