Arecont Acquisition By Costar

Author: John Honovich, Published on Jul 11, 2018

Arecont Vision acquisition by Costar Technologies has been approved by the court, concluding the bankruptcy process triggered by Arecont's founders $80 million loan default, and winning the auction vs Turnspire.

But who is Costar? And what happens to Arecont now? Inside this note, based on feedback from Costar and Arecont, we examine these questions.

******* ***************** ** ****************** *** **** ******** ** *** *****,********** *** ********** **************** *********'* ******** $** ******* ***********, *** ******* ********** ** *********.

*** *** ** ******? *** **** ******* ** ******* ***? Inside **** ****, ***** ** ******** **** ****** *** *******, we ******* ***** *********.

[***************]

Acquisition *****

****** **** $**.** ******* ** ****, ***** *****'* **** ***** *********:

**** ** ********** ****** **** *** ******** $** ******* *** that ********* *** *******. ********* **** ** **** * ******* fee, *** ***** ******.

************, ****** **** ****** *********** ** ~$** *******:

Who ** ******?

[****: **** ******* ** ****** **** *** **** **** ****,**** ***** ** *** **** ******* **** ****.]

****** ** * ******** ****** *******, ******** ************* ** $** ******* *** ****** ************** ****** $** *******. *** ******* ******** ******** *****, * ******-******* ***** ************ ********,******, ** ********** ***** ************ **************** ******** ** ****, *********** ********, ******* ****** ******* ************ ************** ******** ** ****.

***** ******* ******* ****** ***** *** ****** ** *****, **** profit ** **** **** ******, ** *** ******* ***** *****:

**** ***** ****** ****** *** *&* ************ *** ***, ** respectively **% *** *.*%, ** ***** *****:

******'* ******** ** ************ ** ******* ******* ***** ******* ******* acquisitions, ********* ** ******** **** ******** ************:

Future ** ******* ** ****** / **** *&*

****** *****, ** *** ************, **** ** ***** ******** ****** as * '****' ************:

** ******** ******’* ******** ** ****** * ****** ** *** video ************ ********, ************* **** * *****-***** *** ******* ******* to * ************* ***** *** ****** *******. ***** **** *** other ****** ************, *** ******* *********** ********* *** ************* *** design **** ************* **% ** **% ** *** *******.

********* ** ****, ****** ********** **** **** ***** ** ********** investment ** *******'* ******* *&*:

******* ** ********* ******** *% ** ******* **** *** ****** reductions ** *****. ***** *** *********** ** ****** **** *** R&D ***** **** ******** ** *** **-**% ***** ** ** hire *** ********* ********* ** ******** *** *********** *** ******* of *** **** ******* ****.

********** ****, ****** ***** ***** ******* ********** **** ***** **** HD ********:

**** ** ****** **-**% ** *&* **** ********** ***** **** over **** ** **** ********* ** ***** ******* *** *** developing *** ******* *** ****** ****** ********... ****** *** ********** re-engineered ***** ******* **** ***** *** ***********.

Arecont ********** ******** ************

*******'* ********* **** ******** ***** ** **** **** ** *** known ******'* ********** *** **** **** ** ***** *** **** the *********** *** ********** ********, ****** ******'* "******* ********** ** improving *** ******** **** *** ******, *** **** *&* *** customer ******* *** ******* ** ****."

Upside *** ******

******, ************** ****** (*** **** ****), ** * ********** ***** *******. ******, *******'* ******* **** last *****, **** ** ***** *******, *** **** ******** **** than ******. *** ******, **** ***** ********* ****** ***** ******* quickly. ****, ********* ** **** '*********' / **** ******* **** can **** **** ********* **********, ** ***** ******** ******'* *************. And ***** *** *** *********** *****, ** **** **** ******* around *** ***** *** ******** ** *******'* ********, **** ***** see ******* ****** **** *******'* ******** ***** *********.

Challenges *** ******

*******, ***** *** ********* ********** *** ****** / ******* *********:

  • *******: ***** ******'* ********** ***** **** *** ***** ****** **** within *** ********** ***** ***** ************ ********, *** **** ******* / ********* **** *** ****** ** **** ** * **** question *** ****** **********.
  • ***********: ******* ** *******, **** **** ****** ********* *** **** to ******* ******* ** **** ** **** *** **** ** Axis, ********, *****, *********, ***.? **** *** **** * *****, Arecont's ***** **** ** **** ****** ********** *** *****-****** ******* have ****** **** ********** ** *** **** *************. **** *** Costar / ******* ** ** ******* ****?
  • ********:*******'* ***** ** *******, ** *** *** *****. *******, ****** *** **** ****** name ***********. ** **** ***, ******* **** **** ****** **** to ****** ***** *****, ***** **** *** ** ****.
  • ********* ****** *****: ** **** ** *********** ** *** *** **** '*********' exist ******* ******* ****** ******'* *****. *** *******, *** ******'* existing ****** ** ************** ********** **** ******* **** **** *****-******* in ***** *********?

Vote / ****

Comments (30)

Undisclosed #1

07/11/18 11:58am

******** *** *********** *** ******* ** *** **** ******* ****

*** ** *** ***** *** **** ********** **** *** **** approach? ***** *** ******* *** ******* ********* *****, **** *** re-inventing *** ***** *** ******* ** *** ** ***** ** sticking **** *****.

********** ** ******* ******** ******** ** *** *****, *** ******* more *********** **** *** ***** **** **** ************ ** * losing ********.

John Honovich

IPVM | In reply to Undisclosed #1 | 07/11/18 08:05am

**** ********. *'** ***** **** ** ***** ***** **** *** FPGAs ***** *******. * ** ******* **** **** **** ** say ******* ** *** **** ** *** ** ********* *** now?

John Honovich

IPVM | In reply to John Honovich | 07/11/18 09:37am

*******, ***** ****** **** **** ****** ******* ****** ** ***** roadmap, *********:

* **** *** **** ** *** ********* *** *********** ** both **** *** *** ********** ** **** ** ******* ** unison ** ******** *** ********** ** ****. *** ****** ******* will ******** ** **** *** **** *************** ******** *** ********* just ** ** ************ ****.

**** ***** *** **** ******** ******** / ************, ******* *****:

***** ***** *** *********** ** ****** *** ********** ** **** as ***** ******* *********** ********** ** *** *********** ** *******, non-visible *** ***** ****** ***** **** * ******** ********.

** **** *** **** **** **.

****: *** *** ******* **** **** '*******' **** ***** *** other / ******** ******* ******* *** ***** *****.

Undisclosed #1

In reply to John Honovich | 07/11/18 09:49am

***** ***** *** *********** ** ****** *** ********** ** **** as ***** ******* *********** ********** ** *** *********** ** *******, non-visible *** ***** ****** ***** **** * ******** ********.

************ ***** **. ** **** *********, *********, **, ********, *** several ******. *** ***'* **** ** ****, ** ****** ******** special ** ** ****, ***** *** ******* ***'* *********, *****, that *** *** ***** ***** ***** ** ******** ** ****.

*** *** ******* **** **** '*******' ****

*****, *** ***** *** ***/*** ***** ******? * *** *** get *** ********** **** ******* *** *** *********** ********* ** the ************ ****** ** *** ** ***** **** ****** ******** or ******** ******** ** *** ******* ****.

******* ****** *** ********** *** ******(*) **** ** ***** ****-***** cameras.

** ***'* **** ** **** *****-***** ******* ** ******* ** selling *,*** ****-***** ***** * ****.

Undisclosed Manufacturer #2

07/11/18 08:43am

* ***** **** *** ******* *** *****, *** ** ***** any ****** ******** ** ******* **** ************? *** ***** **** a **** ** ** *** ***** **-*********** **** *** ******'* do **** * "********" *** **** * ******** ******?

** *** **** ** ******** **** **** *** *** ** for ****-********** ********, ** ** **** **** * ***** ****, just **** *** ***** ***-***** *******, ********** ***, ***. **** each **********?

Undisclosed Manufacturer #3

07/11/18 08:56am

****’* ***** *** ** **** ** ******* ******* *** *********?

Undisclosed Integrator #4

07/11/18 09:16am

* ***'* **** *** **** ********* ** *********** ***** *****, President ** ****** *** *** ** *** *** ********** ****** for ******, **** **** **** ***** *** ******* ********. *'** met *** * *** ***** *** *** ****** ****** **** sharp, ****** *** ***** ** **** *** ******* *** ********. It's *** ******** *** *** ** ********* *** **** **** on ***** ***** *** ********* ********* ***********.

** **** *** *** **** *** **** ****** * ***** Positive- * **** ******** *** ******* ********! ******* *** **** have * **** **** ****** ****** *****.

** *** ********, ****'* ** *******!

Chalon Dilber

07/11/18 09:19am

***** ************* *** ****** *****! ****** ***** *** *** *** turn-around ***********, **** **** ****. * **** ******** ** ******** long **** ** ** ******** ***** **** ***** *** ****** and ************ *** ****** ** ******* *** **'* * ****** good ********, **** *** **** ** ******.

** **** ******* ***** ** ** *** **** ********* (*'* assuming **** ****'* **** ~$*** ** **** ***** ***** ****** cap *** **** $***) ****** * ******. *** * *****'* seen *** **** ** *** ***** ** ********* *** *** Arecont ********.

Undisclosed Integrator #4

In reply to Chalon Dilber | 07/11/18 10:21am

***** **** ****** *** ****** ***** ** ******* ** ****** might ** ****** ** ******** ******** ** *** ****.

**** ***** ********

*** ****'** **** **** **** **** ****** ** *** ** the *********'* *****. *** ** **** *** *** ****** ** a *********** *********, *** ***** ** ***** ******* ***** ***** help ****** *** ******** *** **** ***********.

John Honovich

IPVM | In reply to Undisclosed Integrator #4 | 07/11/18 10:24am

*** ****** **** ********** **** **** **** ***** *** ****;)

** *** ***********, ** ***'* *** **** ********* (**** *** short) ** *** ******* ** *****.

****, ** *** ******, ***** ***** *** **** *** ******* volume (** ****** ** **** **** * **** ***** *****), that ** ** ****** *****.

Undisclosed Integrator #4

In reply to John Honovich | 07/11/18 02:28pm

** * *** *** *** ***** *********, * ********* ***** have, ** ***** *** * ***** **** ****. ***, * would **** **** ** ** *% ***.

Undisclosed End User #7

In reply to John Honovich | 07/13/18 12:10pm

* ***. *** * **** ********, ******* *** ****** *** risk ********, *** *********** ***********. *'* * ***** ***** ******** so ***'* **** ** ** ******, *** * ******* ****** Costar ****** **** ******** ******* ***** ** **** ******* ** on *** ****** ***** ** ** ***, ***** **** **** previously * ********* ***** *******.

John Honovich

IPVM | In reply to Undisclosed End User #7 | 07/13/18 12:19pm

* ***. *** * **** ********

***, ************ ***** **** ***********:)

** *** ****** **** ***** ******* ********* *************, ** ***** increase ********* ** ******. *** ***** ********* ** **** ***, so *****'* ********* **** *** ******.

* ***'* **** **** ********* ** ********** **** ****** **** such * *** ******* ****** (*.*., **** **** ** ****** are ******). ****** **** ******** ** ***** ***** *** ********* risk ** ****?

Undisclosed End User #7

In reply to John Honovich | 07/16/18 11:16am

***, ******** **** ***** **** ***********! ***. * **** *** some *********** **** ***** ******. **** **** ** **** ****** parking **** **** * ******* ******* *** * ******* **** at *** **** *****.

****** **/*** **** * *** ** **** ** *** ****** with *** *** ***** ******** **** **** (*******?). *** * definitely *** *** *********** ** **** **** ******** ******.

**** ** ***** ******* ****** *** ******* ** ******, *** the ***** ** ** **% **** *******.

John Honovich

IPVM | In reply to Undisclosed End User #7 | 07/16/18 12:05pm

**** ** ***** ******* ****** *** ******* ** ******, *** the ***** ** ** **% **** *******.

***'** *****! ****** **** *** ****** **** **** ******:

John Honovich

IPVM | In reply to Chalon Dilber | 07/12/18 09:13am

** **** ******* ***** ** ** *** **** ********* (*'* assuming **** ****'* **** ~$*** ** **** ***** ***** ****** cap *** **** $***) ****** * ******

******, * ***** ****** ***** **** ********* *** **** *** received *** ********. * **** ******* **** *****. **'* * good ******** *** * ******* * ***** ** *** ******** post. ** * *** * ********, *'** ***.

Chalon Dilber

In reply to John Honovich | 07/12/18 03:55pm

****** ****,

** * ******* ****, ***** ******** ******* *** ******** ********* pages * **** *** ** **** **** **** *** ** the ************ ** * ****, *****-**** ****-** ****.

*** ****-**? *** **** ** ***** ***** ******* ***** **** they **** * *** ** ********** **** ********** ******, ********** and ******** *********. * ********:

...**** ********* ** ****** ******* *****, * ****** ********** ****, where ** ******* * ********* ** ********** **********, ****-************** ******** and ***** ***********

...******** ** *********/***** *********** ****. (******: ****), * ***** ***** acquisition *******.

...******* ********* ** *** ******* *** ************ ********** ** *. P. ****** ***** & **

***** ************ *******, *****, ***** ******, ***** ********* **** *** cash **** ******** ******** **** ********** ************* *** '******* ****', 'Made ** *** ***', ****** (**** ***** ** *** ********* of * ***** ***!)

** **** ** ******** ** *** *** **** **** ****** Arecont *** **** ***** **** **** ****. ***** ************ ********* focus ** ***** ********* *** ***** ** ** ************ ******** in *** ** ***** ******** ********* ** *** ** * can ****; ** ******, *****'* ** ******** ** ***** ********* providers ** '**********' ***** ********* ********* *** **** ******. *** topic ** ********* **...

John Honovich

IPVM | In reply to Chalon Dilber | 07/12/18 12:08pm

******, **** ******. * ***** **** ***. ** ********* ******** ************* ***** ** *** *******, ** ******** ***** ******** ** acquiring $* - $** ******* ******* ********.

***** **** *** **** ***** *** **** *** ** ***** becoming * ************ ********. ****** ******* ******* ********* *** ****** to ***** **** ********, * ***'* ****.

** *** ***** ****, **** ** ***** ********* **** ****, but ********* (***** * ***** ** ****** **** ***** * OTC **** ****), **** * *** **** ***** *** ******* with * *** *** (******/******* *******).

John Honovich

IPVM | In reply to Chalon Dilber | 07/12/18 06:39pm

****** ******** ** *** **** ********* / ********* ********:

** **** *** ******** *** ********* ******* *** ****, ****** we **** *** *** ******* *** ********* ***. ** ** have * ******* ** ****** ************ ******* **** ********* *** utilizing *** ******** **** **** **** ********** ** *** **** pay **** *** **** ****, *** **** **** *********** ** the ************. ** ********** ********* *** **** ******** *** **** acquisition.

Undisclosed #8

In reply to Chalon Dilber | 07/16/18 11:54am

**** ***** ** ** ***** ** ** **** ******* ********* like ******** *** *** **** ** *** ********** ****. *** company ****** ***** *** ********** *** **** ***.

** ****** ** **** ******** ***** **** *** *** ****** and ** ******* **** *** ******* * *****.

John Honovich

IPVM | In reply to Undisclosed #8 | 07/16/18 12:03pm

** ****** ** **** ******** ***** **** *** *** ****** and ** ******* **** *** ******* * *****.

** *********?

Undisclosed #5

07/11/18 02:56pm

*** **** ****’** *** *** ***** ******, ******* **** *** add *** ** ****...

John Honovich

IPVM | In reply to Undisclosed #5 | 07/11/18 11:04am

*******:******* ***** * ***** ****** *** * ****

*** ****** ******* ****** **** * ***** ******:

Undisclosed Manufacturer #6

07/11/18 01:56pm

**** ***** **** *** ******** ** ******* ** *** **** acquisition **** ****** *******'* *** ************ **** ******* *** ***** VMS? ***** **** ****** ***** ******* ******* **** **** ****** of ******, ** ****, *** * **** ****'* **** *** OpenEye ***** **** ***** **.

Undisclosed Integrator #4

07/16/18 05:50pm

**** **** ****** *** *** ***** **** **** ***** ******* support *** ******* *** "**** ***" ** **** ******* ** some ** *** ******* ** *** ****** ** ******** * "glitch ** *** *** ********". ***** **** ********* ***** ** was ******** ***** ** ******* **** ****** **** ***** ******.

Undisclosed #10

In reply to Undisclosed Integrator #4 | 07/24/18 09:08pm

* **** ******* **** ******* *** ***** ****** ******** * kaleidoscope ** *****, ******** ******* ********** ***** *** ********** *****, and ********** ***** ****** *** ****** **** *******/**********. *** **** way ** **** ** *** ** ** *** ** ** solve ** ******* ****** *******.

John Honovich

IPVM | 07/24/18 01:44pm

****** / ******* ******* ********+************ ******. * **** ******* * ****** *** ** *** *** wanted ** ******* **** ** *** ****.

Undisclosed Manufacturer #11

In reply to John Honovich | 07/24/18 08:54pm

**** ******* *** ****** ************. *** ****** ** ******** *** single ********** ******* ** **** ** *** ** *** ******. Pity.

John Honovich

IPVM | In reply to Undisclosed Manufacturer #11 | 07/25/18 01:01am

**** ****** *** * ******* ** ******* **, ******* **** expectations *** *** ****?

Undisclosed Integrator #4

In reply to Undisclosed Manufacturer #11 | 07/25/18 12:48pm

** ***** ******* **** **** *** *** ******* ** *** the ***** **** **** *** **** ** ****** ** *** on *** ********** ** ******** ****** *** ***** ***** ** normal ***** **** ******** * **** *** ********* **** *** asset ** ******. *********.

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