Acquisition *****
****** **** $**.** ******* in ****, ***** *****'* **** ***** documents:

**** ** ********** ****** than *** ******** $** million *** **** ********* had *******. ********* **** be **** * ******* fee, *** ***** ******.
************, ****** **** ****** liabilities ** ~$** *******:

Who ** ******?
[****: **** ******* ** copied **** *** **** last ****,**** ***** ** *** have ******* **** ****.]
****** ** * ******** traded *******, ******** ************* ** $** ******* vs* ****** ************** ****** $** *******. *** company ******** ******** *****, * ******-******* ***** surveillance ********,******, ** ********** ***** surveillance **************** ******** ** ****, *********** ********, ******* ****** ******* surveillance ************** ******** ** ****.
***** ******* ******* ****** Video *** ****** ** close, **** ****** ** made **** ******, ** the ******* ***** *****:

**** ***** ****** ****** and *&* ************ *** low, ** ************ **% and *.*%, ** ***** below:

******'* ******** ** ************ on ******* ******* ***** growing ******* ************, ********* to ******** **** ******** ************:

Future ** ******* ** ****** / **** *&*
****** *****, ** *** announcement, **** ** ***** strength ****** ** * 'real' ************:
** ******** ******’* ******** to ****** * ****** in *** ***** ************ industry, ************* **** * value-added *** ******* ******* to * ************* ***** and ****** *******. ***** with *** ***** ****** acquisitions, *** ******* *********** increases *** ************* *** design **** ************* **% to **% ** *** revenue.
********* ** ****, ****** emphasized **** **** ***** be ********** ********** ** Arecont's ******* *&*:
******* ** ********* ******** 8% ** ******* **** the ****** ********** ** staff. ***** *** *********** we ****** **** *** R&D ***** **** ******** to *** **-**% ***** as ** **** *** technical ********* ** ******** the *********** *** ******* of *** **** ******* line.
********** ****, ****** ***** their ******* ********** **** their **** ** ********:
**** ** ****** **-**% on *&* **** ********** spend **** **** **** as **** ********* ** house ******* *** *** developing *** ******* *** future ****** ********... ****** has ********** **-********** ***** product **** ***** *** acquisition.
Arecont ********** ******** ************
*******'* ********* **** ******** noted ** **** **** he *** ***** ******'* management *** **** **** 20 ***** *** **** the *********** *** ********** received, ****** ******'* "******* commitment ** ********* *** business **** *** ******, not **** *&* *** customer ******* *** ******* as ****."
Upside *** ******
******, ************** ****** (*** **** slip), ** * ********** small *******. ******, *******'* revenue **** **** *****, even ** ***** *******, was **** ******** **** than ******. *** ******, they ***** ********* ****** their ******* *******. ****, depending ** **** '*********' / **** ******* **** can **** **** ********* operations, ** ***** ******** Costar's *************. *** ***** the *** *********** *****, if **** **** ******* around *** ***** *** mistakes ** *******'* ********, they ***** *** ******* growth **** *******'* ******** state *********.
Challenges *** ******
*******, ***** *** ********* challenges *** ****** / Arecont *********:
- *******: ***** ******'* ********** small **** *** ***** status **** ****** *** relatively ***** ***** ************ industry, *** **** ******* / ********* **** *** access ** **** ** a **** ******** *** likely **********.
- ***********: ******* ** *******, will **** ****** ********* and **** ** ******* cameras ** **** ** beat *** **** ** Axis, ********, *****, *********, etc.? **** *** **** 5 *****, *******'* ***** lead ** **** ****** resolution *** *****-****** ******* have ****** **** ********** or *** **** *************. What *** ****** / Arecont ** ** ******* this?
- ********:*******'* ***** ** *******, ** *** *** least. *******, ****** *** very ****** **** ***********. To **** ***, ******* will **** ****** **** to ****** ***** *****, which **** *** ** easy.
- ********* ****** *****: ** **** ** interesting ** *** *** much '*********' ***** ******* selling ****** ******'* *****. For *******, *** ******'* existing ****** ** ************** businesses **** ******* **** more *****-******* ** ***** verticals?
Vote / ****

Comments (30)
Undisclosed #1
Why in the world are they continuing with the FPGA approach? Given the various SoC options available today, they are re-inventing the wheel and carving it out of stone in sticking with FPGAs.
Continuing to support existing products is one thing, but sinking more development time and money into that architecture is a losing strategy.
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Undisclosed Manufacturer #2
I think that the concept has merit, but is there any actual evidence to support this architecture? Has there been a case of in the field re-programming that you couldn't do with a "standard" SoC with a firmware update?
Is the FPGA so flexible that they can use it for next-generation products, or do they need a newer chip, just like any other SoC-based product, increasing CPU, etc. with each generation?
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Undisclosed Manufacturer #3
Didn’t Bosch add an FPGA to certain cameras for analytics?
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Undisclosed Integrator #4
I don't know how much influence or involvement Karen Evans, President of Sielox and one of the Key Executives listed for Costar, will have with their new Arecont division. I've met her a few times and she always seemed very sharp, astute and hands on with her company and products. It's not uncommon for her to accompany and take lead on sales calls and answering technical discussions.
So that was the only the only reason I voted Positive- a very cautious and hopeful positive! Because yes they have a very long uphill battle ahead.
In the meantime, here's to Arestar!
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Chalon Dilber
Never underestimate the Ultrak mafia! Really smart buy low and turn-around opportunity, just like Cohu. I hope Calderon is retained long term as he probably knows best where the bodies and efficiencies are buried at Arecont and he's a really good operator, like the team at Costar.
My only concern would be if the debt servicing (I'm assuming they didn't have ~$21M in cash since their market cap was only $13M) became a burden. But I haven't seen any news on the terms of financing for the Arecont purchase.
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Undisclosed #5
Now that they’ve hit the reset button, perhaps they can add one as well...
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Undisclosed Manufacturer #6
Have there been any mentions of whether or not this acquisition will affect Arecont's new relationship with OpenEye for their VMS? Seems that Costar might benefit greatly from that aspect of things, as well, but I just wasn't sure how OpenEye might feel about it.
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Undisclosed Integrator #4
Just came across and old email from 2012 where Arecont support was blaming the "pink hue" we kept getting on some of the sensors of the AV8185 on probably a "glitch in the VMS software". Which most everybody knows is was probably stuck IR filters very common with those models.
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John Honovich
Costar / Arecont webinar recorded + presentation slides. I only watched a little bit so far but wanted to include this on the post.
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