Arecont Acquisition By Costar

By: 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.

******* ***************** ** ****************** *** **** ******** by *** *****,********** *** ********** **************** *********'* ******** $** ******* loan*******, *** ******* ********** ** *********.

*** *** ** ******? And **** ******* ** Arecont ***? ****** **** note, ***** ** ******** from ****** *** *******, we ******* ***** *********.

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

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)

******** *** *********** *** support ** *** **** product ****

*** ** *** ***** are **** ********** **** the **** ********? ***** the ******* *** ******* available *****, **** *** re-inventing *** ***** *** carving ** *** ** stone ** ******** **** FPGAs.

********** ** ******* ******** products ** *** *****, but ******* **** *********** time *** ***** **** that ************ ** * losing ********.

**** ********. *'** ***** them ** ***** ***** case *** ***** ***** forward. * ** ******* what **** **** ** say ******* ** *** past ** *** ** advantage *** ***?

*******, ***** ****** **** they ****** ******* ****** on ***** *******, *********:

* **** *** **** we *** ********* *** utilization ** **** **** and *** ********** ** well ** ******* ** unison ** ******** *** advantages ** ****. *** future ******* **** ******** to **** *** **** differentiating ******** *** ********* just ** ** ************ have.

**** ***** *** **** specific ******** / ************, Arecont *****:

***** ***** *** *********** of ****** *** ********** as **** ** ***** special *********** ********** ** the *********** ** *******, non-visible *** ***** ****** types **** * ******** solution.

** **** *** **** they **.

****: *** *** ******* line **** '*******' **** while *** ***** / existing ******* ******* *** their *****.

***** ***** *** *********** of ****** *** ********** as **** ** ***** special *********** ********** ** the *********** ** *******, non-visible *** ***** ****** types **** * ******** solution.

************ ***** **. ** have *********, *********, **, Qualcomm, *** ******* ******. You ***'* **** ** FPGA, ** ****** ******** special ** ** ****, there *** ******* ***'* available, *****, **** *** can ***** ***** ***** of ******** ** ****.

*** *** ******* **** uses '*******' ****

*****, *** ***** *** OEM/ODM ***** ******? * did *** *** *** impression **** ******* *** any *********** ********* ** the ************ ****** ** any ** ***** **** recent ******** ** ******** products ** *** ******* line.

******* ****** *** ********** why ******(*) **** ** doing ****-***** *******.

** ***'* **** ** some *****-***** ******* ** company ** ******* *,*** FPGA-based ***** * ****.

* ***** **** *** concept *** *****, *** is ***** *** ****** evidence ** ******* **** architecture? *** ***** **** a **** ** ** the ***** **-*********** **** you ******'* ** **** a "********" *** **** a ******** ******?

** *** **** ** flexible **** **** *** use ** *** ****-********** products, ** ** **** need * ***** ****, just **** *** ***** SoC-based *******, ********** ***, etc. **** **** **********?

****’* ***** *** ** FPGA ** ******* ******* for *********?

* ***'* **** *** much ********* ** *********** Karen *****, ********* ** Sielox *** *** ** the *** ********** ****** for ******, **** **** with ***** *** ******* division. *'** *** *** a *** ***** *** she ****** ****** **** sharp, ****** *** ***** on **** *** ******* and ********. **'* *** uncommon *** *** ** accompany *** **** **** on ***** ***** *** answering ********* ***********.

** **** *** *** only *** **** ****** I ***** ********- * very ******** *** ******* positive! ******* *** **** have * **** **** uphill ****** *****.

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

***** ************* *** ****** mafia! ****** ***** *** low *** ****-****** ***********, just **** ****. * hope ******** ** ******** long **** ** ** probably ***** **** ***** the ****** *** ************ are ****** ** ******* and **'* * ****** good ********, **** *** team ** ******.

** **** ******* ***** be ** *** **** servicing (*'* ******** **** didn't **** ~$*** ** cash ***** ***** ****** cap *** **** $***) became * ******. *** I *****'* **** *** news ** *** ***** of ********* *** *** Arecont ********.

***** **** ****** *** market ***** ** ******* at ****** ***** ** trying ** ******** ******** on *** ****.

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

*** ****'** **** **** than **** ****** ** get ** *** *********'* radar. *** ** **** can *** ****** ** a *********** *********, *** boost ** ***** ******* worth ***** **** ****** the ******** *** **** acquisition.

*** ****** **** ********** **** **** **** broke *** ****;)

** *** ***********, ** don't *** **** ********* (long *** *****) ** any ******* ** *****.

****, ** *** ******, their ***** *** **** low ******* ****** (** trades ** **** **** a **** ***** *****), that ** ** ****** risky.

** * *** *** the ***** *********, * seriously ***** ****, ** least *** * ***** term ****. ***, * would **** **** ** by *% ***.

* ***. *** * huge ********, ******* *** volume *** **** ********, but *********** ***********. *'* a ***** ***** ******** so ***'* **** ** to ******, *** * thought ****** ****** ****** they ******** ******* ***** be **** ******* ** on *** ****** ***** of ** ***, ***** they **** ********** * privately ***** *******.

* ***. *** * huge ********

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

** *** ****** **** their ******* ********* *************, it ***** ******** ********* to ******. *** ***** valuation ** **** ***, so *****'* ********* **** for ******.

* ***'* **** **** knowledge ** ********** **** stocks **** **** * low ******* ****** (*.*., most **** ** ****** are ******). ****** **** anything ** ***** ***** the ********* **** ** that?

***, ******** **** ***** than ***********! ***. * have *** **** *********** with ***** ******. **** like ** **** ****** parking **** **** * grandma ******* *** * parking **** ** *** yarn *****.

****** **/*** **** * lot ** **** ** one ****** **** *** few ***** ******** **** have (*******?). *** * definitely *** *** *********** to **** **** ******** around.

**** ** ***** ******* pretty *** ******* ** always, *** *** ***** is ** **% **** morning.

**** ** ***** ******* pretty *** ******* ** always, *** *** ***** is ** **% **** morning.

***'** *****! ****** **** 300 ****** **** **** traded:

** **** ******* ***** be ** *** **** servicing (*'* ******** **** didn't **** ~$*** ** cash ***** ***** ****** cap *** **** $***) became * ******

******, * ***** ****** about **** ********* *** have *** ******** *** response. * **** ******* them *****. **'* * good ******** *** * concern * ***** ** the ******** ****. ** I *** * ********, I'll ***.

****** ****,

** * ******* ****, after ******** ******* *** investor ********* ***** * case *** ** **** that **** *** ** the ************ ** * slow, *****-**** ****-** ****.

*** ****-**? *** **** of ***** ***** ******* reads **** **** **** a *** ** ********** with ********** ******, ********** and ******** *********. * excerpts:

...**** ********* ** ****** Capital *****, * ****** investment ****, ***** ** managed * ********* ** distressed **********, ****-************** ******** and ***** ***********

...******** ** *********/***** *********** Corp. (******: ****), * blank ***** *********** *******.

...******* ********* ** *** mergers *** ************ ********** at *. *. ****** Chase & **

***** ************ *******, *****, often ******, ***** ********* that *** **** **** positive ******** **** ********** opportunities *** '******* ****', 'Made ** *** ***', brands (**** ***** ** the ********* ** * trade ***!)

** **** ** ******** to *** *** **** turn ****** ******* *** what ***** **** **** next. ***** ************ ********* focus ** ***** ********* but ***** ** ** intellectual ******** ** *** of ***** ******** ********* as *** ** * can ****; ** ******, there's ** ******** ** video ********* ********* ** 'distressed' ***** ********* ********* for **** ******. *** topic ** ********* **...

******, **** ******. * agree **** ***. ** their**** ******** ************* ***** ** *** article, ** ******** ***** strategy ** ********* $* - $** ******* ******* annually.

***** **** *** **** money *** **** *** it ***** ******** * frankenstein ********. ****** ******* related ********* *** ****** to ***** **** ********, I ***'* ****.

** *** ***** ****, ACRE ** ***** ********* like ****, *** ********* (which * ***** ** better **** ***** * OTC **** ****), **** a *** **** ***** and ******* **** * big *** (******/******* *******).

****** ******** ** *** debt ********* / ********* question:

** **** *** ******** via ********* ******* *** Bank, ****** ** **** did *** ******* *** specifics ***. ** ** have * ******* ** making ************ ******* **** financing *** ********* *** positive **** **** **** operations ** *** **** pay **** *** **** debt, *** **** **** investments ** *** ************. We ********** ********* *** same ******** *** **** acquisition.

**** ***** ** ** would ** ** **** useless ********* **** ******** and *** **** ** the ********** ****. *** company ****** ***** *** leadership *** **** ***.

** ****** ** **** politics ***** **** *** sit ****** *** ** nothing **** *** ******* a *****.

** ****** ** **** politics ***** **** *** sit ****** *** ** nothing **** *** ******* a *****.

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

*** **** ****’** *** the ***** ******, ******* they *** *** *** as ****...

*******:******* ***** * ***** Button *** * ****

*** ****** ******* ****** **** * ***** button:

**** ***** **** *** mentions ** ******* ** not **** *********** **** affect *******'* *** ************ with ******* *** ***** VMS? ***** **** ****** might ******* ******* **** that ****** ** ******, as ****, *** * just ****'* **** *** OpenEye ***** **** ***** it.

**** **** ****** *** old ***** **** **** where ******* ******* *** blaming *** "**** ***" we **** ******* ** some ** *** ******* of *** ****** ** probably * "****** ** the *** ********". ***** most ********* ***** ** was ******** ***** ** filters **** ****** **** those ******.

* **** ******* **** Arecont *** ***** ****** becoming * ************ ** color, ******** ******* ********** black *** ********** *****, and ********** ***** ****** per ****** **** *******/**********. The **** *** ** ruin ** *** ** to *** ** ** solve ** ******* ****** problem.

****** / ******* ******* recorded+************ ******. * **** ******* a ****** *** ** far *** ****** ** include **** ** *** post.

**** ******* *** ****** presentation. *** ****** ** identify *** ****** ********** thought ** **** ** any ** *** ******. Pity.

**** ****** *** * company ** ******* **, perhaps **** ************ *** too ****?

** ***** ******* **** just *** *** ******* so *** *** ***** term **** *** **** be ****** ** *** on *** ********** ** activity ****** *** ***** along ** ****** ***** they ******** * **** for ********* **** *** asset ** ******. *********.

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports

San Francisco Face Recognition Ban And Surveillance Regulation Details Examined on May 14, 2019
San Francisco passed the legislation 8-1 today. While the face recognition 'ban' has already received significant attention over the past few...
10 Facial Recognition Providers Review (Secutech) on May 09, 2019
Adding to our 19 Facial Recognition Providers Profiled report from ISC West, IPVM focused on facial recognition technology for our Day 2 coverage...
Aegis AI Gun Detection Video Analytics Startup on May 07, 2019
Gun detection analytic startups are increasing as the promise of AI and the threats of active shooters grow.  One company, Aegis AI, is being led...
Restaurant Security Manager Interview on May 06, 2019
Wright’s Gourmet House in Tampa, Florida has been around for over 50 years. During most of that time, there were no security measures in place. Now...
Bastille Cell Phone Tracking Profile on Apr 30, 2019
Is tracking someone by their cellphone the next generation of surveillance? Bastille is a US startup which tracks people by their cellphone or...
Verkada Gets Half Billion Dollar Valuation on Apr 26, 2019
Last week, when we profiled Verkada (The Fastest Growing Video Surveillance Sales Organization Ever - Verkada), we predicted they would raise $40...
19 Facial Recognition Providers Profiled on Apr 23, 2019
IPVM interviewed 19 facial recognition providers at ISC West to understand their claimed accuracy, success and positioning. 9 from China, where...
ACRE Acquires RS2, Explains Acquisition Strategy on Apr 19, 2019
ACRE continues to buy, now acquiring RS2, just 5 months after buying Open Options. One is a small access control manufacturer from Texas, the...
ISC West 2019 Report on Apr 12, 2019
The IPVM team has finished at the Sands looking at what companies are offering and how they are changing their positioning. See below for 50+...
Failed Integrator Rollup, Securadyne Sells to Guard Giant Allied on Apr 10, 2019
One of the most ambitious integrator rollups of the decade has reached its conclusion—selling to a mega guard company. Allied Universal has...

Most Recent Industry Reports

NJ Law Requires Apprenticeship For Public Works Integrators on May 24, 2019
Few integrators do a formal apprenticeship program. However, now a NJ law is requiring any integrator on public works projects (such as state...
Security / Privacy Journalist Sam Pfeifle Interview on May 24, 2019
Sam Pfeifle is best known as the outspoken former Editor of Security Systems News. After that, he was publications director at the International...
Verkada Video Quality Problems Tested on May 23, 2019
Verkada suffers from numerous video quality problems, not found in commercial IP cameras, new IPVM testing of Verkada vs Axis and Hikvision...
Average Frame Rate Video Surveillance 2019 on May 23, 2019
What is the average frame rated used in video surveillance systems? In IPVM's 2011 statistics, the average was 6-8fps increasing to ~10fps in...
Access Control Job Walk Guide on May 22, 2019
Significant money can be saved and problems avoided with an access control job walk if you know what to look for and what to ask. By inviting...
ASCMA / Monitronics Declares Chapter 11 Bankruptcy Plan on May 22, 2019
Monitronics is entering into Chapter 11 bankruptcy. The company, also called Ascent Capital Group Inc., aka ASCMA, aka Brinks Home Security,...
US Considers Sanctions Against Hikvision and Dahua on May 22, 2019
The US government is considering blacklisting "up to 5" PRC surveillance firms, including Hikvision and Dahua, Bloomberg reported, with human...
Dahua USA Celebrates 5 Years of Errors on May 21, 2019
Dahua USA is, in their own words, 'celebrating' 5 years in North America or as trade magazine SSN declared: Dahua Technology finds success in...
Axis ~$150 Outdoor Camera Tested on May 21, 2019
Axis has released the latest in their Companion camera line, the outdoor Companion Dome Mini LE, a 1080p integrated IR model aiming to compete with...
Covert Facial Recognition Using Axis and Amazon By NYTimes on May 20, 2019
What if you took a 33MP Axis camera covering one of the busiest parks in the US and ran Amazon Facial Recognition against it? That is what the...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact