Arecont Acquisition By Costar

By: John Honovich, Published on Jul 11, 2018

Arecont Vision acquisition by Costar [link no longer available] 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.

******* ****** *********** ** Costar [**** ** ****** available] ************ *** **** approved ** *** *****,********** *** ********** **************** *********'* ******** $** ******* 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!  ****** ***** *** *** and ****-****** ***********, **** like ****.  * **** Calderon ** ******** **** term ** ** ******** knows **** ***** *** bodies *** ************ *** buried at ******* *** **'* a really **** ********, **** the **** ** ******.

** **** ******* ***** be ** *** **** ********* (I'm ******** **** ****'* have ~$*** ** **** since ***** ****** *** *** only $***) ****** * burden. *** * *****'* seen *** **** ** the ***** ** ********* for *** ******* ********.

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

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

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

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

** *** ***********, ** don't *** **** ********* (**** nor *****) ** *** company ** *****.

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

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

* ***. *** * huge ********, ******* *** volume *** **** ********, but *********** ***********. *'* a ***** ***** ******** so ***'* **** ** to ******, *** * thought ****** ****** ****** they ******** ******* ***** ** like ******* ** ** the ****** ***** ** an ***, ***** **** were ********** * ********* owned *******.

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

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

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

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

***, ******** **** ***** than ***********! ***. * have *** **** *********** with ***** ******. **** like ** **** ****** ******* lots **** * ******* looking *** * ******* spot ** *** **** store.

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

**** ** ***** ******* pretty *** ******* ** always, *** *** ***** ** up **% **** *******.

**** ** ***** ******* 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 ********* ***** * **** can ** **** **** this *** ** *** continuation ** * ****, multi-year ****-** ****. 

*** ****-**?  *** **** of ***** ***** ******* reads **** **** **** a *** ** ********** with distressed ******, ********** *** creative *********.  * ********:

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

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

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

***** ************ *******, *****, often ******, ***** ********* that *** **** **** positive combined **** ********** ************* *** 'falling ****', '**** ** the ***', ****** (**** smart ** *** ********* of * ***** ***!)

** **** ** ******** to *** *** **** **** around ******* *** **** steps **** **** ****.  Their ************ ********* ***** on ***** ********* *** there ** ** ************ property ** *** ** their ******** ********* ** *** as I *** ****; ** ******, there's ** ******** ** ***** analytics ********* ** '**********' video ********* ********* *** that ******.  *** ***** to ********* **... 

 

 

 

******, **** ******. * 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 *** *** *** ** well...

*******: ******* ***** * ***** 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 ******.

 

* **** ******* **** ******* for ***** ****** ******** a ************ ** *****, flapping ******* ********** ***** and ********** *****, *** delivering ***** ****** *** second **** *******/**********. *** best *** ** **** my *** ** ** ask ** ** ***** an ******* ****** *******.

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

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

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

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

Read this IPVM report for free.

This article is part of IPVM's 6,367 reports, 855 tests and is only available to members. To get a one-time preview of our work, enter your work email to access the full article.

Already a member? Login here | Join now

Related Reports

Wesco Wins Anixter on Jan 13, 2020
Despite Anixter earlier arguing that Wesco's bid was inferior to CD&R's by nearly 10%, Anixter confirmed that they are taking Wesco's 3.1%...
Open Options Acquired By ACRE on Dec 17, 2018
ACRE is doing deals again. A year after they sold Mercury, they are buying another access control company - Open Options. In this note, we...
New Top Bidder, Arecont Goes To Auction on Jul 05, 2018
$10 million cash will not be enough to buy Arecont. Though Arecont signed a purchase agreement with a turnaround specialist, a rival video...
Buy Arecont: Top Bid $10 Million Cash on May 22, 2018
Last year, Arecont had a deal for a purchase price of $170 million (see Failed Arecont China Acquisition). This year, Arecont has a deal for a...
Arecont Files Ch.11, Agrees To Sell To Turnaround Specialist on May 14, 2018
The long-anticipated sale of Arecont Vision is finally happening. After raising $80 million in debt in 2014, a failed sale in 2017 and the...
Avigilon Admits Contacting 70 Bidders on Mar 01, 2018
A new Avigilon financial disclosure shows that Avigilon, via its banker, had contacted 70 bidders in a formal 'sales process' conducted in late...
Avigilon Acquired By Motorola Solutions on Feb 01, 2018
Avigilon has finally been acquired. The acquirer is Motorola Solutions, a $16 billion market cap publicly traded company who sells direct and has...
Vivotek Delta Acquisition Concludes on Oct 02, 2017
On August 8, 2017, Delta Group made an offer to acquire Vivotek. Now, the acquisition process has concluded. Inside this note, we examine the...
OpenEye Takes Aim At Exacq on Mar 23, 2017
First Milestone targeted Exacq with a takeover offer, and now OpenEye is gunning for them with an offer to swap out Exacq for their cloud-managed...

Most Recent Industry Reports

Hikvision Illicitly Uses Back To The Future In Marketing on Jul 03, 2020
NBCUniversal told IPVM that Hikvision UK's ongoing coronavirus marketing campaign using NBCUniversal's assets was not allowed. Hikvision mass...
Verkada: "IPVM Should Never Be Your Source of News" on Jul 02, 2020
Verkada was unhappy with IPVM's recent coverage declaring that reading IPVM is 'not a good look' and that 'IPVM should never be your source of...
Vintra Presents FulcrumAI Face Recognition on Jul 02, 2020
Vintra presented its FulcrumAI face recognition and mask detection offering at the May 2020 IPVM Startups show. Inside this report: A...
Uniview Wrist Temperature Reader Tested on Jul 02, 2020
Uniview is promoting measuring wrist temperatures whereas most others are just offering forehead or inner canthus measurements. But how well does...
Dahua USA Admits Thermal Solutions "Qualify As Medical Devices" on Jul 02, 2020
Dahua USA has issued a press release admitting a controversial point in the industry but an obvious one to the US FDA, that the thermal temperature...
Access Control Online Show - July 2020 - With 40+ Manufacturers - Register Now on Jul 01, 2020
IPVM is excited to announce our July 2020 Access Control Show. With 40+ companies presenting across 4 days, this is a unique opportunity to hear...
Hanwha Face Mask Detection Tested on Jul 01, 2020
Face mask detection or, more specifically lack-of-face-mask detection, is an expanding offering in the midst of coronavirus. Hanwha in partnership...
UK Government Says Fever Cameras "Unsuitable" on Jul 01, 2020
The UK government's medical device regulator, MHRA, told IPVM that fever-seeking thermal cameras are "unsuitable for this purpose" and recommends...
Camera Course Summer 2020 on Jun 30, 2020
This is the only independent surveillance camera course, based on in-depth product and technology testing. Lots of manufacturer training...
Worst Over But Integrators Still Dealing With Coronavirus Problems (June Statistics) on Jun 30, 2020
While numbers of integrators very impacted by Coronavirus continue to drop, most are still moderately dealing with the pandemic's problems, June...