Arecont CEO And President Resign

By: John Honovich, Published on Apr 18, 2018

This is good news for Arecont.

Arecont's problems have been well known for years (e.g., most recently Worst Camera Manufacturers 2018 and starting with Worst IP Camera Manufacturers 2011). Many have wondered why can Arecont not fix this? Now they have fixed a core problem.

Co-founders Michael Kaplinksy and Vladmir Berezin have resigned, respectively from being CEO and President, clearing the way for Arecont to improve and resolve problems. The challenge will be whether they have enough time and resources left to undo the damage done.

In this note, we examine the resignations and the outlook for the company.

**** ** **** **** for *******.

*******'* ******** **** **** well ***** *** ***** (e.g., **** ******** ***** ****** ************* **** *** ******** ********* ** ****** ************* 2011). **** **** ******** why can ******* *** *** this? *** **** **** fixed * **** *******.

**-******** ******* ********* *** ******* Berezin **** ********, ************ from ***** *** *** President, ******** *** *** for ******* ** ******* and ******* ********. *** challenge **** ** ******* they **** ****** **** and ********* **** ** undo *** ****** ****.

** **** ****, ** examine *** ************ *** the ******* *** *** company.

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

Good ** *** **-********

*** ******** ************ ** the **-******** *** ***********. As PhDs, **** *****-***** ********* in ******* *******, *** co-founders ********* **** ** deliver *****-**-****** ********* ******* with *.*** (*** **** ******* ** this **** ** ***** ago). ********, **** **** able ** ******* **** at * ***** ***** cost **** ***** (***-*******) rivals ** *** **** - **** ***. *** combination ***** *******'* **** initial ****** *** *** something **** ******* ***** not **** ************ ******* the **-********. ***** **** indispensable *** *******'* *****.

Bad ** *** **-********

*** ********** *** **** was *** **-*** ******* Kaplinsky, ** ** ** still declares ******* ** ******** [link ** ****** *********], the '*****' ** *******:

  [**** ** ****** available]

** ** *** ** much *** ***** ***** days, ***** ** **** examine *****.

*** *******, ** ********* by **** ******* ********* and ******** **** *** years *** *****, *********, and ************* ** *** the ******* ******** ** the *******. ** ******* accounts, ******* *** ****** profitable *** ******* **** for **** *****, ** the ********** ****** **** **** *** as ****** ****** *** liking **** ** *** mattering ***** *** **** things **** ***** ***********.

Schafer **** ***

******* ***** ******* *** Arecont ****** ******** *******, *** ****** EVP ****** **** ****. *******, ** ****** of '*******' ** **** as *****, ****** ** deal **** *** ***** problems *** ******* *****, compounding **** **** *** own *********.

Industry ******** **

** *** ********, *** industry ****** ** ** many ******* ***** ***********. With *** **** ** Ambarella *** *********, ***** for ** ******* ****** better *** **** *********. With *** **** ** Chinese *************, ******* ** cameras **** ****. **** the **** ** ****** everyone ******** *****-*******, *******'* lead ** **** ******** ********.

Holding ** ********* ******* *** *** ****

***********, ********* *** ******* have ******** '****' **** the '********* *******' ** Arecont's ******* ********** **** notes:

*** *** *** ***** executives ** *** '******* company' ***** *** ****** in**** **** ******* **** on $** ******* ** debt. ******* ** *** size ** *** **** raise, *** **** ******* has * *********** ****** on *******. ** ** unknown ** ** *** much *** ** **** form *** **** ** executing **** ***** *** our **** ********** ** that *** **** *** some ****, **** ** indirectly, ** ********* ***** executive *******.

Calderon *******

 

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

**** ******** [**** ** longer *********], ****** ******** ** *** and **, **** *******'* ****** last ****, ******* ***, to *** **** ** our *********, ** *********** operating ** *** ** the *******.

******** ** ********* *** liked ** ******* ****** we **** ****** ** since *** ********* *** viewed ** **** **** Arecont *** *** ******. And **** *** ************ of *** **-********, ** gives ******** *** *********** to **** *** * true ***** ***** *** ** opportunity ** ******** **-***** the *******.

Challenges ******

***** ** *********** **** to ** **** *** there ** *** ***** of **** *** ************ and **** **** ** be ****, *** ***** which ** ** *** know *** *********** **.******* ***** ** **** itself **** ****, *** **** ****** of ******** ******** **** the *****, **** *** not ** *******. **** Calderon *** *** ********* ******* management **** *** ** now ******* ** ** seen, *******, ***** **** of *** ******** ** first ******* *** *** Kaplinsky *** ****** ***** in *** ***** *********.

Comments (17)

*** ** ** ***********, but *** ** *** think **** ***** ************ are ******** **** **** just ******* ** ******?

**** **** ******** ******* the *** ** *** operations, *** **** *** stopped?

********, ** ****’* *** case, ***** *********’* ********** ********** be *********** ** ** is ***** * ****** equity ******?

* ***** **'* **** than ******* ***** ** ******* close ** *** *******. My ************* ** **** they **** *** ******* running **********. ** *** 'acceleration', *********'* ****** ** likely ****** ** ** the **** *** *** bank's *********.

******** ** ***** *** VMS (*******) *** *******?  

*** *** ** ** OEM *********** **** *******.

*** ******* *** *** Cameras **** **** *** of *** **** ******* OEM *****.

*******, *** ******* **** does *** ****** ** have **** *******-******** ********** or ********* ** **, which ** ******** * good *****.

** **** ********* * post ************ ***** **** **** have ******* ** ****. We ** **** ** test **** *** ******* (which ******* **** **** their ********) *** *** OpenEye / ******* *** in *** **** *** months.

***** ******* **** **** their ********

* ***** ** **** interested ** *** ******* behind **** *********. *** Arecont ******* ** ******* and **** **** ******** veterans ** *** *********** side **** **** ******** experience ******* *********, ****** camera ********? **, *** their ****** **** ****, who **** **** ********** cameras **** "** ***** OS" *** *** **** decade+ ******** **** * crack ** ******* *** their ***** *** ** linux-based ******** *** ********* hardware? ****, ** ***** unlikely **** ******* ***** new ******** **** *** ground **, *** ****** considered *** *** ***** of *** ******* *** the ****** ** **** to *** ********.

** "**** ***** ********" I ******* **** **** "made **** ***** ************** and ******* ** **** provided ** *** ******* OEM".

** **-******** ** *******, * can *** ** *** a *** ******* ** work **. ** *** innovations. * ***** ******* and **** ** ** a ****(*** *********** ****:-) ) ******. *************, ******* *** *** have ****** ********* ******. 

**** **** ****!

****: **** ** * moderately ******** *****, *** sourced -

*** *******, ***** *** significant **** ********, **** significant ******* **** *** operating ******* *** *** dictate *** **** ** (i.e. *** ******** *********). *******, the ******** *** *** holding *******, *** *** ******** their ********* ***** **** though **** *** ** 'resigned' **** *** ********* company.

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

  • *** **** *** **** to ******* *** ********* company (******* ** *** ******), *** *** ******* company.
  • *** ******* ******* *** created ***** ****, * month ****** *** *** filing ********* *** $** million ****.
  • *** ******** ***** **** themselves ** ********** ** the ******* *******.
  • ******* ********* *** ***** created ** ******* ****** from ********* ******* ****** (e.g.,*).

****** **** ******** *************** or ******** ** *****?

**** ** **** * trip **** ****** **** for ** **** ******** else.  * ******** ** days ** ** ******** when *******, ****, *** Steven ******* **** ** and ******* ******* ******* for ** ** *** (which ** ******** *** do ******* ***** ****-**).

* ******** ********* ** Michael's ********** *********** ** megapixel ****** ******* ***** having ********* ** *** 2nd ***** ** *** Arecont ***** ** **** in ****.

****** * ***** ******* Michael *** *** ***** guy ** **** ******* to *** **** *****, as ******* *** *** borne *** ** ** true, * ****** ***** him, *** ********* *** admired **** *** ********** and *** ******.

* **** **** *** the ******* **** *** best ** **** ** they ***** **** ******* and **** *******.

...** **** ***** **** chapter...

***** ***, * ** 13?

;)

*** *** **** *** a ***** ******* ** one **** - * don't ***** **** ** a **** ****.

* **** ** ******** into *** ******** *********, operations ** ******** ** Arecont.  **** **** ****, if ***** ******* ******** are **** *** ***** as *** ** ** sounds **** ** **** forums/comments **** **** ******** is *** ***** ****** ** right *** ****.  **'* an ***********, ****** ********!  If ** ***** *** the ***** *** *** authority, **** * **** no ***** ******* **** be ********** *** **** positioned for ***** **** ***** of ****** ****** ** months.

* **** **** *** Arecont **** ** * diversity ** *******, ******, geographically ******* ************* ** good *** *** ******** and ********* **********.

******** ** **** *** over *** ********* ******* years ** ********* ******* cameras. *********** *** ** the *** ** *** problem ***** ******* *** because **** **** *** only ***** **** ****** on *** ****** ** the **** ** ********* with ****. 

******* ***** **** ***** we ******* ******** **** Arecont ***** ***** **** around *** ******* * reliable ******* ******. ****** the **** ****** ****** we **** **** ******** all ** *** ******* cameras **** **** **** or ****'*. 

*** ** *** ***** would ****** **** ****** an ******* ****** **** there *** ** **** other ***** ****** ******* out ***** **** **** proven ***********??? 

** * *** ** Arecont *** ** *** cutting **** *** * trail ****** *** **  is ************* *** ********** today. ***** ********** ** about ** **** ** Hikvision *** **** ********** go ***** ***** **** sorely ******* *** ******** their ********* **** ****.  

***** ********** ** ***** as **** ** *********

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

***** **** **** **** reputational **********, *** ****** *** much *********. ********* *** not *** *********** ******* quality ** ******** ******* issues. ********* ****** **** of ***** ********* **** well ********* *********** *********** *** social ******.

*********'* ************ ****** ** **** industry **** **** ***** scorched ***** ******* / marketing *******, ***** ******* government *********, ************* ******, etc.

****, * ***** *** make * **** ***** that ** ** * different "****" ** *** reputation **** *********'*. *'* sure *********** * ***** that ******* *** * bad ********** ** *** as *********'* *** *** not **** *** **** "kind" ** *** **********.

**** **** ***** ****, I *** ********** ****** wishing****** *** ********* **** and ** *** **** anyone ** ****** ** economic *** ***** ****-****** hardship ****** ***** **** over ********* ************ ***** ******* ***, but * *** ********** the *********** ** ***** burned ** ******* *** using ******* ********.

*********** *: *** ** the ***** ***** ****** risk ****** ** ******* camera **** ***** *** so **** ***** ***** lenses ******* *** ***** that **** ****** ***********???

* ***** **** **** it ** * ********. You ***'* *** ******* from ********, **** *** that ****** *** ** is. *** *** **** from *******, *** ******* has *********** *** * ********* ******* *** ********* for *****.

* *** ********** *** frustration ** ***** ****** by ******* *** ***** Arecont ********.

#*, ** *** *. Arecont / ******** *** to **** **** **** head-on.

** ** *******, * talked ** ** ********** at *** **** **** week *** *** ****** problems. *********, **** ********** spoked ** ******* ** Arecont's *****, ********** ****'* coverage ** *******. *** integrator **** ** **** staff ****** ******* ** criticize **** *** **** excuses. **** ** * common ******* *******.

** *****, ** * was ** ******* ******** with **** ******** *** Arecont **** *******, ** would ** **** ***********.

***'* *** **** ******* does ***.

* ** ******* *** integrators *** ***** ***** Arecont ** *** ********. The ***** ******* *** now ******** ******** *** everyone **** *** ****. I’ve **** ***** ******* out ** *** ***** and **** **** ****** looked *** *** ******** to ********’* ********* ******* even **** **** ******* properly.  ******* *** ****** been * ******** ******* to **** **** *** I’m **** ** ****’* ever *** * ****** one ** ***** *******.   

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

Pelco Sold Off, Now Independent on May 28, 2019
Pelco has been sold off by Schneider Electric, completing Schneider's terrible tenure, but giving Pelco a chance at life. IPVM spoke with...
Securadyne CEO: IPVM 'Entertaining For An Ignorant Few' on Apr 16, 2019
Securadyne's CEO Carey Boethel is unhappy with IPVM's report - Failed Integrator Rollup, Securadyne Sells to Guard Giant Allied. Indeed, he...
Nortek Security CEO Out, Company Pivoting on May 28, 2019
Nortek Security's CEO, Michael O'Neal is out, after 8 years leading the company, in what Nortek described to IPVM as them having 'pivoted strongly...
Panasonic Sells Off / Spins Out Security Business on Jun 02, 2019
Panasonic has sold off its security systems business to a private equity firm, after suffering years of challenges. The new company, which will...
Avigilon President Henderson Is Out on Jul 09, 2019
Avigilon's President and COO James Henderson is out, abruptly, after a remarkable ascension over the past 8 years, Motorola VP Jack Molloy has...
Schmode is Back, Aims To Turn Boulder AI Into Giant on Sep 16, 2019
One of the most influential and controversial executives in the past decade is back. Bryan Schmode ascended and drove the hypergrowth of Avigilon...
Acquisitions - Winners and Losers on Dec 10, 2019
Most major manufacturers have been acquired over the last decade. But which have been good deals or not? In this report, we analyze the...
Struggling Arcules Changes Chief Revenue Officer on Oct 29, 2019
Canon / Milestone spinout Arcules has struggled, now changing their Chief Revenue Officer, just a year after he came on board. The issue is not...
ADT Stock Surges - "Leading The Commercial Space" on Nov 15, 2019
Don't call it comeback... but maybe call it a commercial provider. ADT, whose stock dropped by as much as 2/3rds since IPOing in 2018, has now...
Pelco Is "Bringin Blue Back" on Dec 17, 2019
Pelco is "BRINGIN' BLUE BACK", according to Pelco's new CEO Kurt Takahashi’s presentation at the Imperial Capital Security Investor...

Most Recent Industry Reports

Every VMS Will Become a VSaaS on Feb 21, 2020
VMS is ending. Soon every VMS will be a VSaaS. Competitive dynamics will be redrawn. What does this mean? VMS Historically...
Video Surveillance 101 Course - Last Chance on Feb 20, 2020
This is the last chance to join IPVM's first Video Surveillance 101 course, designed to help those new to the industry to quickly understand the...
Vulnerability Directory For Access Credentials on Feb 20, 2020
Knowing which access credentials are insecure can be difficult to see, especially because most look and feel the same. Even insecure 125 kHz...
AI/Smart Camera Tutorial on Feb 20, 2020
Cameras with video analytics, sometimes called 'Smart' camera or 'AI' cameras, etc. are one of the most promising growth areas of video...
China Manufacturer Suffers Coronavirus Scare on Feb 20, 2020
Uniview suffered a significant health scare last week after one of its employees reported a fever and initially tested positive for coronavirus....
Cheap Camera Problems at Night on Feb 19, 2020
Cheap cameras generally have problems at night, despite the common perception that integrated IR makes cameras mostly the same, according to new...
Milestone Launches Multiple Cloud Solutions on Feb 18, 2020
Milestone is going to the cloud, becoming one of the last prominent VMSes to do so. Milestone is clearly late but how competitive do these new...
Video Surveillance Architecture 101 on Feb 18, 2020
Video surveillance can be designed and deployed in a number of ways. This 101 examines the most common options and architectures used in...
UK Stands Behind Hikvision But Controversy Continues on Feb 18, 2020
Hikvision is exhibiting at a UK government conference for law enforcement, provoking controversy from the press, politicians, and activists due to...
IronYun AI Analytics Tested on Feb 17, 2020
Taiwan startup IronYun has raised tens of millions for its "mission to be the leading Artificial Intelligence, big data video software as a service...