Arecont Costar Layoffs

By John Honovich, Published on Jan 14, 2019

Arecont Vision, a Costar Company, has laid off more than 10% of their workforce in a move the company described to IPVM as a result of "important changes to better leverage the resources of our corporate parent".

In this note, we share Arecont / Costar's feedback to IPVM and analyze the outlook of the company, now a half year after they acquired Arecont and just weeks after Arecont's President resigned.

Statement ********

******* ****** ****** ********* that ** ********* **** 'reduced', **** **** **% of ***** ~*** ********* and ******** *** ********* statement ** *** ****, in ******** ** ****'* inquiry:

******* ****** ****** ******* 2019 ************** ****** ****** has **** ***** ******* since ** ******** *** company ** **** ** a *** ******** **** of ****** ************, ***. With ** ********* ***** on ********* ********* ******** service, ** **** *********** new *********, *****-******* *** teams, *** ******* * new ********-******* ******* ***** has ******* ******** *** responsiveness *** ******** ************. We *** *** ******** customer’s ******** ************ ** 24 *****, ** **** cases *** **** ***.** the **** *****, ** will ** ********* * new ******** ****** **** provides * ******, ******* tool *** *** ********* and *** ***** ** obtain ** *** *** technical *******. *** *** customer ****** ******** ** online ********* ****, ** improved ********* ******, *** advanced **** *******. **** follows *** ****** ** an ******* ******* ****** last ******* **** ******** improved ****** *** ********** resources ** *** ******* integrator *** ******** ****** sales ********.**** ***********, ** have ***** ********** ********* staff *** ****** *** support *** *********** *********** that ***** ** ********** our ******* ***********. ***** we *** ******* ** provide **-**** **** ****** on ******** ************, *** improved ******* *****, ** are ******* ** ******** the ********** ** *******-******* issues.This **** ****, *** company *********** ********* ******* to ****** ******** *** resources ** *** ********* parent, ******, ******* ************* of ******* *** *********. As * ******, * number ** ********* ** our **** ****** *********, and ** **** *** necessary ********** ** ***** in ***** *****. ***** always ******* ** ********* staff ****, *** ******* achieved, *** *** *** efficiencies ********* ******* ************* will ***** *** ********* improvements ** ****** ******* the ***** ** *** customers, ***** *** ********* strategic ******, *** ****** further ********** ** *** product ***********, *******, *** product *******.***** ************ *********** Officer & ******* *******, Arecont ****** ******

** **********, * ***** employees *** * ***** engineer **** ********, ******** Arecont's ******* ***** / field ********. *** ******* did **** **** ** engineering ********* **** *** and **** **** **** more ***** ***** **** engineering.

ISC **** ****

*** ******* **** ********* that **** **** **** a ****** *** **** booth *** ****** *** its * ************, ********* Arecont. **** **** **** Arecont's ******* ***** **** and ********, ***** ***** from*** **** ***** ****:

Outlook **********

**** *** ********* *********** for *******. * ******* going **** *** ****** out ** ********** **** inherently **** ***** ********* as **** ********* *** partners ***** ***** *** future ** *** ******* and *** ******** ** buying ***** ********. ***, with **** **** ********* and ****** ********* **** Calderon's ****** ********* ******** shortly ********** ** * layoff, ******* **** ******* need ** ******** ******** and ********* **** **** have *** ********* *** will ** **** ****** around.

***** **** ************ ** synergies *** **************, ** will ** ********* **** Costar ************ *** ********** and ******* ** ***** rebuilding ***** ** ******* after * ********* ****.

Comments (2)

Undisclosed Integrator #1

01/14/19 02:39pm

* **** **'* ***** been * ****** ***** time, *** *** ****** experienced ** ***** ******** about *** ******* ** at ***** *** ******* service **** *******? *** how **** ** *** think ** *** ******* are ***** ** ****** to ******* ** ******** should ** *** ****?

Undisclosed #2

01/14/19 04:18pm

*** **** ****** **** office ************* **** **** low ********** ***** ****** axed *** **** *******?

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