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)

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

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

Read this IPVM report for free.

This article is part of IPVM's 6,596 reports, 889 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

Costar Technologies / Arecont H1 2020 Financials Examined on Sep 16, 2020
Costar's financial results have been hit by the coronavirus with the company...
Ban Rules Released: Use Dahua or Hikvision, No US Government Contracts on Jul 13, 2020
The US government has released the rules implementing the "Prohibition on...
Wyze Fails To Deliver Own On-Board Analytics, Launches Novel Name Your Own Price Service on Jul 24, 2020
While Wyze failed to deliver their own onboard analytics to replace the...
Huawei HiSilicon Shortage Impacts Surveillance Manufacturers on Aug 14, 2020
Huawei acknowledged problems and challenges for its HiSilicon chip business,...
70+ Security Industry Companies Take $50 Million PPP Funding on Jul 15, 2020
70+ security industry companies have taken more than $40 million in PPP...
Panasonic Presents i-PRO Cameras and Video Analytics on Oct 19, 2020
Panasonic i-PRO presented its X-Series cameras and AI video analytics at the...
Motorola Solutions Sells Avigilon Products To North Carolina Utility on Jul 16, 2020
Just 2 years after Motorola acquired Avigilon, concerns are growing among...
Chile Cancels 1,000 Camera Hikvision Project on Oct 12, 2020
Six months ago, Chile awarded a 1,000-camera project using Hikvision. The...
Dahua Revenue Grows But Profits Down, Cause Unclear on Oct 20, 2020
While Dahua's overall revenue was up more than 12% in Q3 2020, a significant...
ISC Brasil Digital Experience 2020 Report on Oct 23, 2020
ISC Brasil 2020 rebranded itself to ISC Digital Experience and, like its...
Longse Promoting Hikvision Partner Fullhan Chip Based Cameras on Oct 14, 2020
With Huawei HiSilicon production being shut down at TSMC, camera...
FLIR Moves To Dismiss X.Labs Lawsuit on Oct 05, 2020
FLIR has filed a motion to dismiss the lawsuit X.Labs filed against it,...
Sunell is The First China Manufacturer to Market NDAA Compliance on Jul 30, 2020
Most China manufacturers are going to be impacted by the NDAA 'Blacklist...
Huawei HiSilicon Production Shut Down on Sep 17, 2020
Huawei HiSilicon chips are no longer being manufactured or supplied to...
Remove Dahua and Hikvision Equipment "Immediately" Or Else Banned From US Government Contracts on Jul 10, 2020
The US government has directed contractors to remove covered equipment, such...

Recent Reports

Consultants Online Show LIVE Today! on Oct 27, 2020
IPVM's 7th online show will feature 20+ consultants and recruiters presenting...
Eagle Eye Networks Raises $40 Million on Oct 27, 2020
Eagle Eye has raised $40 million aiming to "reinvent video...
Hikvision Q3 2020 Global Revenue Rises, US Revenue Falls on Oct 27, 2020
While Hikvision's global revenue rises driven by domestic recovery, its US...
VICE Investigates Verkada's Harassing "RawVerkadawgz" on Oct 26, 2020
This month, IPVM investigated Verkada's sexism, discrimination, and cultural...
Six Flags' FDA Violating Outdoor Dahua Fever Cameras on Oct 26, 2020
As Six Flags scrambled to reopen parks amid plummeting revenues caused by the...
ISC Brasil Digital Experience 2020 Report on Oct 23, 2020
ISC Brasil 2020 rebranded itself to ISC Digital Experience and, like its...
Top Video Surveillance Service Call Problems 2020 on Oct 23, 2020
3 primary and 4 secondary issues stood out as causing the most problems when...
GDPR Impact On Temperature / Fever Screening Explained on Oct 22, 2020
What impact does GDPR have on temperature screening? Do you risk a GDPR fine...
Security And Safety Things (S&ST) Tested on Oct 22, 2020
S&ST, a Bosch spinout, is spending tens of millions of dollars aiming to...
Nokia Fever Screening Claims To "Advance Fight Against COVID-19" on Oct 22, 2020
First IBM, then briefly Clorox, and now Nokia becomes the latest Fortune 500...
Deceptive Meridian Temperature Tablets Endanger Public Safety on Oct 21, 2020
IPVM's testing of and investigation into Meridian Kiosk's temperature...
Honeywell 30 Series and Vivotek NVRs Tested on Oct 21, 2020
The NDAA ban has driven many users to look for low-cost NVRs not made by...
Ubiquiti Access Control Tested on Oct 21, 2020
Ubiquiti has become one of the most widely used wireless and switch providers...
Avigilon Aggressive Trade-In Program Takes Aim At Competitors on Oct 20, 2020
Avigilon has launched one of the most aggressive trade-in programs the video...
Mexico Video Surveillance Market Overview 2020 on Oct 20, 2020
Despite being neighbors, there are key differences between the U.S. and...