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.

******* ******, * ****** Company, *** **** *** more **** **% ** their ********* ** * move *** ******* ********* to **** ** * result ** "********* ******* to ****** ******** *** resources ** *** ********* parent".

** **** ****, ** share ******* / ******'* feedback ** **** *** analyze *** ******* ** the *******, *** * half **** ***** **** acquired ******* *** **** weeks ************'* ********* ********.

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

Statement ********

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

******* ****** ****** ******* 2019 *******

******* ****** ****** *** made ***** ******* ***** we ******** *** ******* in **** ** * new ******** **** ** Costar ************, ***. **** an ********* ***** ** providing ********* ******** *******, we **** *********** *** processes, *****-******* *** *****, and ******* * *** customer-focused ******* ***** *** already ******** *** ************** for ******** ************. ** are *** ******** ********’* advanced ************ ** ** hours, ** **** ***** the **** ***.

** *** **** *****, we **** ** ********* a *** ******** ****** that ******** * ******, unified **** *** *** customers *** *** ***** to ****** ** *** and ********* *******. *** new ******** ****** ******** an ****** ********* ****, an ******** ********* ******, and ******** **** *******. This ******* *** ****** of ** ******* ******* portal **** ******* **** provides ******** ****** *** additional ********* ** *** systems ********** *** ******** dealer ***** ********.

**** ***********, ** **** added ********** ********* ***** and ****** *** ******* and *********** *********** **** focus ** ********** *** product ***********. ***** ** are ******* ** ******* 24-hour **** ****** ** advanced ************, *** ******** support *****, ** *** working ** ******** *** occurrence ** *******-******* ******.

**** **** ****, *** company *********** ********* ******* to ****** ******** *** resources ** *** ********* parent, ******, ******* ************* of ******* *** *********. As * ******, * number ** ********* ** our **** ****** *********, and ** **** *** necessary ********** ** ***** in ***** *****. ***** always ******* ** ********* staff ****, *** ******* achieved, *** *** *** efficiencies ********* ******* ************* will ***** *** ********* improvements ** ****** ******* the ***** ** *** customers, ***** *** ********* strategic ******, *** ****** further ********** ** *** product ***********, *******, *** product *******.

***** *******
***** *********** ******* & General *******,
******* ****** ******

** **********, * ***** 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 06:39am

* **** **'* ***** **** * ****** ***** ****, *** has ****** *********** ** ***** ******** ***** *** ******* ** at ***** *** ******* ******* **** *******? *** *** **** do *** ***** ** *** ******* *** ***** ** ****** to ******* ** ******** ****** ** *** ****?

Undisclosed #2

01/14/19 08:18am

*** **** ****** **** ****** ************* **** **** *** ********** sales ****** **** *** **** *******?

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