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 ************** ****** ****** 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 *** **** *******?

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 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...
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...
UTC Really Screwed Up The Interlogix Shut Down on Sep 27, 2019
UTC has made many mistakes in security over the years, however, the shutting down of Interlogix is one of the biggest screwups in industry history....
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...
Fujifilm Expanding Into Video Surveillance on Jul 26, 2019
While Sony continues to fade out of the video surveillance market and Canon continues to make huge investments into acquiring video surveillance...
Giant Tyco Campaigns Against Startup Qumulex on Jul 25, 2019
One is a giant conglomerate that owns the world's largest security integrator. The other has no shipping products. But Tyco is campaigning...
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...
ADT Eliminating Acquired Brands, Unifying Under 'Commercial' Brand on Jun 14, 2019
ADT is eliminating the brands of the many integrators it has acquired over the past few years, including Red Hawk, Aronson Security Group (ASG),...
Vidsys New President Interviewed on May 31, 2019
A decade ago, PSIM was hot with projections then of a billion dollar market by now. This has not come close to happening. However, Vidsys, one of...
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...

Most Recent Industry Reports

ISC West 2020 Cancelled Again, Rescheduled For October 2020 on Apr 09, 2020
ISC West March 2020 was canceled. Now ISC West July 2020 has been canceled. SIA and Reed hope to run it in October 2020. This is a masterclass...
Sunell "Panda Cam" Thermal Body Temperature System Examined on Apr 09, 2020
Sunell's Panda Cam is the most visually recognizable coronavirus camera, sold by numerous OEMs around the world. But who is Sunell? This company is...
Use Access Control Logs To Constrain Coronavirus on Apr 09, 2020
Access control users have included capabilities that are not commonly used that can help zero-in and discover potential Coronavirus hotspots in a...
Cisco Acquiring Fluidmesh on Apr 09, 2020
Cisco announced it is acquiring niche wireless manufacturer Fluidmesh. Both Cisco and Fluidmesh have been offering video surveillance solutions...
Junk Debt Laden Convergint Facing Coronavirus Crisis on Apr 09, 2020
Convergint has $1+ billion in junk debt putting significant pressure on the company. While the rapid debt buildup enabled the company to go on an...
Embedded Logix Thermal Temperature Detection System Examined on Apr 08, 2020
Embedded Logix has been producing thermal temperature measurement systems for industry and fire detection for over 10 years. Now, they are entering...
Micron 1 TB SD Cards Aim To Eliminate NVRs on Apr 08, 2020
Micron has boldly proclaimed their latest 1TB microSD "eliminates the need for network video recorders", targeting the growing market of...
US DoD Declares "Can No Longer Do Business" With Contractors Using Dahua, Hikvision, Huawei on Apr 08, 2020
The US Department of Defense has confirmed to IPVM that they fully support and intend to proceed with the NDAA 'blacklist clause' covering Dahua,...
IPVM's 12th Anniversary - Thank You! on Apr 07, 2020
IPVM is proud to celebrate it's 12 anniversary expanding our commitment to providing the industry independent and objective information on video...
Mobotix Thermal Body Temperature Detection Examined on Apr 07, 2020
Mobotix has jumped into the Coronavirus temperature detection market, but how do they compare to thermal incumbents like FLIR or ICI who have been...