Avigilon Admits Contacting 70 Bidders

Author: John Honovich, Published on Mar 01, 2018

A new Avigilon financial disclosure shows that Avigilon, via its banker, had contacted 70 bidders in a formal 'sales process' conducted in late 2016 and early 2017, confirming IPVM's report of Avigilon acquisition negotiations during that time.

In this note, we examine this financial disclosure, what this means for Avigilon and what industry participants can learn from this process.

* *** ******** ********* ********** ***** **** ********, *** *** banker, *** ********* ** ******* ** * ****** '***** *******' conducted ** **** **** *** ***** ****, **************'* ****** ** ******** *********** ************ ****** **** ****.

** **** ****, ** ******* **** ********* **********, **** **** means *** ******** *** **** ******** ************ *** ***** **** this *******.

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

Bidding ******* **** ** ** ** ** * ** ****

******-**** ******** '**** ** ***********'******** *** **** **** ******** *** *** *** ***** ******** Motorola. *** ***/*** ** **** ***** *********** ** *******, ****** meetings **** **, *********** **** *, * **** ***** *** be ******* **** ***, ** *** ********** ***** ****:

From **** ** ********

***** ** **** ***** ** ******* ** *** ******* ***** process, ***** ** ** ****, ******** ********** ******** ** *** screencap ***** *****:

From ***** *** ** *** **** ** $** ***** ***********

*** ******* ** **** ********** *** ******* *** **** ******** was ** * *****-**** *** ** *** ***** ** *** October **** ***** *******, **** **** ******** *** ***** ***** when ******** ******* *** ** ******** ** ******* ****. *** stock ***** ****** ***** *********** ****:

**** ******* ***** ** *** ******** *********** (** **** ** common *****), ******** *** ******* *** * **** ****** ******** price **** *** **** *** ** $* *** *****. **** likely *********** ** ** **** ***** *********** ** ***** ****. In *** ********, ******** ************ ******* *****, *********** ******** ***** headcount, ********* ******** *******. **** ******* ****** ***** *** ******* a ****** *********** *****.

** *** ***** ****, ******** *** ******** ** $* **** per ***** **** ***** **** ****, * ***** ***, ******* some ********* ** ** *********** ** ****** *** ****.

Lessons - ** *** ******* **** ***********

*** ** *** ******** ******* ********* ********* ** *** **** / **** **** ***** *** **** **** **** *** ******* their *********** *** **** ***** *********** ***** **** **** ** a **** *** *********. *********, ***.

** ** *****, **** ** *** * ********* ** ******* salespeople. ***, ******** ** * ******** ****** ******* ** ************* such ***-****** *********** ***** ****** ***** ***** ****. ********, **** if **** **** *** ******, *********** *********** *** ******* **** the **** *** ***** ** ** ******* *********** *** *********.

Lesson - ***** ***** **** ****

**** **** ******** ********* ******* ** ********** * **** **** almost * **** *** * ****. ******* * *****-******* ******* dollar ******* ***** ****, ********** ****** ** **** ** **** as ********.

********* ***** ** * ******** ** ***** ***** ****** ***** away, *** ******** ***** ** * **** ****** ****** *** scenes.

Lesson - **** *** ******* *****

**** ********* ****** **** ********** ****** ** ********** ******* *****, and ******** *** ********* ***** ** *** **** **** * year (*.*.,******** ****** ******** ** ********** ************* (** **** *******),******** **** ***** ******** ****,******** *** *** ***** ********* *******), **** ** ***** * ****** ** * ******* ********* itself *** ****.

******* *****, *** ****** *****, *** ********** ** *** ***** term, ********* *******. ******* *** **** ** ******* ****** **********, as **** ******* *****:

******* ********'* **** - **** **** ******* ** *********** ** good **** **** ******** ** ********* ******** *** ***** ** no ***** ***** ***** ****** ******** *** ***** ***** *** drive * ****** ********* ****.

Update - ********* ** *** ***** *** ***** **** *******

*** ****** ******** ** ********** **** ** ***** ** * March **** ******* ** **** ** *** **** *** *** board ****** **** **** / ******** **% ** *** ******. They **** ** **** **** **** *** ****** ***** ** approve *** ****.

** **** ******* *** *** *****, ** ***** ** ******** they ***** ******** **** *******, ***** *** ********* *********** ********. But ********** *** ** ** ** ** * ** **** to ******** **** ****** **** **** ************ ** **** ********* this ** *** **** **** **** *** ***** ** ***.

Comments (29)

** * ******* ****, ** *******, **** ***** * ****** come *** *** *** "****** * ***** ** * ********** in *** **** **** *** *** **** *** **** ***** confirming *" ******* **** ** ******* ******** *** ****, ***. But * **** *** '*******' ** ***** **** ********. **** I ** *** ****, * ********* **** ** ** ** I ** **** ********* **** *** ****** *** ****** ********* of *** ****** *** * ****** *** ****** ** ****** likely ** ** ********. *** * ********* *** ** ***** but * ** ********* ******* *********** **** **** ** ** management.

** **** ** *******. *** *********** **** **** ****** ** not * ******** ***** ******** ** *** ***** ****.

***** *** * *** ** ***** ****** *** **** ** this ***.

***** *****. ***** *******. * *** ***, ** *** ******** to ****** ** ************ *** ****. **** ** *** **** work.

*** ***** ***** ** ******* ***** ** *** *** ** clear *** **** *** ********** **** ***.

*** ****** ** ***** ** * ***** **** ******* ** vote ** *** **** *** *** ***** ****** **** **** / ******** **% ** *** ******. **** **** ** **** sure **** *** ****** ***** ** ******* *** ****.

** **** ******* *** *** *****, ** ***** ** ******** they ***** ******** **** *******, ***** *** ********* *********** ********. But ********** *** ** ** ** ** * ** **** to ******** **** ****** **** **** ************ ** **** ********* this ** *** **** **** **** *** ***** ** ***.

********* ******* ** ********'* *******'* **********:

** $*.* ******* *** **** ******* **** $*,*** *** **** day ** ********** ******** **** ******. *-**** ***-******* *** ***-************.

***, **** ****** **** ***** *** ** ***** ******* "*** Fleecing ** *******", ******** * *** ** * *** ******* is **** ******* *** *******.

#*, ********* ** *** ******. ** ******* *** ******* ***** is ********* *** **** ******* **** *** ******* ******* *** company *** *** **** **** **** ** ******** ********** ** what ******* ** *** *******.

*** ** ********* ****, ** *** ** ********* **** **** other ****** **** ******* ** *********, *** *** **** *** he ***** *** ******** *** ********* **** * *** ****** than *** ***** ** ********** *** ******* ******.

** *** *** ***-**** $*.* ******* *******, * ***'* ******* understand **** **** ** ***, ** * ****** ***** ** its ******** ** ***************.

***'** *****, ********* **'* * ****** ** ***********. ** ** far **** *** ***** **'** **** ** *** ****. ** least ** *** *** ***** ** * ********** *******.

** **** **** ******* **** *** ******** ***** *** *** our **** ***** ******* ****** **** * *** *** ***** system ******. ** **** **** ***** ** *** ****** *** the ****** ***** ******* *********** ******** **** ** ******* *** system, *** **** *** *** ***** ***** ********** ** ***** America. *'* ******* ********* ** *****. * ***'* ***** *** time ******.

** **** *** ******* ************ **** *** ***** *** ***** was ******** ********* *** ** **** **** *** ***** ********** in ** ** *** ** ** ****. * ** ********** to ****** **********. ** ** * ******* ** *** **** much ********** **** ****** **** ******** *** **'** ******** *** have ******* ***** ************* ** **** ** ********* *******.

** ************ **** ****** ****** ** **** ** * ******** to **** ******* *** ********** ** ** **** ******* **** our ****** ** ******** *** *** ***** ***** ** *** art ***** *** ****** ******* **** ******* ********. **** ** worth *** **********.

** ************ **** ****** ****** ** **** ** * ******** to **** ******* *** ********** ** ** **** ******* **** our ****** ** ******** *** *** ***** ***** ** *** art ***** *** ****** ******* **** ******* ********. **** ** worth *** **********.

*** ** ****** *** **** *** **** ********** ****** ** your ****** * ******?

** **** **** ** **** ********** ****** ** **** ** my ********* ***'* ******* * ** ** ****.

** ********* **** * ** ****. * ** *** ***** manager. * ** ***** *** ********* ******** **** ** **** us ******* ** *** ***** *** ********** *********. * ** undisclosed *** ***** ******* ********* ***********, *** *** *****, *** is ** **** *** ***** ** ** ***** ****** ***** and ******** ** **** ** *******!

*** ** *** ******** ******* ********* ********* ** *** **** / **** **** ***** *** **** **** **** *** ******* their *********** *** **** ***** *********** ***** **** **** ** a **** *** *********. *********, ***.

*** ******* **** ******** ***** **** **** ** **** **** asked **********...

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

* ***'* ***** ***** ** **** ******. **** ***** **** denied *** *********** ** *** *****. ***** **** **** ***** not **** * ***** ***** ******** ********** ****, **** ***** not **** **** ***** ******.

**** ***** **** ****** *** *********** ** *** *****. ***** that **** ***** *** **** * ***** ***** ******** ********** them, **** ***** *** **** **** ***** ******.

*** ******** **** ***** **** **** ******* **** ************ **** occurring. *** ********** **** **** ** *** * ****** '***** process' *** *** **** ****** ********** ** ******* ********.

*** ******** **** ***** **** **** ******* **** ************ **** occurring.

****’* ***** *** ***-****** ****** *** ****** **** *** ***** ;)

** *** ***** ** ******* *******, ***** ******* ***** ******* ones ******* ** * ********** **** ******** ** ****, *****:

*)********* ** ** ***** ******** ****** *** *******

*)** *** **** ***** ****, ********* ** *** ***** ******* of ***’*

*)** ** ********, *** ******, **...

*** *****/**** ** ******** ***** ****** *** **** *********? * for *** ***** **** ****'* **** ***** **** **** *** announcement *** **** ** ********.

** ****** ******** ***** ****** *** ** **** ** *** transaction. ****’* ** “ *** **** *** ** *** **** team *** *** **** **** ** ****”.

**** ***** ** *** *** *** ****** *** ********. *** company *** * ****** ******* ** ******* *********** *****************, *** in ******* **** *** ***** * *** **** *** ***** team **** ***** ** *** **** ***** ********* *********.

* ** ******* **** ** *** ************* ******** **** * transaction **** ** ******** ** ********* ******* **, *** ********* who *** *** ** * "**** ** **** *****" ***'* know. *** ** **********.

*** ** **********.

**** ****** **** ********* ;)

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

***, ********* *** ******** **** **** *** *** **** *** 'Project ******' ** *** ***** ** *** ****** *** * second ********* *********:

*********** *** **** ********* ** ******* *** ***** ***** *** trim **** *********** ***** ** **** ** **** ******, ********* Blue **** ***** **** **** **** ***********.

*'* ******* *** *** ***** * **** ****** **** **** in.

* ** *** ******* ** ****. * ** ******** * number ** *** ***** ******** ************* **** ** *** ***** of ** *** *** **** *** *** ***** * ****.

** *****, * *** ******** **** *** * ***** ***** how **** *********** ******** ******** ** **** ** ** ** bid ************.

**** *****, ***** ******* **** **** **** ******** **** *** acquisition *******.

** *****, * *** ******** **** *** * ***** ***** how **** *********** ******** ******** ** **** ** ** ** bid ************.

** ***, ****** ******* * *** *** ***** ***** ***** possibly ** ** ******** ******* **** ** **** ** ******* the *******. **** ** ***** ** **** **** ****** **** scraping *** ****** ** *** ******. * ****** **** ****** bid?

**** ** ***** ** **** **** ****** **** ******** *** bottom ** *** ******. * ****** **** ****** ***?

****. * **** *** *** ****** *** * ******* ** was *** ********. ****** ******* ******** ******* *** ** **** of **** ********* **** ** *** **** **** *** ***** bite - ******, ***, ******, ********, *******, ****** *******, ***** :) ***....

...**, ****, ******* *****...

****** ******* ******** ******* *** ** **** ** **** ********* just ** *** **** **** *** ***** **** - ******, IBM, ******, ********, *******, ****** *******, *****...

*****: ** **** ** ** “***-**-***” ************ *******? *****...

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

Avigilon Favorability Results 2019 on Jan 15, 2019
Since IPVM's 2017 Avigilon favorability results, the company was acquired by Motorola and has shifted from being an aggressive startup to a more...
Gorilla Technology AI Provider, Raises $15 Million, Profiled on Jan 15, 2019
Gorilla Technology is a Taiwanese video analytics manufacturer that recently announced a $15 million investment from SBI Group, saying this...
Arecont Costar Layoffs 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...
Motorola Acquires VaaS / Vigilant LPR on Jan 08, 2019
Less than a year after Motorola Solutions spent a billion to acquire Avigilon, the company has made another major acquisition spending nearly a...
CyberExtruder Face Recognition Profile on Jan 04, 2019
CyberExtruder offers 3D modeling face recognition software that they say provides quicker and more accurate matches than other 2D face recognition...
OnSSI Co-Founders Are Out on Jan 04, 2019
OnSSI's co-founders, Gadi Piran and Mulli Diamant, are out of the company just a week after they were acquired by Qognify. This breaks the common...
Last Chance - Security Sales Course 2019 on Jan 03, 2019
This is last chance to register for the IPVM sales course: This sales course is customized for the needs and challenges specific to...
European Startup Ajax Profile - They "Stand Against Evil" on Jan 03, 2019
European intrusion detection startup Ajax Systems proclaims: How are they standing against evil? And what are the differentiators and potential...
DirectView Aims To Be A Video Surveillance Power Like Tyco on Jan 02, 2019
DirectView is a publicly traded US company that tells IPVM that it has ambitions to be the next ADI, Anixter, or even Tyco. In this note, we share...
The Battle For The VSaaS Market Begins 2019 - Alarm.com, Arcules, Eagle Eye, OpenEye, Qumulex, Verkada, More on Jan 02, 2019
2019 will be the year that VSaaS finally becomes a real factor for professional video surveillance. While Video Surveillance as a Service (VSaaS)...

Most Recent Industry Reports

Access Control Records Maintenance Guide on Jan 16, 2019
Weeding out old entries, turning off unused credentials, and updating who carries which credentials is as important as to maintaining security as...
UK Fines Security Firms For Illegal Direct Marketing on Jan 16, 2019
Two UK security firms have paid over $200,000 in fines for illegally making hundreds of thousands of calls to people registered on a government...
Access Control Cabling Tutorial on Jan 15, 2019
Access Control is only as reliable as its cables. While this aspect lacks the sexiness of other components, it remains a vital part of every...
Avigilon Favorability Results 2019 on Jan 15, 2019
Since IPVM's 2017 Avigilon favorability results, the company was acquired by Motorola and has shifted from being an aggressive startup to a more...
Gorilla Technology AI Provider, Raises $15 Million, Profiled on Jan 15, 2019
Gorilla Technology is a Taiwanese video analytics manufacturer that recently announced a $15 million investment from SBI Group, saying this...
2019 IP Networking Book Released on Jan 14, 2019
The new IP Networking Book 2019 is a 285 page in-depth guide that teaches you how IT and telecom technologies impact modern security...
Arecont Costar Layoffs 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...
The False SCMP Story on Hikvision NYC AI on Jan 14, 2019
In the past week, one of Asia's largest publications, the South China Morning Post (SCMP), posted an article about "Chinese [facial recognition]...
WDR Tutorial on Jan 11, 2019
Understanding wide dynamic range (WDR) is critical to capturing high quality images in demanding conditions. However, with no real standards, any...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact