Avigilon Raises $69 Million for Potential Acquisitions

By: John Honovich, Published on Nov 08, 2013

Hot off doubling revenue, Avigilon has raised $69 million earmarked for 'general corporate purposes and potential strategic acquisitions.' Do they need the cash? Who should they acquire? We explore inside.

[Update: Avigilon raised $100 million more.]

*** *** ******** *******, Avigilon ********* $** ******* ************ '******* ********* ******** and ********* ********* ************.' Do **** **** *** cash? *** ****** **** acquire? ** ******* ******.

[******: ************** $*** ******* ****.]

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

Timing *** ********

***** *** ***** ****** ~25% *** **** *** and ** *** ** an *** ******* * billion ****** *********, **** is ** ***** **** for **** ** ***** money. ***** $** ******* is *********** *** *** surveillance ********, ** ** only *% ** ***** current *********. ** ********, their ****** *** *** below $*** ******* **** they***'** * ***** ***.

Cash *** ****** ***********

******** **** *** ************ need *** **** *** any ********* *********** ****. They ****** ~$** ******* 'cash *** **** ***********' on **** ** ** 9/31/2013. ********, **** ********* $4.6 ******* ** **** from ********** ****** ** 2013. ** ****, **** are ******* ******* **** nor ***** ** **.

******** *** ********* ******* ramping ** **********, *** their ******** ** **** they **** ********** ******** for $*** ******* ** sales (**** *** ** $200 ******* ****** *** rate *********) *** **** further ********* ***** **** have ******* ***** ** the *** ******* *****. So **** ** ******** to ** *** ******.

**** ****, **** **** cash, **** ***** ******* to **** *********** **** faster *** *** **** how ****** **** *** realistically ****?

Who **** ** ****** ******** *******?

** ******* *** **** likely *** ** **** cash ** *** ************.

******* **** ****, ************ ** ****** ***************** ******** ********, ********, to *** ** ***** IP ******* *** *** software. **, ***, **** have ***** **** *** willing ** ******* ***, two, **** **** **** it **** ***** **** they ******'*** ** ***' ******** to ******* ** **** of **** **** ** possible.

********* ** *** **** sensible ******. **** ** not **** *** ********* of ***** *** (************ intrusion/tripwire) **** ********* *** more ********* ** ****** enterprise ******** (**** **** cameras *** **** ******** security ********)*** **** *** ***** poised ** ** ***** *** ****** ****(********* **** ********* ************ as *** ****** ******* more *********).

*******

******* ***** *** **** sense ** **. **** have ******* ***** ******, ***** **** (*** a ***** *********** *** analytics) **** **** **** extensive ********** ** **** storage (******* ********* **** that ******** *****). ******* seems ** ** ***** reasonably **** (*** *** weak ********* ******)*** **** **** **** around *** * **** time, *** *** *************** **** ****** ****** than *****.

******** **** ********** *** RedCloud (******** ** ***** paid ******** ** ********'* revenue) *** **** ********'* massive ********* (~** ***** to *****), * *** VideoIQ ***** ** **** tempted ** * **** at * ******* *********.

******* ** *******, ***** are *** * *** of *******. ***** ** is ********* ***.  ********* ***** ** ***** players **** ************ ***** records **** ******** ***** certainly *** *** * very *** ***** (****** it **** *** **** to ** ******** ***** to ** ******* ******* here).

Who ****?

*** ** **** **** ideas ** ******** ** acquisition *******.

Comments (18)

Why not BRS Labs....... just kidding.

Could you imagine two great marketers like Avigilon and BRS joining forces?!!!

It would have to be something complimentary to pushing Enterprise higher. Like some for of PSIM maybe?

I could see a PSIM, but what independents are left? - Vidsys, CNL? There's definitely precedent - Verint and NICE, both companies will similar business models bought PSIMs. That said, I am not sure how much value they are getting out of them.

On the other hand, why not buy analytics and PSIM :)

What abot Axxon , they have analytcs and and PSIM ?

No, I think that's incredibly unlikely, because Axxon is primarily a VMS / recorder provider, so the overlap would be huge. Also, Axxon claiming they are a PSIM is a stretch.

What about Fortem, they appear to be getting some traction?

Maybe there's a Canadian connection there!

I think Fortem would be an interesting fit. Clearly complimentary to Avigilon, engineering focused/led company, and since they have not taken huge VC funding, they probably are open to a reasonable valuation. Good suggestion.

Since they seem to have both a popular VMS and line of cameras, maybe an encryption software company to provide secure, native cimmunications between the two.

Like who? That seems like a real niche, in the sense that it's a feature more than an additional product offering (like PSIM or analytics).

I couldn't say off the top of my head, but they don't necessarily have to buy an encryption technology company, they could always license it. But having native encryption technology might attract more business from IT tech savy customers who are security obsessed (rationally or not) and maybe government/military entities. Imagine if they were able to lobby to have some sort of native encryption added to bid specifications- how many competitors would they have?

In general, anything that requires support on both sides (camera and VMS) is an advantage to Avigilon (if they can get customers to buy in - like JPEG2000) because most of their main competitors do not sell end to end 'solutions' and would have to coordinate support. I suspect if they did that licensing would be simpler/easier because it's an incremental feature.

Vidsys, videoiq, network optix

Network Optix is a direct competitor to Avigilon's VMS. Why would Avigilon buy Network Optix?

You answered your question before you asked it.

So you think Avigilon is going to buy direct competitors? Makes no sense.

They need a software centric company to make it all work otgether. Plug nad play, with storage and server that can handle the load.

Don't they already have that? Avigilon cameras automatically discovered / updated / managed by Avigilon VMS (ACC). They pre-load the software on Dell boxes (as they have done for years) and it works all together, no?

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

San Francisco Face Recognition Ban And Surveillance Regulation Details Examined on May 14, 2019
San Francisco passed the legislation 8-1 today. While the face recognition 'ban' has already received significant attention over the past few...
Milestone Execs on Financials, China and Future on Apr 29, 2019
Milestone has released a 44-page annual report for 2018, an atypical and unrequired move for a subsidiary of a large company, however, Milestone...
Hikvision Admits USA Sales Falling on Apr 22, 2019
Hikvision, in a new Chinese financial filing, has admitted that its USA sales are now falling. Less than a year after the US government passed a...
ACRE Acquires RS2, Explains Acquisition Strategy on Apr 19, 2019
ACRE continues to buy, now acquiring RS2, just 5 months after buying Open Options. One is a small access control manufacturer from Texas, the...
ISC West 2019 Report on Apr 12, 2019
The IPVM team has finished at the Sands looking at what companies are offering and how they are changing their positioning. See below for 50+...
Failed Integrator Rollup, Securadyne Sells to Guard Giant Allied on Apr 10, 2019
One of the most ambitious integrator rollups of the decade has reached its conclusion—selling to a mega guard company. Allied Universal has...
Brinks Home Security / ASCMA Risks Bankruptcy on Apr 08, 2019
ASCMA, aka MONI, aka Brinks Home Security has issued a warning in their most recent financials that they risk bankruptcy. In this note, based on...
Panasonic Favorability Results 2019 on Mar 27, 2019
Panasonic favorability declined, as the company struggled to find its way amidst a changing market and its ill-timed decision to become a Dahua...
Lenel Favorability Results 2019 on Mar 26, 2019
The positive news for Lenel is that integrators do not dislike them as much as they used to.  The negative news for Lenel is that integrators...
OpenALPR Acquired By Mysterious Novume on Mar 13, 2019
Startup OpenALPR has been acquired by Novume, a company virtually unknown in the industry. While there are many LPR providers (see our directory),...

Most Recent Industry Reports

Amazon Ring Public Subsidy Program Aims To Dominate Residential Security on May 20, 2019
Amazon dominates market after market. Quitely, but increasingly, they are doing so in residential security, through a combination of significant...
LifeSafety Power NetLink Vulnerabilities And Problematic Response on May 20, 2019
'Power supplies' are not devices that many think about when considering vulnerabilities but as more and more devices go 'online', the risks for...
Facial Recognition Systems Fail Simple Liveness Detection Test on May 17, 2019
Facial recognition is being widely promoted as a solution to physical access control but we were able to simply spoof 3 systems because they had no...
Inside Look Into Scam Market Research on May 17, 2019
Scam market research has exploded over the last few years becoming the most commonly cited 'statistics' for most industries, despite there clearly...
Maglock Selection Guide on May 16, 2019
One of the most misunderstood yet valuable pieces of electrified hardware is the maglock. Few locks are stronger, but myths and confusion surround...
Panasonic 32MP Multi Imager Camera Tested (WV-X8570N) on May 16, 2019
Panasonic has released their first multi imager models including the 32MP (4x4K) WV-X8570N, claiming "Extreme image quality for evidence capturing...
Trump Signs 'Huawei Ban' - Executive Order Targeting Foreign Adversary Technology on May 16, 2019
US President Donald Trump has signed an executive order targeting technology provided by 'foreign adversaries', in what is widely being called a...
Bank Security Manager Interview on May 15, 2019
Bank security contends with many significant threats - from fraudsters to robbers and more. In this interview, IPVM spoke with bank security...
Milestone XProtect 2019 R1 Tested on May 15, 2019
For the past few years, Milestone has released quarterly software updates XProtect VMS platform. What is new and how much impact do the updates...
San Francisco Face Recognition Ban And Surveillance Regulation Details Examined on May 14, 2019
San Francisco passed the legislation 8-1 today. While the face recognition 'ban' has already received significant attention over the past few...

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