Avigilon Raises $69 Million for Potential Acquisitions

Author: 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.]

*** *** ******** *******, ******** ********* $** ******* ************ '******* ********* ******** *** ********* ********* ************.' ** **** need *** ****? *** ****** **** *******? ** ******* ******.

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

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

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

***** *** ***** ****** ~**% *** **** *** *** ** now ** ** *** ******* * ******* ****** *********, **** is ** ***** **** *** **** ** ***** *****. ***** $69 ******* ** *********** *** *** ************ ********, ** ** only *% ** ***** ******* *********. ** ********, ***** ****** cap *** ***** $*** ******* **** *******'** * ***** ***.

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

******** **** *** ************ **** *** **** *** *** ********* operational ****. **** ****** ~$** ******* '**** *** **** ***********' on **** ** ** */**/****. ********, **** ********* $*.* ******* in **** **** ********** ****** ** ****. ** ****, **** are ******* ******* **** *** ***** ** **.

******** *** ********* ******* ******* ** **********, *** ***** ******** is **** **** **** ********** ******** *** $*** ******* ** sales (**** *** ** $*** ******* ****** *** **** *********) and **** ******* ********* ***** **** **** ******* ***** ** the *** ******* *****. ** **** ** ******** ** ** the ******.

**** ****, **** **** ****, **** ***** ******* ** **** organically **** ****** *** *** **** *** ****** **** *** realistically ****?

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

** ******* *** **** ****** *** ** **** **** ** for ************.

******* **** ****, ************ ** ****** ***************** ******** ********, ********, ** *** ** ***** ** ******* and *** ********. **, ***, **** **** ***** **** *** willing ** ******* ***, ***, **** **** **** ** **** clear **** **** ******'*** ** ***' ******** ** ******* ** **** ** **** deal ** ********.

********* ** *** **** ******** ******. **** ** *** **** any ********* ** ***** *** (************ *********/********) **** ********* *** more ********* ** ****** ********** ******** (**** **** ******* *** more ******** ******** ********)*** **** *** ***** ****** ** ** ***** *** ****** ****(********* **** ********* ************ ** *** ****** ******* **** *********).

*******

******* ***** *** **** ***** ** **. **** **** ******* ***** ******, ***** **** (*** * ***** *********** *** *********) **** they **** ********* ********** ** **** ******* (******* ********* **** that ******** *****). ******* ***** ** ** ***** ********** **** (for *** **** ********* ******)*** **** **** **** ****** *** * **** ****, *** VCs *************** **** ****** ****** **** *****.

******** **** ********** *** ******** (******** ** ***** **** ******** to ********'* *******) *** **** ********'* ******* ********* (~** ***** to *****), * *** ******* ***** ** **** ******* ** a **** ** * ******* *********.

******* ** *******, ***** *** *** * *** ** *******. Agent ** ** ********* ***.  ********* ***** ** ***** ******* **** ************ ***** ******* **** Avigilon ***** ********* *** *** * **** *** ***** (****** it **** *** **** ** ** ******** ***** ** ** bargain ******* ****).

Who ****?

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

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

Arecont Acquisition By Costar on Jul 11, 2018
Arecont Vision acquisition by Costar Technologies has been approved by the court, concluding the bankruptcy process triggered by Arecont's...
Eastern and SavvyTech Merge, Form ENS, Targets ADI on Jul 09, 2018
ADI, ENS is coming for you. Or, at least, they hope. Two US distributors, NY based EasternCCTV and California based SavvyTech have merged, to...
Arlo IPO Filing Reveals Key Financial and Competitive Details on Jul 09, 2018
Arlo is going to IPO at a projected valuation greater than Axis. Now, Arlo has released their 175-page Form S1 Registration Statement for its...
New Top Bidder, Arecont Goes To Auction on Jul 05, 2018
$10 million cash will not be enough to buy Arecont. Though Arecont signed a purchase agreement with a turnaround specialist, a rival video...
Simplisafe Acquired At $1 Billion Valuation on Jun 29, 2018
Simplisafe, the competitor alarm monitoring companies historically most love to hate, has been acquired by a mega private equity firm for a $1...
Allegion Acquires Isonas on Jun 29, 2018
Isonas failed to 'revolutionize' access control as they regularly claimed. Now, nearly 20 years after their founding, they are being acquired by...
Pelco Is For Sale on Jun 27, 2018
Pelco is for sale, being shopped by an investment bank, IPVM has confirmed from multiple sources. The company, acquired by Schneider Electric in...
ASIS GSX Show Struggling Getting Exhibitors on Jun 26, 2018
The show formerly known as ASIS, now GSX, is less than 3 months away. And it is struggling to get exhibitors to go back to Las Vegas, just...
Buy Arecont: Top Bid $10 Million Cash on May 22, 2018
Last year, Arecont had a deal for a purchase price of $170 million (see Failed Arecont China Acquisition). This year, Arecont has a deal for a...
ADT Stock Drops 50% Since IPO on May 17, 2018
It has been a brutal 4 months for ADT. They first expected to IPO at ~$18. They IPOed at $14, dropping immediately to $12.39 And now, not even...

Most Recent Industry Reports

Amazon Ring Alarm System Tested on Jul 16, 2018
Amazon Ring is going to hurt traditional dealers, and especially ADT, new IPVM test results of Ring's Alarm system underscore. IPVM found that...
Hikvision Wins Chinese Government Forced Facial Recognition Project Across 967 Mosques on Jul 16, 2018
Hikvision has won a Chinese government tender which requires that facial recognition cameras be set up at the entrance of every single mosque...
Installing Dome Cameras Indoors Guide on Jul 16, 2018
IPVM is producing the definitive series on installing surveillance cameras. This entry covers one of the most common scenarios - installing dome...
Security Sales Course Summer 2018 on Jul 13, 2018
Based on member's interest, IPVM is offering a security sales course this summer. Register Now - IPVM Security Sales Course Summer 2018 This...
US Tariffs Hit China Video Surveillance on Jul 13, 2018
Chinese video surveillance products avoided tariffs for the first two rounds. Now, in the third round, many video surveillance products will be...
Last Chance - July 2018 IP Networking Course on Jul 12, 2018
Registration ends today, Thursday. Register now. This is the only networking course designed specifically for video surveillance...
4 Most Difficult Camera Installs (Statistics) on Jul 12, 2018
Heavy housings, cumbersome brackets, heavy ladders required, and tricky field of view requirements will cause difficulties no matter the camera...
Axis Perimeter Defender Video Analytics Tested on Jul 12, 2018
Axis 'high security' video analytics offering is Perimeter Defender, OEMed / developed with Digital Barriers. But how good is Perimeter Defender?...
Hikvision Fights Ban - Claims 'Red Scare', Hires 14 Term Ex-Congressman on Jul 11, 2018
Hikvision is fighting back against the House Bill Ban of their products. Hikvision has hired one of the biggest lobbying firms, led by a 14 term...
Arecont Acquisition By Costar on Jul 11, 2018
Arecont Vision acquisition by Costar Technologies has been approved by the court, concluding the bankruptcy process triggered by Arecont's...

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