Convergint Aims For $10 Billion Annual Revenue
No security integrator has ever gotten close to doing $10 billion in annual revenue, but that is what Convergint aims to do.
The company, which last week announced hiring a former publicly traded company CEO, is aiming for an unprecedented level.
This report examines Convergint's growth rate over the past decade, current revenue, growth plans, opportunities, and challenges to reaching $10 billion.
Executive *******
********** ****** ******* ***** $** ******* ******* ****** ******* in * *****, **** ******* ***** ** *** company ********** ** **** ** *** next ***** ****.
** *** *** ****, ********** *** already ******* ** ************* **** **** most **** ********* ***** ** ******** by *** ******** **********, ***** ************ of ***** ***** ** ******* **********. As ****, ** ***** ** ********* to ******** ***** ********* *** ***** on ******** **** *****.
** *** ***** ****, $** ******* is * ******* ****** *** *** security *********** ******. ********* ** *** one ******* *** ****** *** **** countries *** ********, $** ******* ***** reasonably ** *** ******** ** *** entire ******. *** *** *** ******* get **** ***?
********** **** **** ** *********** **** it *** ****** **** ** ********* of ********* (**** *** ******* ** ~10,000) *** ****** **** *** ******** focus **** *** ****. ** ** becomes * ************* *****, ** ***** provide ***** ******* *** ********* *******.
*******, *** ******* *** * ****-********* playbook *** ********* *** ********* ***********. Plus, ***** ****** ***** ******* ******* resources *** ******* *** **** ********* (though ** **** **** ****** *** suffered *********** ***** ********, ** **** security ********* **** **** *** **** five *****, **** ***** ** * significant ****).
Growth **** *** ***********
*** ***** ***** ***** **********'* ****** rate **** *** **** ****** (******* 2023) *** *** *********** *** **** if **** ******* $** ******* ** 2030:
********** **** ** ******* ** ~**% per **** *** *** **** ****** and ***** **** ** ******* ******** that *** *** **** ** **** decade ** *** ** $** *******.
*** ******** *********** ****** ************ *** grown (**** *******) **% *** ****, though *********, ********** *** ******** ****** of *********** ****** *** ***** ** supercharge ***** ******.
Adding $*.* ******* *******
****** $*.* ******* ** ****** ******* is ***********.
****** ********** *** **** *********** **% per **** *** *** **** ** the ******, **** ** ************, *** they ***** ******* ***** $* ******* annual *******. **** ******* ****** ***** not ** ****, ***** ** ** coming *** **** * ********** ***** base. *** **** ******** **** ********** would ***** **** ** ******* ********* doing ******** ******** ** *******.
*************, ** ********** ***** *** *** Commercial / ******,******, *********, *******, ***., **** ***** acquire ****** ******* ** **** ***** goals, *** **** ** *********** ******** they ******* *** ***** ******* ****** (or ********** ******* ** ****).
Outcomes *** **********
************, ***** ****** ***** ******** ***** when ********* *** ** ***** ************* levels ** *****:
- **** **** ********: ********** ******* ***** its ******* *** ********* **** **** it *** *****, **** **** *********** economies ** *****, ** **** *** users *** ************* **** ********** ** be ************ ********, ** ********** ******* such * ***** **** ** *** market. ** **** ********, **** ****** be **** ** ******** ****** ******* versus *** ****** *************.
- ******* **** ********: **** ********, **** companies ***** **** ****** ** *****, they **** ***** ******** ********* (** Convergint's ****, *******), *** ******* **** become ** ***, **** *** ******** their ****** ****** *** ** *** expense ** ******** *** ******** ******** that ***** *** ******* **** ** the **** **** (*.*., ***).
- ***** **** ********: *** ********** ** managing **** * ******** ********* ***** ruin **********'* *******, *** *** ********* operational ******** ***** ***** **********'* ****** margins ** ******* ** ******* *********** can ***-******* **** ** ***** ******.
** ** **** ** ** **** definitive ******* ****** **** ***** ********** takes ** ******* *** *** *********** respond.
Ambition *****
**********'* ******** ** *****. *** *********, at **** *****, ** ****, ****** content **, ** *****, *********** ** growing ** ** **** ***** *** growth ** *** ******* *******. ******* Convergint ******* ***** ** *****, ********** is ******* ********* **** **** *** to ** ******* ** **** **** ambitious **** **** **** **** **** the **** ******.
Debt ****
***** ********** ******** *** ******* ******* levels, *** ******* **** *** ******** discuss *** ********* **** **** ****** are ** *** ******. ** *** next ******, ** ******* **********'* **********, including *** **** ****** **** *** challenge *** *******.
#*, **** ********! *** ******, ** refers ** ****** *** *******; ***** is **** *********** ********* ** **********'* *******:
** *** **** *********:
*** ****** ******** **'***'?...
****'* *** *****, ** *** *****? That's *** * ** *'* ***** of?
* ***** ***** *** ****** **** questions. **'** ********* ******** *** **** balance ***** * ******* ****** ****** gorilla **** "******** *****" *** "*** and ******** ** * ***** *****". Curious ** **** ****** ********.
********** ** ** ***** *** *********. This ** ******** ***** **** * new *** **** *****'* ***** ********** the ******** ** *********. ** **** sniff **** ** ***** **** ************* of ******* ******* ** *** *** which ****'* *** **** ** *** currently ******* ** ***** *** ************* plays ** ******** ** ******** * full */* ********** ***** **** *** rest ** *** ** ******* ********** doesn't ** (** ***.) ** *** the ******.
* ***** **** *** ********** ****** you *****. ******.
*******, **** ** *** **** *** new ***, ** *** **** ******* to ** *** ******** *** ** the ***** ** ****:
**********, **** **** * **** ******** plan **** *** *** *******. ***** they **** ******* ** ********* *** and * **** ***, **'** ***.
*** ******** **** **** **** ** to **** ****** ** *** ******* by ******** * ***** *** ******* story ** **** *** ************ ** the **** ** **** ** ***** the ******.
******** ***** *** ***** **** ****** revenues *** ********* ***** ** ******* a ********** ** * ****** ** years ** * ******** ** *** goalposts.
**** ** *** * ***** **** might **** ** *** ***** ******* - ***** **** **/** *** ****** up **** ** ***** ******* *** they ****/*** ***** *** *** ******** security *******. ********* **** *** * pretty ***** **** ***** - **** be *********** ** ******.
***** **** **/** *** ****** ** some ** ***** ******* *** **** were/are ***** *** *** ******** ******** players
**** ***** **** ** *** ******* side. ** **** ** *********** ** see, ** **** **** **** ********, how **** **** *** ****** ***** adjacent *** ********* *******.
***** **** ***'* ****** ****** ** the ******** ******** ** **** *** goal **** ******* *&*. **** ******** they ******** ** *** ********** *** AV **** ** *** **** ** consolidate ******* ** *** ** ***** I **** ***'* *** ** ********* to *** ****. *** ***** ******* dollar **** ***** **** ***'* ** able ** ********** **** ***** ******** and ******** ****. **** ** **** nonsense ***** ** **** *** ***** so **** *** **** *** ****.
**** ***** **** **** *** ********** fire ********* **** ****, ***, ******, Koorson, *** ***** ***** ******** ********* that *** ******* ** **** *********/**********/***********. Many ** ***** ********* *** ****** security ** ***** ********* *** ****** that ** ***** ******** ******** **** which ** ******* **********. ********, **** and *********** ******* *** ******** ***** security ** ** ****** *** ***** optional.
**** *** ******** ****** ***********:*********** ******** ******* ****** ***** *** Statistics - ****.
*** ******* ********** **** *** **** decade ** **** *** ******** ** set *** ******** ******. *** ******* is **** *** **** ** *** players *** ************* ***** ** **** report. ********** **** *** *********** * thing? (***?) ** ***** *******, **** if *** **** ** ******** */*** of ** ****** ********, ********, *** and *** **** **** *****? *'* not ******** **** **** * *******, based ******** ** ********** *******, **** most ****** ***** **** **, *** have ****** ** ******* ** ** good *******, ********, ******* *** ******** people, **** *******? ** ** *****, the ******* * **** **** *** inner ******** ** ********** *** ******* my **** ***** * ***** *******, I **** ** ****** ** ******* that **** ***'* ** ********** ** their *****. * **** ****** ** we **** ** ** ** ** industry ********* ** ***, ***** ***? RFP's *** ***** *********** ********* **** be * **** ***** ** *** lowest **** ****** ****** ***. "******** Lives" *** "*** *** ******** ** a ***** *****" **** *** *** of *** **** ***** ***....************ **** results ($$$), *** **** ***** ** a *****. ** *** '**!
**** *** ******** ****** ***********: *********** Security ******* ****** ***** *** ********** - ****. *** ******* ********** **** the **** ****** ** **** *** industry ** *** *** ******** ******.
***** ***** ** ****** ******** ******* are *** ** ** *******. ** covered **** ******* ***** *** -****** **** ****** '********'
**'* *********** *** *** ****** **** Google *********** ******** **** ***, ** your ***** ***** *** *** **** of *******, *** ****** **** ***'* make **** ***** ** **** *** author ** **** ****** ***** **** little ***** **** ****** ****** (***** is ** ** ******** ***** **** write **** ******* *** *** ***** of **********).
* *** ***** ****** ** ** a **** ** * ****** ** their ***** ****-**** *-* ***** *** and **** **** *******. **** ********* environment ** *** ***** *********** ******** - ***** **** **** **** ***** about *******.
**********'* *** *** *********** **** ******** *** ********** *** ******* ***** targeting $** *******, ********:
***********: *** **** ****** *** ***** in **** *****. [**** ****: *** video ** ********* ** **** ******]
********** ***: *****? ** **** ******** around *******, *** *** **** ** you ***** *** *****, ** **** actually ********, *****? ***? *** ****, why ***? **, *** ****, *********. Right. ** ** ********, *** ****,
***********: *****'* * ****** ****?
********** ***: ***** *** ***** *** just, ***** *** ****.
**********'* *** **** ** ** ********* how ********** **** ** ** ***** customer's **** ******* ********, *** **** drives *** ******.
** ******** ** **** **** ********** close ** ********** **** $** ******* is ** ****** ****, *** "****."
**** **** ********* ** ***'* ****? or *** *******?
** **** *** **** ** ***** anything **** ********** ***** *** ***** disruption ****** ***** ******** ** *** industry. **** **** ***** *********** ***** upon *** ****** ***, **** ** the ****.** ******, ** ********* *** ******* or ********* ** ****** ******** *** millions ** ***** ****** ********* *********…. known ** **/******** ********.********* *** **** ******** ** ***** customers **** **** **** “********” ***** upon *********** ****** ******** ********** ***** America, *** ******** ***********, ******* ***** upgrade.** ***** **** ** ***** ****** plan…. *** *** ****** ********, **** pick ** *** ****** **** *** $15Billion ****** *****, **** ****-*** ********** and ******** ******?*** **** **** ******* ***** ****** price ** ****-**** *** ******* *****.*** ****** **** ***** **** ** their ********?
***, *** ***'* **** ** **** or ********** **** ********** *****'* **** a *** ** ****** ***** ********** services. ** **** *** *** ** it's ****** ********** ********** ** ***** Response *** ********* **** ** ******** request ** ********** ***** ******* ***** installed. ** *** ****** ****** ********** industry *********** *********, ** ***** ********* a ***** **** ** ***** ** most.
****** #*, *** *** ***** ******* of **********.**** ** ***** ** ****, *** we ******** *** ***** ******** ** our ******* ** ********** *** ** the **** ********* ** *** ******** $15Billion ****** *****-*** ************ ** ******* contract *********.******* ******* ******* **** *** ** the ******* ******* ** ******** ******-**********, **/*************, ** * **** visibility ****** *********.** ******* ****-*** *********** **** *** Enforcement, *** ** ***** ****-******* ****** for **** ******** ** ***** *** errors *** *********, ** ********* ** the **** ********** ** ***-***-**. **** management **** ********** **** *** ******* public ********** ** ***** ********… ******* quietly **** *** ******** **** ****** your ****** ******** ****.
** * ********** ********, * **** this *********** ******* **** ****** ** significantly ****** **** *** *********** ********* with *** ******** ******** ** **** has **** ****** **** *** **** 2 ***** ** *** ********* ** general.
* ***** *** ** ********* ** some *** ****** *** ** ******* number ** **** **** ** ******* goal *** * *****'* ***** ****** internally *** ****** **'* ********* ***** where ** *** ** ***** ***.
***** ****, *** ****! * *** on *** ****** ** ********** * number ** ***** *** *** *****, for *** **** ****, * ******* being **** ** *** '****'. *********** VC's ******** * ********** ***** ** the *******, *** *******, ***** **** hiring ************ **********. *** **** ******* shift ***, *** **** ******** ** be, ******* ** *** ****. ******* $10B ** *****, *** **** *** thought ** ** ***, * *** only ******* **** *****, ********** **********, pockets ** **********'* ********* **** **** like **. ****:*****://**.******.***/***/**********-*/*******?********=**&****=****+********%**+**
**** *** **** ********* ** **** location ***** ****. ********* **** * snip ** *** *** *******.
*** ****** ******** **'***'?* ******* *** **** ** ** will **** ** *** *******, *** challenging *******, ******** *** *** ******. I **** ***'* *** **. ****'* the *****, ** *** *****? ****'* not * ** *'* ***** **?