Video Developer Digital Barriers Selling Off Its Video Business

Author: Brian Karas, Published on Oct 31, 2017

~92% of Digital Barrier's $32M USD revenue is from video surveillance.

The company is most well known for its products such as perimeter detection analytics (that they OEM to Axis), face recognition and EdgeVis low-bandwidth streaming platform.

But all of those are being sold off because Digital Barriers sees greater promise outside of the video surveillance market, in its ThruVis platform (which we recently covered).

In this note, we examine the terms of the deal, the motivation of it and the challenges and outlook for the reformed company.

~**% ** ******* *******'* $*** *** ******* ** **** ***** surveillance.

*** ******* ** **** **** ***** *** *** ******** **** as ********* ********* ********* (**** **** *** ** ****),**** ************************-********* ********* ********.

*** *** ** ***** *** ***** **** *** ******* ******* Barriers **** ******* ******* ******* ** *** ***** ************ ******, in ********** ******** (***** ** ******** *******).

** **** ****, ** ******* *** ***** ** *** ****, the ********** ** ** *** *** ********** *** ******* *** the ******** *******.

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

Deal *******

******* ******** **** **** *********** ************* ******* ** ***************** ******* ********** £**.** (~$**.** ***). **** ******** ~*** *********, ******* *****, intellectual ********, *** **** *** ********* ****. ***** *** **** completes ******* ******** **** ****** * ******* *******. *** ********* assets ******* ** *** ******* ******* **** **** **** *** publicly ****** ********* ******, ***** **** ** ***************. ** ******, **** ******* **** ******* ************** ** ********** ******* ** ******* ******** ** ****, ****** **** ********** *** ***** *** ******** ****** ******, and ******* ******** *** ******* ******.

Digital ******** ******** ** ******

********* ** ******* ******** ***** ******** ****** *** ****** ** see *** ************* ** ******* ************, ********* ** *** *******. Digital ******** ********* ********** **** *** ***** ******** *** ******** to ****** ******* ***** *** **** ** ********* ******* ***** and ********* ** ***** ***-**** ***********.

Executive *****

******* ********' ***,*** *********** ****** ** **** ** *** ******** ******* ******** ************. Thruvision **** ** *** ** ******* ********' ******* ***-********* ********, Tom *****, *** ******** *****.

Digital ******** **** *******

*** **** ********* ******(*** * ****** ****-*** ** ***** **, ****) ***** *** vast ******** ** ******* (£**.**) ****** **** *** ***** ******** division, **** **** £** ****** **** *** ******* *******, * drop ** ******* ** ~**%:

******* ***** ******* ******* ** ****, *** ******** ** ******* video ******* *** ********* ********** ** ************** ** *******, * **-***** ********* ********** **** ******** ********** ********* ********* to *** ** **********.

******* ******** ******** ** ******* **** ** £**.**, ****** **** of ***** ** ******* ** ********* ********** ************* *** ***** ********. ***** ******* ************ ** *** **** were ** ~**% ******** ** ************** ***** ** *** ***** business, *** * ******** ** ***** ******* (**% ** **** vs. **% ** ****). **** ** ***** *** ********* ******* to *******, ****** **** ***** ******* ****** ******** ******* ******, it ** * ***** ****** ********.

Banking ** ******* *********** ******

******* ************** ** *** ** ** ********** *******, *** **** **** ***********, ***** **** ******** **** **** TSA *********** ******* *** *** ******* ******** ******* ** ******* the ******* ******* ** *** *********** ****** ** ****** *****.

************, *** ******* ********* **** ** ******* *********** *********** **** be ********, ******** **** ** **** *******, ****** ****** ** drive ******** (******* **** ** ~$***,***), ** ****:

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

ThruVis ************ ********

*** ******* ********* **** **** ********** ************ ****** ** ********, such ** **-***** *********** ** ********* *** ******* *** ********** detection. ************, **** **** ** ******* ** * ******* ************* operation ** *** **, ******** *** ******* ** ** ******** "Made ** ***".

Rationale *** ****

*** ***** ******** *** ****** *** *** ******* ******* ** significantly ********* **** *** ***** ******** ********, ***** ********* ********** to *** ******* ** ***** ** *********** ***** *****, *&*, and ******* ********* ********, ********* ** ** *********. ** ********* the *******, **** ******** *** ****** ***** ** *** **** market *** ***** *********** *************.

Analysis ** ******* ******** ****

*** ***** ********* ****** *** ****** ************ *******, ****** ** have ***** ********* ******** ******** **** ***** ** ******* ******** products ** **** *****. *** **** *** ******* *** **** to *** ~$*** *** ** ********* ******** **** *** *** showing * ****** ** ***********, ****** **** ** ****** *** in ***** **** ** *** ******* ********. ***** ******* ********* by * ** **** ***** *** **** **** **** ** easier *** **** ******** ** ** *********** ****** ****, ** acquire, ***** ************* ********** ** ******.

Outlook *** **********

********** ** *** ******* *** ******* ******* *** **********'* *********, however *** ******* **** *********** ** * *-******* *********, **** the ******** ** **** ******* **** ***** * **** ********* specialty ******. *******, ****** ** ****** ** **** ******** ** terrorist ******** *** ******** ** ***** ****** ** **** **********. While ***** ******* *** ******** ** ******* ** *** *****-****, they *** **** ******* **** ********** **** **** **** ****** ability ** ****** ********, *** ** ****** ******, ** ******* for ****-********* *******, **** ****, ********** **** ****** ** ********** impacted.

Comments (1)

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

* ***** *** **** ******* **** * *** ******* ** DB (****-**). * ****** **** **** **** *** ******* *** properly ****** ** ***** ** *****.

** *** **** * ******* **** *** *** **** **** the ** *** ** *********** *** ** ******** *** '** TO' ****** ******** *******.

****** *** ******* ** ************ *********, ** *** *** ***** a * **** ******* ****** *** ** *** ******** ** see **** **** **** ** ** **** ***** ** ********* can ******* ***** **** ****** **** ***** ******* ******.

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

****** ** ** ******** ********** ***

**** ** ** ******* ***************

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