Genetec's Financial Performance 2009 Examined

Author: John Honovich, Published on Nov 17, 2010

Genetec is well known as one of the largest and technologically advanced VMS systems in the market, having grown from relative obscurity in the beginning of the past decade to a leading choice of large enterprises. The question, though, is how big is Genetec really? While Milestone continues to tout itself as being #1, what about Genetec?

As part of the Deloitte Fast 500 Technology rankings, Genetec has disclosed their 2009 revenue - totaling over $36 Million USD up from $12 Million in 2005 (see page 13 of the Fast 500 results). In another Deloitte ranking, 2007 revenue was revealed at $20 Million for a 34% CAGR between 2007 and 2009. That is pretty impressive considering it includes 2009, a poor time for the general economy and of declining growth for IP video in general.

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