After massive growth in their sales team, Hikvision is now planning to add two new R&D centers in North America.
In this report we examine Hikvision's stated plans to increase their presence in North America, and how this will impact their competitors and the overall security market.
Montreal, ******* ****** *********
*********'* ******* **** **** **** **** facilities ** ******** *** ******* ****** [link ** ****** *********]. ********, **** to *********'* ******** ******** ***** ******, and *** ********** *******, **** *** an *&* ******. ******* ******, ***** ******** ***** ******* *********** ** *****, *** ********* ****** ** ****** ** ****, **** *** * ******** *********.
*** *&* ****** ** ********* ** focusing ** *********** ***********, ***** *** research ********* **** ***** ** "***** technology ********". ** ** ******* **** "broad ********** ********" *****, *** ***** the ********, *** *********'* ****** ************ with ******** *** ******, ** ** ****** **** ** least **** ********* ** **** ******** will ** ******* ** *********-******* ***********.
No **** ********** ** ****** ** *****
********** ******* ** ********* ***** ** timing, ******* **** *** ********** *** "******** ** **** ** ****", *** failing ** ****** ** **** * specific ***** ** *******. ************, ***** is ** ******* ** *** ******* size ** ***** ********** ** *** number ** ********* ******** ** **** location.
Increased ******** ******* ****** *****
******* ********** ****** *****, *** ******** it, **** ***** *********** ********** ******** on *********'* ******* ****** ***** ******** operations. **** **** ** ******* ********** that ********* ******* ** **** ****** owning *** ***-**** ****** *** **** a ***** ******* ** *** ********** market, ***** ******* *** **** ******, and ********* **** ** ** ********* with **** **** **** *****.
Helps ****** ********** ** * ******* *******
****** ***** ******** ** ***** *******, not **** *** *********** *** *****, but **** *** *&*, ****** **** Hikvision ****** *** ****** ** * Chinese ********** ********** *******. *** ******* ** bring ***** ********* ** ******** *******, staffed **** ********* *** *** ************, help ***** *** ********** **** *** are * '*****' *******.
Local ****** ** ********* ** *******
** *********'* ******* ****** ****** ***** indicate, ****** ******* * ****** ****** is *** * ********* **** * company *** *** * ******* ******. Further, ********** ********* ** ******* **** had******* ********** *** ********* *** *********** talent. **** ********* **** ** **** on "****" ******** ** ***** **** autonomous ******* ********** ** ****** *********, and **** **** **** ****** ** pre-IPO ********* **** **** ****** *********. Developing ************ ******** *** ** *** of *** ******* ********** *** ** a ***** **** ** *** **********, and ***** ******* ** ******* *** a **** ******* *** **** ******* companies.
Impact ** ***********
***** ***** ********* **** ****** *** give ********* ******* *********** ************ **** could *** **** ***** ** *****, they **** ********** **** **** ********* on ****** *****. **** ****** *********** less **** ** ******** ********* ** a ******* ********** ****** ** ** organization ***** *** ******** *** "***** engineered ** *****". *******, ***** ******* do *** **** *** ********* ***** are *** ********** ********* ***** *** direction ** *** ******* ************.
iVMS-5200 *********
******** ** **** ** **-******* ********, and ******* ********* ******* ******* ***** ******* [link ** ****** *********], ******** ********* for *** *&* ******, ******** ** opens, ** ********** *** ******* ** iVMS-5200 ** ***** *******. **** ****, Hikvision's ********** ***, *** *** ******* *********** ** ***** *******, *** *** **** ******* ** be ****** ** *** ***** ******** market, *** *** ***** *** **** officially ********. * ******** *********** ******, coupled **** * ******* ******* **** domain *********, ***** **** ********* ****** an ****-**** ******* **** *** ********* competitive **** ******** ******** ** **** space.
Market ******
******* * ********** ****, ** ******* on *** ******** **** ** ***** locations, ***** **** ****** ** ****** ****** impact **** **** ************. ********* ******* on * ********** ****** ****, ** targeted ******** ******, ***** ** **** to **** *********'* ***** ** **********, and ******* ** ****** *** ****** in ***** *******.
Vote Hikvision ************
"Montreal home to Hikvision's existing Canadian sales office, and VMS competitor Genetec, will get an R&D center."
Hmm, if I were Genetec I would expect a price war to retain employees soon. Based on some forum discussions it appears as though IVMS-5200 is a little rough. Acquiring some ready talent would help accelerate the development process (I assume).
Hmm, if I were Genetec I would expect a price war to retain employees soon.
The reports that we have of Hikvision's compensation is that it is decent compared to industry levels but not exceptional. To that end, I doubt they try to win on price.
But, Genetec has 700 or more employees and many, if not most, in Montreal, so there's a lot of people to pick from. For example, Hikvision Canada's newest Senior Product Manager Simon Levy worked at Genetec for more than 6 years, though he left Genetec in 2015.
One ex-Genetec employee noted that Genetec has non-competes and that, even without that, "The culture up there is like a Silicon Valley company, play stations, pool tables, ping pong, soccer outdoors, etc. Hikvision will have a hard time getting people away from that environment."
A step in the right direction and two steps ahead of Dahua.
Wouldn't be easier to just Buy Avigilon?
It might also be more cost effective....
In my opinion this is just a flimsy PR attempt on their part to try to distance themselves from all of the bad press of being owned by the chinese government and so that they can try to get in on potential government contracts by saying they are based in the US and Canada. I may be wrong, I often am and will never be afraid to admit it if comes around that way.
