Infinova's Huge $1.2 Billion IPO Examined

Author: John Honovich, Published on Jan 06, 2011

Relatively unknown surveillance manufacturer Infinova announced an IPO valuing the company at $1.2 Billion USD and raising $300 Million USD. This is a huge event. Inside this note, we provide feedback from an interview with Infinova and our commentary on the implications for China and the overall market.

To put this IPO in perspective, Infinova's public financial valuation is now about the same, or slightly more, than Axis Communications (see Axis's stock summary), a company that generates about 6 times as much revenue. Also, see Infinova's stock summary.

***'* ***** **** **** ****** ********* *********** ***** ********:

  • ** ****, *** ******* ********* ***** $** ******* *******
  • **** *** **** * *****, ****** ****** **** *** **** in *** ***** ** **% ** **%
  • **** ****** **** ***** ** ** ** *** **** ***** (review ************ ********** ** *******)
  • *** ************ ************ *********, ******** ** * ********** ***** *******, bigger **** **** ******* ***** ** ********* *** ******* ****, for *******,********* ******, ************,***** ********,*******, ***.)
  • ****** **** ** **-******* ****** ********** (*-**%) *** *** ** entrants (**%+)
  • ******* *** ****** ** *********** ***** ***** ******

*** ***'* ******* *** *******'* *********** (***** ** ********* **** many ***** *********):

  • ******** ******* ** ********** *******, ****** ***** ******** (**** ******* ****************** ********). **** *** *** * '******' *** '***' ********.
  • ******** ********* ***** ***** ***** *** *****. ********'* **** **** have * **** ***** *** ******** *** **** **** ****** branded *****. **** *** **** *** *** ******* ** **** their *** ********.
  • ******** **** *** *** *** ** ***** ** ** ** integrator / ******* ********** ** ***** (*************************** **** ***** ********** ** **** ****). ***** ******/**** ** actually '*** **********'* ************'.
  • ******** ** ******* ******* ** ************* ********* *** ******** (*.*., the ********* ************ *** ** *** **)
  • *** $*** ******* ****** ** ***** ******** ** ******** *** will ** **** ** **** *** *******. ******** ** ******* to ********** ***** ****** ******* * *********** ** ******* ******, product *********** *** ***********.

**** ** * *** ** *****, * *** *********** *** Infinova *** ** *********** **** *** *** ******. ** *** 2 **** ***** *** *************:

******** ** $*** ******* 

******** *** *** * ******* $*** ******* '********'. **** ** an ******** ****** ** **** *** *** ************ ********. *** sake ** **********, '***' **** ***** ** *********** ** ************ are ***** $** ** $** ******* (*.*.,***,******). **** $*** *******, ******** ***** *** **** *** *** number ** ** *********** ************ ********* (****: * ** *** claiming **** ****, **'* **** *********** ********).

******** *** *** * ***** ******** ********* ******* ****** *** of ***** ***********. ** **** ** **** *********** ** *** what **** ** **** *** *****.

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

* *** ******* ** *** **** ******* *** * ******* that **** ****** ******** *** *** ********** ** **** ** the ******* ***** ******. *** ******* *********, * *** ***** to ******* ***** ** ************ (****'* ******** *****). *******, **** Infinova **************** **** ***** ** *** **** ** ****** ** ***** levels (*.*., *********'* ********* ** ** ****'* ** ******* *** same ******** ** ****).

** ****** ********** ******* **** * ******** ** ********* (*** implicit **** ****** ** ******* **** ** * *** *** to ** **** **%). ** ****, ** **, ** ** unsustainable *** * ****** ** *** ******. *******, **** ** the ********** *** *** ************* '*******', ** *** ********* ****** hold *** * ****** ** *****, *** ****** ***** ***** be ***********.

  • **** ** *** **** ******* ********* **** ********* ** **** extremely ********* *** ******?
  • **** **** ******* **** * *********** ********* ** ********* *** expanding **** ****** ************ *******?

**** *** ******* **** *** ** *** **** *********** ****** in *** ************ ******.

[****** ****: ********'* ***** ***** *** ******* **** **** **% since ****** - *** **********.]

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

China Huawei Gives France Free City Surveillance on Feb 16, 2017
China is using its financial resources again, this time in France, just a month after the Chinese government funded a $100 million security /...
Hikvision Pledges 'Never' 'Backdoors' on Jan 27, 2017
With criticisms rising, Hikvision has gone on the record publicly declaring: Hikvision never has, does or would intentionally contribute to...
Amazon Sales of Hikvision China Cameras on Jan 12, 2017
Hikvision has become widely available in the US, including on popular retail outlets like Amazon, with over 2,600 results: 4MP Hikvision outdoor...
Hikvision New R&D Base To Create 10,000+ Jobs, Says Chinese Government on Jan 10, 2017
Hikvision has secured a major new China government partnership.  In this note, we examine the official statement from the Chinese government and...
How Axis Can Beat Hikvision on Jan 09, 2017
Hikvision has rocked the industry globally, bullying former video surveillance revenue leader Axis even in the Western world. What can Axis...
Hikvision Sales and Support Conflict Over Discontinuation on Dec 28, 2016
Numerous Hikvision technical support employees have confirmed that the iVMS-4500 will be discontinued. Some Hikvision sales people say this is...
China Government Funds $100 Million South American Security / Surveillance Project on Dec 27, 2016
Chinese manufacturers stand to benefit from new funding that the Chinese government is giving to a South American country for a $100+ million...
The Future of Video Surveillance Distribution on Dec 22, 2016
40+ video surveillance distributors around the world told us what they see as the present and future of distribution. The key positive: solutions....
Hikvision False 'Made In USA', Sold to US Government on Dec 20, 2016
A China State Owned Company, Hikvision products are listed as "Made In United States of America" and for sale to US government agencies, despite...
Yes, Milestone, The Glory Days Are Over on Dec 20, 2016
Milestone challenges: Are the glory days over? Or are we in a position as a Community to defy these ominous predictions and define the future...

Most Recent Industry Reports

Simplisafe is 'Blowing The Doors Off' on Feb 17, 2017
The company alarm dealers love to hate, Simplisafe, is 'blowing the doors off' according to Michael Barnes, one of the top financial advisors in...
Hikvision OEM DDNS Devices To 'Lose Remote Access' on Feb 17, 2017
The fallout of Hikvision's DDNS discontinuation is expanding, this time hitting OEM partner Supercircuits, who reports that on June 30th: The...
Milestone: "Easy Money Days Are Over" on Feb 17, 2017
Contrary to IPVM's criticisms, Milestone has reaffirmed that glory days remain. But they admit that they 'easy money days are over': Are the...
Directory of Alarm Panel Manufacturers on Feb 16, 2017
Alarm panels are the central controller of intrusion systems. The following is a list of manufacturers of alarm panels. This directory only covers...
Panasonic Favorability Results on Feb 16, 2017
Panasonic is one of the largest brands in the world and a long term provider of both video surveillance imagers and cameras. But, like all...
China Huawei Gives France Free City Surveillance on Feb 16, 2017
China is using its financial resources again, this time in France, just a month after the Chinese government funded a $100 million security /...
Hikvision Silicon Valley and Canada R&D Expansion on Feb 15, 2017
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...
Directory Of Wholesale Central Station Monitoring Providers on Feb 15, 2017
Wholesale central stations help smaller and local dealers providing monitoring to their customers. Dozens of options exist.  Below is the first...
Bosch/Genetec Video Cybersecurity Partnership Examined (CHAVE) on Feb 15, 2017
Surveillance products have been relatively weak when it comes to cyber security. Default passwords, open ports, and weak authentication mechanisms...
Security Alarm Industry Trends - Barnes on Feb 14, 2017
This is a review of key security alarm industry trends, taken from Michael Barnes' presentation at the 2017 Barnes Buchanan conference. Key trends...

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