VMS Developer Lensec Acquired

By: Brian Karas, Published on Aug 10, 2016

Independent VMS companies have been popular acquisition targets in the security industry the past few years (with Tyco acquiring Exacq, Canon acquiring Milestone, Panasonic acquiring Video Insight, OnSSi acquring Seetec, etc., etc.)

Now, Houston-based Lensec announced their acquisition by a Jordanian company JValley.

In this report we share feedback from our discussion with Lensec, examining this acquisition and the state of the market for independent VMS companies.

*********** *** ********* **** been ******* *********** ******* in *** ******** ******** the **** *** ***** (with**** ********* *****,***** ********* *********,********* ********* ***** *******,***** ******** ******, ***., ***.)

***, *******-******************** ***** *********** ** a ********* ******* *******.

** **** ****** ** share ******** **** *** discussion **** ******, ********* this *********** *** *** state ** *** ****** for *********** *** *********.

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

Lensec **********

****** *** ******* ** 1998 *** ******** * VMS ******** **** *** been ******** ** ********* markets **** ********** *** education. **** ***** *** estimated ** *** $** - $*** *****. ***** in *** ** **** often ****** ** *** end-user, ********* ** ***** and *** ***-******** *****.

*** ******* *** ****** to **** * ****** product **** ***** ************, as ******* ***** ** business *** ****** ** years, **** ***** **** awareness, *********, ** ******** comparable ** **** ***** in-state ***** **** ***** Insight *** *******.

JValley **********

******* ** * ********* company **** **** ******** development *** *********** ******** in *** ****** **** and ******** ****** ******. They **** ~** ********* on ******** [**** ** longer *********].

******* ********** **** **** significant ************* ** ******'* code **** ** *** last ******* *****, ********* to * ****** ***** to ******.  ******* *** also **** ******'* ******* sales ******* ******* ** the **.

Acquisition ***** *** *********

**** ***** *** ******* on *** ******* ** the ***********, ****** ******** to *******. ***** **** Lensec ******* ******** ** JValley *** *********** *** International ************, ** ***** more ** * ****** than * *********** *********** of ** ******** *******.

Future *** ******

****** **** **** *********** will ****** **** ** remain *********** *** ******* development ******* ******* ********, including *** ******* ** an *****-***** ********* **** are ********* *** ***** 2017. ****** **** **** shift **** ***** ****** sales ***** ** * more *********** *******-******* ******** in *** **.

** ******* ***** *** limits ** ******'* ********* here ****** *** ** constraints ** *** ******** who **, ******** ** other ****** *** ********* (like *****, *********, ****, etc.), **** ******* *** has **** *********.

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

** ****** ** *** more *********** ***** ** acquired ** *** ******** IP ***** ****** *** the ************* ** ******* hardware ************* **** ** challenging *** *********** ******** providers.

Comments (3)

The company has seemed to have a better product than sales organization, as despite being in business for nearly 20 years, they never grew awareness...

In that case, they should keep the VMS and sell the name; to someone who actually makes security lenses, for instance.

JValley is in Amman, Jordan, which is also where the previous owner of LenSec, Marwan Attalla is from, and I think lives today. He is from an extremely well respected family, and is exceptionally well connected in the Middle Eastern business community, and he is a pretty solid guy. I've heard that the King of Jordan was in his wedding, for a little perspective on his social circle. Probably a friend-of-a-friend deal, or the son-of-a-friend-of-a-friend.

Just read the press release. Basheer, the CEO of JValley, was an early investor in LenSec, and was always a huge supporter. This could be a very positive move overall.

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

Top Manufacturers Gaining and Losing 2019 on Nov 18, 2019
2019 has been an explosive year for video surveillance, with the world's two largest manufacturers, Dahua and Hikvision, being sanctioned for human...
Open vs End-to-End Systems: Integrator Statistics 2019 on Nov 11, 2019
Preference for open systems is on the decline, according to new IPVM statistics. We asked integrators: For video surveillance systems, do you...
Rhombus Cameras, VMS and Analytics Tested on Nov 06, 2019
Rhombus boasts they have created "the new standard in Enterprise, cloud-managed video security" and told IPVM in January 2019 they offer twice the...
90+ Companies Profile Directory on Nov 06, 2019
While IPVM covers the largest companies in the industry regularly (like Axis, Dahua, Hikvision, etc.), IPVM strives to do a profile post on each...
Aiphone Video Intercom Tested (IX Series 2) on Nov 05, 2019
Aiphone was one of integrator's favorite intercom manufacturers but how well do their products work? The company's newest offering, the IX Series 2...
Hikvision USA Fights LTS on Nov 04, 2019
Hikvision's USA subsidiary is fighting with LTS, having recently quietly dropped LTS as an authorized distributor amidst ongoing face-offs between...
Axis Cracks Down On Illicit Channel Sales on Nov 01, 2019
Axis has stepped up efforts to crack down on illicit channel sales according to various industry sources, though, Axis denies this. Online sales...
Avigilon Appearance Search Tested on Oct 30, 2019
Avigilon Appearance Search claims that it "sorts through hours of video with ease, to quickly locate a specific person or vehicle of interest...
Struggling Arcules Changes Chief Revenue Officer on Oct 29, 2019
Canon / Milestone spinout Arcules has struggled, now changing their Chief Revenue Officer, just a year after he came on board. The issue is not...
nFlux AI Startup Profile on Oct 28, 2019
nFlux, an Amazon, Google, and Microsoft funded AI startup told IPVM their mission is to build the most intelligent video analytics platform in the...

Most Recent Industry Reports

The Cowardly, Greedy "Leaders" of Video Surveillance - SIA on Nov 19, 2019
The video surveillance industry suffers from cowardly, greedy 'leaders' who are focused on maximizing easy money while undermining trust with the...
Hikvision Dual Lens Face Recognition Camera Tested on Nov 19, 2019
Hikvision's Dual Lens Facial Recognition camera, claims that it "adopts advanced deep learning algorithm and powerful GPU to realize instant face...
Top Manufacturers Gaining and Losing 2019 on Nov 18, 2019
2019 has been an explosive year for video surveillance, with the world's two largest manufacturers, Dahua and Hikvision, being sanctioned for human...
Hidden Camera Detectors Tested on Nov 18, 2019
Hidden cameras are a growing problem as cameras become smaller, cheaper and easier to access. However, some companies claim to be able to detect...
Wyze Fires Back at JCI - Your Patents Are Invalid, Pay All Of Our Costs on Nov 18, 2019
Goliath JCI targeted startup Wyze this summer alleging the fast-growing consumer startup was violating a slew of JCI's patents. Now, Wyze has...
ADT Stock Surges - "Leading The Commercial Space" on Nov 15, 2019
Don't call it comeback... but maybe call it a commercial provider. ADT, whose stock dropped by as much as 2/3rds since IPOing in 2018, has now...
Gatekeeper Security Company Profile - Detecting Faces Inside Vehicles on Nov 14, 2019
Border security is a common discussion in mainstream US news and politics, as is the use of banned Chinese equipment by US Government agencies....
Hikvision CEO And Vice-Chair Under PRC Government Investigation on Nov 14, 2019
In a surprising and globally covered move, Hikvision CEO Hu Yangzhong and Vice-Chairman Gong Hongjia are being investigated by China's securities...
Camera Field of View (FoV) Guide on Nov 13, 2019
Field of View (FoV) and Angle of View (AoV), are deceptively complex. At their most basic, they simply describe what the camera can "see" and seem...
UK Big Brother Watch: Hikvision Is 'Morally Bankrupt' on Nov 13, 2019
UK civil liberties advocate Big Brother Watch has condemned Hikvision as being 'morally bankrupt' following IPVM exposing Hikvision marketing...