Motorola Acquires Ava
Last month, Ava was the fastest growing video surveillance company, today Ava becomes another one of Motorola's growing stable of physical security companies.
For background, see Ava Cameras Tested and AVA VMS And Video Analytics Tested.
For other Motorola acquisitions, see Motorola acquired Avigilon, Motorola acquired Pelco, Motorola acquired Envysion, Motorola acquired Openpath, and Motorola acquired IndigoVision.
Inside this note, based on a conversation with Motorola and previous conversations with Ava, we analyze who won and lost this deal.
*** ***** *********** *** ******* *** **** ******** paid *** ******** *** *** ******* to ****, *** ***** ******* **** industry ************* *** *** ***** ***** it *** **** *** ****** **** was $*** *******. ** **** *****, the ***** ****** **** ** **** public ** ******** ** * ********-****** company.
Win *** ********
**** ** * ***** *** *** Motorola. *** *********** *** **** ****** threat ** ******** **** *** **** seen, **** ** ***** ** * well-developed ***-**-*** ******** *** * ********** team **** ***** *******. ********, ***'* ability ** ******* ******* ***** ******-**-***** cameras **** ** **** ******** **** it * ****** ** **** ********** like ******** *** ***** ******** **** Verkada.
*** ***** (**********) **** ** ********** low (*********** **** ****** **********) *** it ** ******** **** *** **** (or ***** ****) ******** * ****-******* annual ******* ***** ** **** ******.
*** **** ******** ** **** ******** could **** ******** / ******** ********'* current ********* ** ***** *** *** areas **** *** *** ******** ********** (mainly ******* **********, **** ** *** up, ****** ** ***** *******).
** *** ***** ****, **** ********** what ***** ****** **** ****** *** of ********'* ******* ***********, ***** ******** Motorola.
Relative **** *** ***
**** ******** **** *** ********** ********, they **** ********* *** ******* ** raise **** ******* (*** ****** ** flush **** *******), *** ***** ***** growth **** *** *******/****** *** ** a ***** **** ** ***************, ** think **** ** * *** **** for ***.
*** ****** ***** **** ****** **** larger *** **** *** * ************* higher ********* ** *** **** *** years. *** ***** ** ********** ***** (see ****** ******** *******) ** **** certainly ********** **** **** *** ***'* shareholders *** **** *** *** **** upside.
Risk *** ********
***** *** ******** *** ** ******** of *******, **** * ***** ******* break *** *** ****** ***** *********. Having *** *** ** **** ** Motorola ******** **** ******* *** ***-***** of ****** * *** ****** *********** choice.
Motorola ********** *****
**** ******** ******** ******** * ***** ago, ** *** ****** ** ** oddity, * ****** ****** ************ ****** a ***** ************ *******. ***, ** 2022, ******** **** **** ****** * larger ************ **** *****, ***** **** Axis, ********, *** *********.
********, ******** *** **** *** ** the **** ********* ******** ******** *** entrants (******** ** *** ****** ******* side *** *** ** *** ***** side). ********'* ********* ** ****** ** strong *** **** ****** **************** ***** in *** ***** ** ********.
More ************
** ***** **** ******** ***** *** deal *** **** ********* *** **** message ***** *** ********** ** ***** surveillance *** ***** ****** ** ****** live ***** ******** *** *** ***** of ********* *** ******** ***** ********, etc.
**** ******* ******** ********* *** ******** about ******* **** **** ******* **** companies *** ********* *** ********* ****** volumes ***** ***** ******** *** *********** to ***** ** ***** ************.
*** *******, ******** ********* ********* **** $1.5 ******* ** ****** ********* **** flow, ** **** ********* **** *** funds ** **** **** *****.
Integration *****
*********** ***** *** * *********** ********* of ********* **** ********* ********* (*.*.,*** *** ***** ***** ******** ** Everbridge). ******** ********** ** ** ***** approach ** ***** ******* *** ********** about ************, ********* ******* ** ********* both ******* *** ***** *************.
** ***, ******** *** **** ********** successful ** *********** ***** ********* *** it ************ ******* ****** *** **** companies *** ***** ** *********.
Competitors *****
**** **** *** ****** ****** *** competitors **** ********* *****. *** **** is **** ******** **** **** **** Ava's ****** ** ** ***** **** integrating **** ********.
Growth ****** ** ***
** *** **** ****** *** ******** to *** **** ********* ***'* ****** but *** *** **** ***** *** will ***********:
** ***** **** ***/********'* *********** **** for ** ***** * **** ** two, *** ******* ** *********** *** will ***** ********** ** *** **** could **** *** ******* ******* *********** and ****** ********* ** *****.
** *** ***** ****, ******** *** its *** ***** *******, *** ********* Ava **** **, ***** ********* ******** the ***** **** *** *** *** plus ******** *** *** *** *********, cameras, *** **** ***** ******** ************* facilities **** *** ***** *** ********** benefit ****.
Overlap *** *** ********
*** ***** ** *** ******* *** not *** **** ******** **** ************* overlap. **** ********* *** ***-**-*** ***** surveillance ********* **** ******* ***** *** smart *******, ***, *** ***** *********.
*** ******** *******, ******, ********, ** otherwise ******* *** *** ********'* ******** is * *** ****** ** *** these ********** ********.
Vote / ****
* ******'* ** ** ****. ******** is * **** ********* ******* **** JCI. ******** ******* ******* ******* *** doomed **** ****** ****** **** *** then ******* ** **** ***** *** most ********** ***** **** ** *** world, *** **** ******** ***** ** being * **** *******.
**** ***** ** **** *********. *** Hanwha ***** ** * **** ******* of ***** *** ******** ** * company ****** *** ****. * ******** was ********* **** ** ****** ** well ** ** ***.
** *** ***** *** ***** *** times **** **** **** ** ***** works *** - *** *** **** are *** *********.
** * **** ** ** **** post - **** *** **** - but ****’** ***** ** **** ** give ** ****.
[****: #* ***** ** *******.]
*** *** ** **** ******** **** end ***** *** *********** ***** *** were ******* ****. *** ******** ** the ********* ******* ****** *** **********. This ** *** ****** ** *** Avigilon ********* **** ***'* **** *** chops ** ******* **** *******.
**** **** *** ****** ** *** up *** ********* **** ** ******.
*'* ********* ** ** *** ***** to *** **** ******* * *****/***** Solution ** ** **** ** **** competitive **** ******** ***** **** **** basically ****** ** ******** ***** *** solution.
** ** **** *** **** ******-******* Canon, **** ***** **** ****: *********, Arcules
**, * ***** ****, *** ** either **** **** **** *** *******' Cloud/VSaaS ********* **** **** ********. **, to ** ******** *****, *** **** before ** *** ****** ** **** acquire * *****/***** ******* ** *** and **** ** **** *** *********** and *** ** ** ***** ** might **?
**** ** *** ****** ** *** Avigilon ********* **** ***'* **** *** chops ** ******* **** *******.
****** *** *** *** * ******** camera **** *** ******* *****'*.
**** ** *** ****** ** *** Avigilon ********* **** ***'* **** *** chops ** ******* **** *******.
#* ***** ** *******.
**** ** *** ****** ** *** Avigilon ********* **** ***'* **** *** chops ** ******* **** *******.
** *** ****** ***** **** ******** and ******* **** *********? * *** that ** **** ***** **** **** record *** ****** ***** - ** yeah, * ***** **** ***** ** competitors. *******, ****** * ********** *** driving * *** **** *** *** to *** *****, *** * ******'* say **** ****** ******** ** ********* with ******.
***, ***** **** *** ******* ******* and **** ** ******* **** ********, but * ***'* *** **** ********* for ** ***** * *****.
(** *** *** - * **** for ******* **** ******** **** ******* and ***, *** * ***'* ******** Avigilon * **** ********** - ** least *** ***)
#* ***** ** *******.
* ****'* *** *** ******** ** Verkada ****** * ****** - **'* clearer ***
** ** *********, **% ** *** time ** ********* **** ** ********** customer **** *** ******* ******** *** and ******** *******.
** * ******** ******** *** ***********.
* **** **** ****** ******** *** Toyota *******. * ***** **** ***’** saying ** *****—****** ******** *****’* *** Toyota ** ***********. ****’* ******** *** Harley ******** ** **********.
******:******-******** ******* $** ******* **** ** recent ****** *******
* *** ***** ***** ** *** acquisition, * **** ***** *** ***** cameras **** ** ********* ******** ****. I ***** *** *********** **** **** be ******* *** *** ***** ** cloud ****** ********* *** *********** ************. The ******** ** ***** ***** *** only ****.
* ***** ***% **** **** ********* that ** ** ***** ** ** the ***** ******* ** *** **** vs. *** *********** ************ ****. *** traditional ************ **** **** ******* *** now. *******, *** ******** ** ***** cameras ** *** **** **** ******** to **** *** **** ******** *** marketplace **** *** **** ******* *****. I ******* **** *** ************* *** pivot ******* **** *** ***** ***** own ************ *** ******** **** *******. Those **** **** ** **** ******* else's ***** ** ***** ******** *** call ** ***** *** **** **** likely ** ****.
* ***** *** ********* **** ***** both **-**** *** ***** **** *** the ******* *** *** ***** **** do *** ****. ** **** **** large ******* ***** *** * **** NO *** ******** ***** *** * am ****** ** **** *** **** with ***** ********** *******.
***** ****! *** ********* **** *** ability ** **** ** ***** *** back ** **-******* *** ***** ***. We **** * ***** ******** ***** both ****** ** ****** ****** *** and ****** ****** *** (**** ****/*******).
* ***** ***** **** *********/******** ************ due ** *** ******* ******** ** Ukraine *** ******** *** * **** in "****" ***** *****, ** ***** outside ***** ******* *** ******* ****** and ***** *****.
*** ****** **** ** *****-******* ******* businesses ** ***** ******* ** **** non-Western *********, ** ********* ** *** (Arabic) ******** **** *****:
***** ****** *** ***** ***** ***** technology ********* *** ***** ** *** USA/North ******* (*** ****** *** *** rest *** ****** ** ******* ****** and *****), ** ** ******** **** many ********* ***** ******* ***** ******* may ** ******** ***** ***** **** on *****, *** *** ******* ** prefer ** **** **** ** ****** full **-******* ** ** ***** * hybrid ************ (***** ********** *** ***** storage), **** ******* ***** *** ******* by *** ** ******** ** **** cloud (*** *** ** ******** ******* had ******* ** ** **** *** and *** ******* ** *******).
********* ******** **** ** ******** *** affect ** ********** ********* ************, *** minimizing ******** ** *** ***** *** now ** * ***** *** *** companies *** ** ***** *******, ******* Europe ** *****.
* ***** *** ** ******** ** find **** ***** ** ************ **** a "****" ***** ****** ** ******* Middle *******/******* *******, **** ***** *** infrastructure ** ******* *** ***** ** well ***********.
** * ****** *** **** ******** ACC, *** *** ***. *'* *** surprised ** **** **** *** * have **** ****** ** *** ******. I **** ******* **** ***** ** the **** ***** ******** ******** ********. Now ******** *** **** * **** cloud ******** **** ******** *** *** and ** ** **** ******** **** ACC *** ***. * ***** ****** the *** ********** ** ** ******** into ***** ********* **** ********, ***** etc **** ****. ** *** *** then ** ************ ** *** *** that ***** ** * *** ** well.
***** ** **** * **** **** with *** *** *** ******** * assume *** ***** ***** **** ** merged **** **** *** ******** ***** force ** *** ****** *** **** dealer / *** ******.
* ***'* ****** *** ****** ** slow, *** **** ** **********.
*** ********* ** *** ***** **** a ****** ******* **** *** **** this **** **** ***.
“*** **** **** *** **** ** public ***** *** ***** **** ** join ** ******* **’** * ******** company?”
***.
** ****** *********** ** ***, **** in * *** ** ***** *** capped **********? ***, ** **** *** corporations *** **, ******.
** *******, *** *** ****** *** were *********** ******* ** *** *** would *** *** **** **** *** owned ** ********?
**-*.
*** *** ******* **** ******-****** *****, you ***** **** *** ***** **!
* *** **** ********* ** **** about ****, *** ********* ** *** relatively *** ******. ** ***** **** they ***** **** ****** * ****** valuation **** * ** *****, ** other *********.
** *** ******, **** * *** years *** ** *** ******** ******** a $**** ****** ** * ******* would **** **** ******* ** ** insane, *** *** ** *** ******* at ** **** **'* *****. * guess ****'* * **** **** *** the ***** ** *******.
*** **** ******** *** ***** *********** video ************, ***** ************, *** ****** control, ****** **** ** ********* ***/**** will ** ****? **** ***** ******** or ********** ***** *********?
**** **** * ************ ********…
***** ** ***** *** ******** ***** plus * **** ******** *******…
*’* *** **** * ******* **** centre ******** *** *** *** ***** would ** ********* ****
**** ***** ****** ***** ******* **** into *** ****, **** **** * purchase (********) *** **** **** **** off **** ******** ***** ***.
* ***** **'* * ****** ** years ***, *** ** ******** ******/*********** wave ** ****** ** ** ****** other *********** ****** ******** *******. **** at **** ********* ** ********* **** their *** *** ******* - **'* a ****** ****** ***** ***. **** are ********* **** ** *** ********* driving ******, *** *** ******* ** bringing ******** ***** ****, ***** ****, and ***** ***** ** ******* ****** to ******* **** ******* *** ******* about **** ** ********* ** *** environment ** **** ********* **** *** value ** ******** ************ (***).
** **** ***** ** **** ****** cameras *** ***** *** ***** ********* to ***** *** *** ********* ********* from *** ** ** **********+, **-*******, hybrid, ** **** ***** ******. *** next **** ****** ** ********* * sort ** "********* *****" **** ***** parts ** *** ************ ** ***** more *******. **** ** *** ****** wars ******* ** *** ****-******* *******, there *** ******** ************* ****** *** benefit ** ***** *** ********** ** part ** *** ******** **************.
** **** **'** **...
***** ** ***** ********** **** **** **** ***. (*******)
** **********
**** *******
******* *******
******.
* ***** ******* *** *** **** to ****, ** ********* **********. ** an *********** ******** ** ******** ***** party ***** ******* ** ******* **************.
* ******* **** **** ******** *** buying *** *** *** ****** (**** in ******) *** *** ******'* ***** technology *** *** ** ***** ** pretty **** *** *****. *** **** has * ***** ******** ***** ** the ******** **** ** ****** ****** I ****** ** **** *** **** included ** *** *********? * ***** this **** ** ******** ** ** the *** ****** ** ***** ** the ******. ******** *** ********** *** AVA/Openpath *** **********. ****** ********** ** me. **** * ***'* ****** *** is ***** ***** **** ** ** this ****** ** ** *** ***** Camera **** ** *** *** (*** Taiwan) **** *** *** ***** *** on ** *** ********** **** ********. That ***** *****.
***'* ***** ******** ******** ********* * few ***** *** **** *** ****** launches, *** * *** ******, ********* segmenting ***. ********** ** **** ** now, ** ** ****** ** ****** quietly.
*/**/****:
********* ************: *** ****** **** ****** Qush ********
*** ****** **** ****** **** ********
#*, ****** *** ****, * *** not **** ** *** ******** **** term *** *** **** ** **** a *****. *** * *** ***** **** ******** ****, ****** *****:
***** ** **** - *** **** reason * ********** ***: *** *****.
***** ********, * ***** ** *** the ************ *** ****** ******** ****** following *** ***** **** * *** domain. ******* ** *************. *** ***** nothing.
***** *** ****** ****** **** **** they're **** ***** ** *** **** out ** *** ****. * **** four ********* ****** ******/*** ***. ** I ***** *****, ***** ****** ****** is **** ********* ******** *******, **** what * ********.
** **** ***** ** *** *** start ******* **** **** ** *** business *****, ** ******* ****? * don't ****, *'* *** * ******** person, *** ***** * ****** *** to **** ** **** ******* ********* businesses.
****** ********* **** **** * ***** stories ** ******** ******* ** ******* Avigilon ****** **** ***** *******... **** to *** ***** *** ** *** end **** ******** **** ** ******* up *** ******* ***'* ***** **********.
** **** ***** ** *** *** start ******* **** **** ** *** business *****, ** ******* ****?
**** ** ********'* ******** ** ********* the ******* ********** **** * ****** Motorola ************. *** *******, ******** *** brand ***** ****** *** ******** *** company ** ** ****.
** ********, **** ** ***** **** the *******, **** **** ********** **** (for ****** ** *****) ** **** were **** ***** ******** **** * years ***.
* *** ******* **** ***** ***** to ***** ***** ****** ********, *** I **** ******** *** **** ***** has * *** ****. * ***** think **** ********* ****'** ***** ** keep ******** ******, ** ***** *** a *****, ******* ** *** & JCI/Tyco.
*** ****** *** ****** *** *** companies **** ***.
*** **** ***** **** **** **** be *********** ** ***. *** *******, Motorola ************ / ******** *** * ***** ago, *** **** **** ******** ** going ****.
* ** ***** ******** ** ****** to ****** ** * ***** *** years ** ****, ** ** *** more ***** ******. ****** ******* **** Pelco.
*** *** ** *** * **** known ***** *** ** ******* ******* **** **** * ***** ago.
****** ****** *** ******** ** ***** in *****, **** ** **** **** Avigilon. ***** ************ ******* ** ******* to ****** ******* *****. *** **** help **** ******** * ****** ***** offering ** *** ********.
*** *****? **** *** ******** ***'* source ****** ********** * ***** *** are ** ******* *** ****.
**** *** * *** ***** ***+ Ava ****** ****** ********* ****** ** hours ** ** **. *** *** very **** ** ********* *** *** parts ****** ** *** ******.
*** * **** ******** ******* *** Avigilon ******* ******* ****** *** ****** and *******, ******* *** *** * doesn't **** ** ***** * *** of ********* *** *** ****** ***** issues ****** *** **** ** *** gut.
**** ***** ****** ******* **** ** supply ******? ****, * **** **** and ******* *** ** *** **** boat.
** ** *** *** ******** ** reading ****, *** **** **** **** they **** **** ***** *******! * cannot **** ** **** ***** ***** solutions.
******** *
*** ****** *
** ***** *** ***** **** *** Avigilon ***** *****... **** **** * bad ***** ** ******** ***** ** that ******** ***** *** ***** *** $0 ** *********** *** *****.
*** *** ****** ******* *** ********* the *********** *** ******** ****** ***** ** ********* ********** ** what *** **** **** **** *** Ava's ****** ******:
********** ******* ** ** ******* *** team ********** *********! **** **** ** **** ******* rocket **** ** *** *** **** 🚀
#*******- *** ****! **** *** **** episode!
*** *** **** ******** ******** ***** surveillance ************* ************ *** ****, ****** ************ *** deal ** ******** ** *****:
**** **********, ***** *** *** ********* in *** **** *** ********! ** couldn’t ** **** ******* ** **** your **** *** ******* **** *** better ********* ** *** ******** *** customers.
***** **** ** **** ** ****, its ****** ****** ***** *** ******** when ** *********** ***** ***** :)
** ** **** **** **'* ****** plate. ** ******* ** ******* (*) it's **** *** *******'* *** *** (2) ***** ** ***** *** *** a ***-****** ***** *** ********* **** indicates *** *** *******, ***. *** this *** ** ********.
* **** ***** **** *** **** we *** ***** ******** *** ***** cameras **** *** ********. ****** ***** different **** ** ****** **** ** storage *** ***** ********** ***** **** improvement *** ***.
***** **** **** ****** ** ********* everything; *********** ***** ****** *** *****.
** ******* *** ***** ********** ***** be * ******* *** *** ** well. ********* **** *********** ***** ******* ACC/ACS *********.
************ **** ***** * **** ** OEM ******** *******, * ***** ****** Envysion *** *** ** ****** **** at **** *****.
********, *** *** ******* **** ** house ** ** ***? ***** **** they **** **** **** ***** ********** Avigilon's **** ***** ****. **** **** a **** * **** **** ******** has ******.
**** ******* **** *** **** **** Avigilon *****'* **** *******?
* ***** ***** ** ******** ******* have *** ** ** *** *** firmware ** ***** *** **** **** long.
*****, ******* *******. *** * *** of ********* ** ********'* ******* ********* for ****.
*******'* **** **** *** ********** ********* and *** **** ** ******* ***** all ********.
********, *** *** ******* **** ** house ** ** ***? ***** **** they **** **** **** ***** ********** Avigilon's **** ***** ****. **** **** a **** * **** **** ******** has ******.
*** *** *** *** ****** ***** camera.
******** *** * ***** **** **** camera **** **** ******** ******* *** resolution *******.
*** **** ******** *** *** *** bits *** ******, *** ********* **** they **** * ***** **********/ ******* strategy ****** *******, ** **** ***'* have ***** ********* ******* ***** ************* each *****. ** ******** ******* *** an ***** *** *******, *** ** were ******** *** ** ** ******** alternative.
* **** ** **** ** ** Motorola, **** ********* **** ** ****** companies ** ******** ****. **** ** clearly *** ****** ** ***** **** around ** ************. ** *** ** the ************* ****** ** ******** *************, Canon ** *** **** *** * see ** ***** ** *** **** realm. **** ** *** ****** *** buying *********, ******* **** ***, **** dumping * ********** ****** ***** *** road.
***** ** *** **** *** * see ** ***** ** *** **** realm.
*******, ******* ***** *********** *** * ***** ago (********). ***** **** **** **** **** but ****'** **** **** ****** ********.
** *** *** ****** ***** *** a **** ***? ***** *** ** a **** ***** **** *** *** Clovis ************* ***** *** ****** **** and *** ********. ********** ** * average ***, ***** **** *** ****** to ******* ********** .
**** *** *** ***** *** ****** into ****** *** *** * *** o ****.
** *** *** ****** ***** *** a **** ***?
******** *** ********** ********** ***** *** its ***** *************,**** *****, *.*.:
***** *** ******* *** ** ** acquisition **** ******** ***** ** ** "critically ********* *** *** ******* ********** business":
** ****** ***** *** ***** *********** and **** **** ***** ** ***** of ******** ******* ********** *********, *** we ******** **** ******** ** * refresh ** **** *********, ***** * think **** ** ********** ********* *** our ******* ********** ********. ** ********* with *** ****** **** ****** ************** Act ** **** *** ******.
* ***** **** ***** *** *** my *******. *** **** **** ******** with *** ***** ******** *** *** what **** ********* ** *** * do ***** ***** *** * ****** buy. ** **** ********* *** ******** was ** *********** ** ******* *******. There **** ***** **** ****** ** Pelco **** ***** ****** ***** *** purchase… * ***** ********* ****** *** too ******* ** *** **** ******, patents, *** *************. ************ ** * more ************ *** *** ** ******* who *** ***** **** ** ************ product ** *** ****. ***** ***** has * ****** ***** **** **** all *** ****** ********* ***.
*********** ******* ** *** ******** ****. It ** **** **** **** *** an ********. **** **** ** ******* that ** ******* *** ******* **** 10% ****** *****. ***** ****** ** room *** ******!
* ****** ** ******** ****** *** discussion **** * ******* **********…
*** ***, ***’* **** ***** ********* for *** ****** ** ********** ****** technology **** ***’** *****….
************* ** ***** *** *** ** you ***** **** **** ** ** us *** **’** ***** *** *** back ***** ********* ****** *** ****?
* ****** ** ****’* *** **** only *** $****?
* ***'* ***** ******** **** **** tactic **** ***.
***, ** **** ******* *****, ******** is *** ********* ** ** ***** competitors, *.*.,******** **** *******, ***** *** ** Importing ******* ******* ** *** ********* ********** ************* **** *******
* ***'* ***** ******** **** **** tactic **** ***.
******** **** *** ******* *** ******** for ************…
**** * ****, *** **** ******* Valens **** *** ****.
* ******* * **** ** **** the ********** ************* ** *** ********. How **** ***** ** **** **** 3 ****** ** ******* ** **** from?
**** ** **** **, ** *** Ford ******** *** *** ******? *** there *** ****** *** **** ***** up *** **** ******** ******** **** is ********** ** *** ******?
****** ****. ******** ******* **** *** space ** **** ********* ******* (***** Ava *******).
*** ****** *** *** **** ***** for * *****. ***** *** ******* line ****'* **** ********* ** ** lines - * ****** ** ****'* gain **** ********.
***, ****'* *** ****** * ******** why **** **** ****'* ****** / improve ******** ** *******.
** ***** (** ****** ***********) ** that *** ******* **** ** **** to ***** **** **** ******** *** VMS ** ******** ******** ********* (**** at ***** **** ** **** **** Ava *********) *** ******* **** **.
******** ** *** *** ***…
*** ** *** *** ******* ****** for ***** ******** (*** * ***** them)
**** ** *** ******** *** *** supported ***** ***** *
* *** ** ********** * ********** to ***. * ***** **** ****** have ******, *** *'* **** **** they **** *** **** ***. * would **** *** **** ** ***** about ** **** *** ****** *********** and ******.
**'* **** **** *** *** ** acquired ******* (** ***** ************ ** pretty **** *** ********) **** ***** growth, ********** *** ********* ***** *** the **** ****. * *** ***** of ******* ** *** ******** **** have ****** ***. ********, *****, *****, SmartVue *** **** **** **** *** top ** ****.
* ******** *** ******* *** ********* team *** **** **** ******** *****. I ******* ** *** ********* ********, but ** ***** *** **** **** right.
* **** *** **** * ***** that ******* ******** *** *** *********** to ** ********** ** **** *****, but ** **** **** * **** time *** **** **** **** ** be *******.