Securadyne CEO: IPVM 'Entertaining For An Ignorant Few'

By John Honovich, Published on Apr 16, 2019

Securadyne's CEO Carey Boethel is unhappy with IPVM's report - Failed Integrator Rollup, Securadyne Sells to Guard Giant Allied.

entertaining for the ignorant few

Indeed, he responded to IPVM declaring:

Nice article today. Wrong on multiple accounts and totally ill-informed. But I suppose it was entertaining for an ignorant few.

In fairness, that is a clever put-down... for a 10-year-old.

Thorough Reporting

His problem is we provided a thorough, well-documented, report with 20+ citations, covering his company's last 8 years, showing how Securadyne stagnated for many years, failing to achieve their plan.

To summarize our report, their plan, disclosed at the time of the investment, was to acquire various integrators and achieve a national footprint. They never achieved a national footprint and they stopped acquiring integrators 5 years ago, so they did not achieve their plan. As late as 2016 Boethel said their plan was to get to a "projected $90 million by 2017". That plan failed too and we know this because Allied, in the acquisition announcement, showed Securadyne 2018 revenue to be just $73 million, less than Securadyne's revenue in 2014.

No Counter Argument Made, Just Disparagement

Boethel did not respond with any facts nor details to contradict or disprove our reporting nor citations.

Get Notified of Video Surveillance Breaking News
Get Notified of Video Surveillance Breaking News

Instead of actually and factually responding to our reporting and critique, Boethel chose to disparage us.

Exposing Hype

One important lesson is to be skeptical of hype, as an integrator observed:

Wasn't Securadyne one of the security industry's rag mags golden child not that long ago? You know, #1 of the Fast100 or something like that. I know the general rule in the industry mag world is that you gotta pay to play, but the sheer amount of smoke and mirrors that is probably being pushed out ... Oh well ....

Securadyne got tens of millions of dollars from a financier to buy out integrators, used that to generate media hype while working integrators got to work in the trenches.

Dealing With Problems

Our advice to Boethel and other executives with problematic businesses is to acknowledge issues maturely and explain how the company is going to improve.

It might feel good for a few minutes to disparage a critic but you will achieve more, in the long-run, by thoughtfully assessing and properly explaining what went wrong and how those experiences will help improve future strategies. 

Ignorant Few vs Open Secret

The irony of all this and Boethel's 'ignorant few' comment is that executives we spoke to, both before and after the deal, widely knew of Securadyne's and Boethel's problems. This had been an open secret.

Comments (41) : Members only. Login. or Join.

Related Reports

Verkada: "IPVM Should Never Be Your Source of News" on Jul 02, 2020
Verkada was unhappy with IPVM's recent coverage declaring that reading IPVM...
South Korea Bus Outdoor Temperature Screening Endangers Public on Aug 26, 2020
These $80,000+ South Korea bus stations have gained world-wide attention but...
Worst Over But Integrators Still Dealing With Coronavirus Problems (June Statistics) on Jun 30, 2020
While numbers of integrators very impacted by Coronavirus continue to drop,...
FLIR CEO: Many New Fever Entrants "Making Claims That The Science Just Won't Support" on Sep 22, 2020
FLIR's CEO joins a growing number calling out risks with fever / screening...
Anixter Runs Fake Coronavirus Marketing Using Shutterstock Watermarked Images on Jul 24, 2020
Coronavirus faked marketing is regrettably commonplace right now but Anixter...
Faulty Hikvision Cali Colombia Fever Camera Implementation on Jul 20, 2020
The mayor of one of Colombia's largest cities has promoted a faulty Hikvision...
ADT Slides Back, Disappointing Results, Poor Commercial Performance on Aug 06, 2020
While ADT had an incredible start to the week, driven by the Google...
Worst Manufacturer Technical Support 2020 on Oct 15, 2020
4 manufacturers stood out as providing the worst technical support to ~200...
ZKTeco SpeedFace+ Are Medical Devices, Per FDA Definition, Contrary Claims Are False on Jun 12, 2020
ZKTeco SpeedFace+ series products are medical devices as defined by the US...
The NOT Outstanding Security Equipment Manufacturer 2020 on Oct 02, 2020
The "OSPAs" promised to be credible, transparent, and respectable. They have...
Dahua USA Admits Thermal Solutions "Qualify As Medical Devices" on Jul 02, 2020
Dahua USA has issued a press release admitting a controversial point in the...
Dangerous Hikvision Fever Screening Marketing In Africa on Sep 15, 2020
A multi-national African Hikvision distributor is marketing dangerously...
Verkada Falsely Claims "First Native Cloud-based Access Control and Video Security Solution" on Jun 18, 2020
Verkada's false claims continue, this time to be the first native cloud-based...
Temperature Screening Is Ineffective, Says US, UK, Canada, Israel, And Ireland Health Leaders on Aug 25, 2020
Health leaders around the world are increasingly speaking out about the...
Vape Detection Legal Battle: Soter Sues IPVideo Corp on Jul 22, 2020
The crosstown vape detection rivals are now in a legal battle. While IPVideo...

Recent Reports

Panasonic Presents i-PRO Cameras and Video Analytics on Oct 19, 2020
Panasonic presented its i-PRO X-Series cameras and AI video analytics at the...
Augmented Reality (AR) Cameras From Hikvision and Dahua Examined on Oct 19, 2020
Hikvision, Dahua, and other China companies are marketing augmented reality...
18 TB Video Surveillance Drives (WD and Seagate) on Oct 19, 2020
Both Seagate and Western Digital recently announced 18TB hard drives...
Watrix Gait Recognition Profile on Oct 16, 2020
Watrix is the world's only gait recognition surveillance provider IPVM has...
Intel Presents Edge-to-Cloud Ecosystem for Video Analytics on Oct 16, 2020
Intel presented its processors and software toolkit for computer vision at...
Best Manufacturer Technical Support 2020 on Oct 16, 2020
5 manufacturers stood out as providing the best technical support to ~200...
Microsoft Azure Presents Live Video Analytics on Oct 15, 2020
Microsoft Azure presented its Live Video Analytics offering at the September...
Worst Manufacturer Technical Support 2020 on Oct 15, 2020
4 manufacturers stood out as providing the worst technical support to ~200...
Clorox Announces, Then Pulls, Fever Camera on Oct 15, 2020
For almost one week, Clorox was marketing fever cameras. The booming...
Faulty Hikvision Fever Cam Setup at Mexico City Basilica and Cathedral on Oct 14, 2020
Donated Hikvision fever cameras (claiming screening of 1,800 people/min. with...
Directory of 209 "Fever" Camera Suppliers on Oct 14, 2020
This directory provides a list of "Fever" scanning thermal camera providers...
Avigilon UMD / UAD Tested on Oct 14, 2020
Avigilon's Unusual Activity Detection and Unusual Motion Detection claim to...
Longse Promoting Hikvision Partner Fullhan Chip Based Cameras on Oct 14, 2020
With Huawei HiSilicon production being shut down at TSMC, camera...
Meridian & Goodview (BEMS Relabeller) Temperature Screening Tested on Oct 13, 2020
A lot of temperature tablets look exactly alike and that is because they use...
Monitoring Alarm Systems From Home - Innovation or Danger? on Oct 13, 2020
Remote monitoring by alarm companies since COVID-19 is bringing cost savings...