Vivotek Delta Acquisition Concludes

Author: John Honovich, Published on Oct 02, 2017

On August 8, 2017, Delta Group made an offer to acquire Vivotek.

Now, the acquisition process has concluded.

Inside this note, we examine the conclusion, the ownership details, share feedback from Vivotek management, concluding with an analysis of the potential impact to Vivotek and how this fits with the ongoing race to the bottom and to safety.

** ****** *, ****,***** ***** **** ** ***** ** ******* *******.

***, *** *********** ******* *** *********.

****** **** ****, ** ******* *** **********, *** ********* *******, share ******** **** ******* **********, ********** **** ** ******** ** the ********* ****** ** ******* *** *** **** **** **** the ******* **** ** *** ****** *** ** ******.

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

Delta ***** ***********

***** ***** *** ******** **.**% ** *******'* ******, ********* ** Vivotek. **** **** **** ***** *** *********** *********** (******* ** Techwin / ****** *** ********* / ******* **********). ******** ** Delta's ***** *********** ** *******, *******'* ***** ********* *** ***** diverse **** *** ******* * ************ **** ****** ~*/* ** the *******, ** ***** **** **** ***-*********** ****** ***** ****** chart:

Board *******

******* ***** **** ***** ***** ** ********* ******** ******** * months *** *** *** **** *** ** *** ******* ***** next ****, **** ***** *** **** *** ****** *** ***** seats. ******* ***** **** "*** ******** ************ *** ********** **** is **** ** **** ***** ***** *** *********** ***********."

Delta's ****

*****'* ******** ********* *** ******* **** ** ** ** ***** 'M&A ********' *** **** ******* ***** ******* "*** *****-***** ************ of [*****'*] ******** ********** *********", ******** * ********* ********:

  • ********: "******* ******* *********** ********* ******* ** ********** * ****** spectrum ** ************"
  • *****: "******** *****’* ******* ****** ******** *** ****** ******** ** boost *** ***********"
  • *************: "******* **** *****’* ********* ************* ******* *** *********** *********** bargaining *****"

Who ** ***** *****?

***** *****(** ******** ** ***** ********) **** ~$* ******* ****** ******* and ** *** ** *** ~** ******* ********* ** ******, though **** *** **** *********** ** *** ****. *** ******* is ************* *** ********* * ***** *********** ************, ****** **** have **** ********* **** ***** *******, **** ** **********, ***** Vivotek ***** ** ******.

***** ******* ********* ***** ********** ** *** ******** ** ***** 3 ********:

*** *******'* ********* ***** ***** * ***** ** ***** ***** and *********. ****** **** ****** ** ** ** ********** *** only * ****** ************ ******* *******, ********** *** ***:

Vivotek ********** ********

******* ******** ******** ** **** ** *** ***********, *********** ************:

******* **** **** ** ** *********** ****** *** * ***** listed ******* **** *** **** ********** ****.

************ ***** ** *********, **** *******:

*** ******* ************ ********* **** **** ****** *********, ***** ** leverage **** ***** *********** **** ***** ********* ********** *** ******** capabilities ** ********* * ******** *** ******* *********.

*** ***** ***** *** ***** ***** ********, ********* ** *******:

******* ***** **** **** ****** ** *** ************ ******** *** our ***** ** ******** *** ******** ************ ********* **** *** changed.

** *** **** ****, ******* ********** *** ********* ******** ** products *** ************* **** ***** ***** ** *** ****.

Financials *** ****** *********

******* ********* *********** *** **** ********** *****, **** * **% CAGR **** *** **** * *****, ***** **** $** ******* in **** ** $*** ******* ** **** (*******'* ************ ******* *********). ***** *********** ** ** ~**% ****** ******* *** **** ~**%.

*** *********** ***** ****** ******* ** * ****** ************** ** ~$270 ******* ***, ~*.* ***** ***** **** *****. **** ** a ****** ********* *** * ******* **** ********* ** **** revenue *** ******* ******** ** ************* ** ***** ******** **********.

*******'* ****** ********* ** ***** **** **** **** **% **** its **** ** ****:

Competitive *********** ** *******

*******, ****** ***** ************ ************* **** **** **** **** *** by *** **** ** *** ******* *** *** **** ** the ******. ******* *** **** ********** **** *** *** ****** the ******* ****** ***** ************ ************.

** *** ***** ****, ****** **** ******, ******* *** ******* to ** **** ** ** *** ******** *** ***** ****** rather **** * **** ****** ** ****** ********, ** ***** cost ******* **** ********* *** ***** ******** **** ***** *** more ********** ***** *** ********* ************ **** ****** ***** *******.

Race ** ******

** ******* *******'* **** **** ** **** ** ** ******* 'race ** ******' **** ** * ******** ** *** **** to *** ******. *********** *********, *** **** *******, *** ****** the **** ********** **** ******* ****** *** *** *********** ** Hikvison *** ***** ** ***** ** ******* ** ***** *** marketing. ******* ** ** **** *** ********* ******* *** ** Canon ********* ******* *** ** ****** *******, ****** '*********' ***** ************ **** *****, ********* **** *** **** * ****** / **** ******* entity ** ******* **** ****** **** **********, *** ****** **** as * *******.

******* ******* *** ******** ***** "**** **** *** *** ******* race ** *** ****** **** ** *******'* ********?" ******** ** repeat *** ***** ****** ***** ********** *** ********** ********. ** do ***** **** ***** *** ******* ********** ********, ** **** are ~*** ****** **** ******* *** **** ********* ***** ***** help **** ** ******** ************* *****. ** *** ***** ****, the ****** ******* **** *******'* ******* ***** ***** (**** ***** than ******* ********, *.*., *** ***** ******** ****** ********* ******** such ** ******* ** ****) ** * **** **** ******* saw ********** ***** *********** *** *** ** *** ******.

Automation *** ***** ************ ************ **** **********

***** ********** *** ***** ************ *** **** ********* ******* ** larger *************, *** *********** ** *********** ** ***** ******* *** remained * ***** **** ** *** ******* ***** ************ ******, as ***** ******* *** ********* ****** *** ******* **********. ******* this **** ****** **** *** ********* ** '***' *** **** devices ******** *** ***** ************ ************* **** ********* *** **** able ** **** ** ********** ** * **** ****** *** significant *******.

How **** ** ****?

** ****** *** *********** *** ** **** * *********** ****** on *******, ********** *** ** *** ***** ****. ** *** extent **** ***** ****** ******* ** ****** *********** ** ******* emphasizes, *****'* ******** ********* *** ************* ***** ***** **** ******* better ******* ** **** ********** ******.

** ***** ** *** ****, ** ** *** ****** **** of ******** **** ***** **** ** ***** ** ***** ** channels ***** ***** **** *** **** * ****** ******** ** automation *** * ****** ******* ***** ** ****** / **** Vivotek.

****, ***** *****'* ***** ** **********, ** ***** ******* ****, it ***** ******* **** ******* **** ***** **** ** * niche ****** ** **** *******, ****** **** ******** ** **** market ********, ***** ***** ******** ***** ****** ******* ********.

[****: **** **** *** ***** ******** ** ****** **, **** and ******* ** ******* ** ******* *** ********** ** *** deal.]

Comments (14)

Thumbnail 3

Claudio Almeida

08/10/17 02:38pm

"...******* **** **** ** ** *********** ****** *** * ***** listed ******* **** *** **** ********** ****."

****! **** ****** *** ****...

******* ***** *** *********** **** ***** **** ******* *** ** least *** *****?

John Honovich

IPVM | In reply to Claudio Almeida | 08/10/17 02:48pm

******* ***** *** *********** **** ***** **** ******* *** ** least *** *****?

*******:

***** ********, ******** ** ******** ****/****, *** *** ** *****/********* still ***** **** ***** *****.

****, ******** ** ***** ****, ********* ** ********** ******* ** is.

**** *********, ******** ** ***** * ***** ***, **** ***, still *** ** *** **** *** ******.

***, *********** ***** ***** **** ** ****, *** *** **-******** /********** **** **** ***** *** * **** ****-***.

*** ** ***, * ***** **** ********* ********** ***** ****** but * *** ** **** *** ** ** **** *** the ******** **** *** *******. *** *** ***** ********* *** deal ***** ** ** ******* **** **** ** *** ** a ********** ***** ***** ** * ****** *********** ** ********** staying. ** ********, ** ***** *** ****** **** **** ****** the '**********' ** ******* **** **** ******** ********, ********** ** management **** ******* ****** *** ***** ** **** ****.

Thumbnail 3

Claudio Almeida

In reply to John Honovich | 08/10/17 03:43pm

***, ****, ***'** *****.

*** *'* ****** *** **** ** ***** ********* *** ******* everything ** **** ******. *** *** ***** ***** ** ***** companies *** ********* *** ******** *********.

*** ********, ********* ******** *****; **** ***** ******** ***, ***, American ******** *** ******

** ***** **** ** ******, ***** ********* ****** *********** **** the ******

*** ******** ******* ********* ********* *** ***** ****, **** ******* to ******* *** ********* ******.

**** *** *******.

Undisclosed #2

In reply to Claudio Almeida | 08/11/17 11:58pm

** ************ ****, *** ** ***** ** *********** ** *** the ********** ** ************ ***** ** *** ******* ****** *** acquired ******* **** ****** ***********. ** ** **** ***** ** made, **** ** *** ******** ** ******* ***** ***** ** fairly ******** *******.

***** ** * **** ******* ***** **** ****** ** **** been ********** **** ********* ******** ****** **** ********** ** *** as ** *********** ************ ***** * ****** ************.

Thumbnail 3

Claudio Almeida

In reply to Undisclosed #2 | 08/14/17 03:12pm

"***** ** * **** ******* ***** **** ****** ** **** been ********** **** ********* ******** "

* ***** *** ****** **** ** **** **** ***** ** "Pelco... **** **** ************* ** ********** ********"

Undisclosed Manufacturer #5

In reply to Claudio Almeida | 08/14/17 03:16pm

*** *** **** ** * ****** ****** ******** ** ******, and, **** ** *** ****, *** *********** **** **** ***********. Delta **** ** ****** ****** **** *-***** ********* ********, *** perhaps ** *********** ******* **** ****** **** ****** *****, ** well ** **** ******* ******* ** ******* **********, *** ** far ** **** *******'* ********* ***, * ***** ****** **** little ******.

Undisclosed Manufacturer #1

08/11/17 08:39pm

***** ****'* **** ** ***** ****** ****... ** ****'** *** that ***** *** ****.

:)

Tim Pickles

Optyma Security Systems | 08/14/17 07:21am

*'* ******** **** **** ** **** ***. ****, ** ** all ****, ****** **** ********* *** ********* ** ***** **** - *** **** ** ***** ********* ******** *** ********** ******** model.

**** *** ********* ******* ** **** ** **** ****** **** the ****** **'* ****** ****, **** ** ***** **, **** may **** *** **** *** ***** **** ** **. **** make ** ****** ** ***-**** ** * ***** **** **** should *** ******* ******** ** ** **** ** ** * significant *****.

*** ***** ******** ****** ** * ****** ****** ** ******** not ********** ** *** **** ****** ***** **, *******, * little **** *********. ****** **** ****, *** ********* *********** ** Ademco/Micro-tech ***** ***, **** *** ****** ******* ******** ********* **** next ** ** *********** ** **** * ****** *** ** follow * ** **** ** ****. *'* ******** **'* *** arrogant ***** ******** ** *** **********/*****, ****'* *** ********** ****. They *** * ******* ***** **** **** *** ********* **** but *** **** **** *** ***** ** ******* ********.

Undisclosed #3

In reply to Tim Pickles | 08/14/17 08:21am

*'* ******** **'* *** ******** ***** ******** ** *** **********/*****, that's *** ********** ****. **** *** * ******* ***** **** from *** ********* **** *** *** **** **** *** ***** in ******* ********.

** ****'* ****, *** ***** *** **** ** *** ** an ****************;)

Undisclosed Integrator #4

08/14/17 02:37pm

**** ******* ******* ** **.**** **.

John Honovich

IPVM | 10/02/17 06:11pm

****** **/*/****:

***** ***** *** ******** **.**% ** *******'* ******, ********* ** Vivotek. **** **** **** ***** *** *********** *********** (******* ** Techwin / ****** *** ********* / ******* **********). ******** ** Delta's ***** *********** ** *******, *******'* ***** ********* *** ***** diverse **** *** ******* * ************ **** ****** ~*/* ** the *******, ** ***** **** **** ***-*********** ****** ***** ****** chart:

Board *******

******* ***** **** ***** ***** ** ********* ******** ******** * months *** *** *** **** *** ** *** ******* ***** next ****, **** ***** *** **** *** ****** *** ***** seats. ******* ***** **** "*** ******** ************ *** ********** **** is **** ** **** ***** ***** *** *********** ***********."

Undisclosed #6

10/03/17 04:20pm

***** **** ****** ******** ***** ******* ***** *** ******* ****** for ****?

John Honovich

IPVM | In reply to Undisclosed #6 | 10/03/17 09:08pm

** * ******* *********, * ** *** *** *** **** move ***** ****** *** ******* ********* ***** ***** ***** *** no **** *********** ***** / ******** **** ***** *********.

Undisclosed Integrator #7

10/05/17 10:21pm

***** ****** ****:

******* ***/** ***** *** ** ** **** *************.

* **** *** ******** ******** ** **** *** */* ******** 3 ****** ***. ** ******** **** *** ***** ********** *** with ********* *** **** "*******" **** ** * *** *****. I ***** *** ** ** ***** **** **** **** ****** and ** *** "*******."

***** *** **** *******?

*****.

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

Hikvision USA Starts Layoffs on Sep 18, 2018
Hikvision USA has started layoffs, just weeks after the US government ban was passed into law. Inside this note, we examine: The important...
Favorite Intercom Manufacturers 2018 on Sep 14, 2018
Intercoms are certainly increasing in popularity, driven by the integration of video and IP networking. But who is the favorite? On the one side,...
VMS Export Shootout - Avigilon, Dahua, Exacq, Genetec, Hikvision, Milestone on Sep 13, 2018
When crimes, accidents or problems occur, exporting video from one's video surveillance system is critical to proving incidents. But who does it...
Ambarella on Computer Vision and US Hikua Ban on Sep 10, 2018
Ambarella, a widely-used video surveillance component supplier, is betting on the rise of computer vision and is already seeing a sales impact from...
Stanley Security Acquires 3xLogic, Kushner Becomes Product President on Sep 10, 2018
Stanley Security acquired 3xLogic a few months ago. However, the company has still not officially publicly announced it, leading many to wonder...
Dell Launches IoT for Surveillance on Sep 05, 2018
Historically, Dell has been a PC and server provider (e.g., "Dude, you're getting a Dell") and widely used for surveillance storage. However, in...
Hikvision FIPS 140-2 Cybersecurity Certification Examined on Aug 27, 2018
A week after the US government passed a law banning Hikvision, Hikvision announced it had obtained a FIPS 140-2 certification from the US...
Ligowave Wireless Profile - Ubiquiti Competitor on Aug 27, 2018
Ubiquiti has become the most common choice for wireless in video surveillance (see Favorite Wireless Manufacturers) but not without controversy and...
ISS VMS / Video Analytics Company Profile on Aug 16, 2018
Who is ISS? In the past few months, they had one of the craziest ISC West promo items in years. Then, they hired industry veteran and ex-Dahua...
Dahua NA Consolidates Rep Firms Led By Ex-FLIR Team on Aug 01, 2018
When Dahua acquired Lorex / FLIR SMB, Dahua NA had 11 manufacturer rep firms and FLIR had another 6. Now, Dahua NA, led by the ex-FLIR team, has...

Most Recent Industry Reports

Alexa Guard Expands Amazon's Security Offerings, Boosts ADT's Stock on Sep 21, 2018
Amazon is expanding their security offerings yet again, this time with Alexa Guard that delivers security audio analytics and a virtual "Fake...
UTC, Owner of Lenel, Acquires S2 on Sep 20, 2018
UTC now owns two of the biggest access control providers, one of integrator's most hated access control platforms, Lenel, and one of their...
BluePoint Aims To Bring Life-Safety Mind-Set To Police Pull Stations on Sep 20, 2018
Fire alarm pull stations are commonplace but police ones are not. A self-funded startup, BluePoint Alert Solutions is aiming to make police pull...
SIA Plays Dumb On OEMs And Hikua Ban on Sep 20, 2018
OEMs widely pretend to be 'manufacturers', deceiving their customers and putting them at risk for cybersecurity attacks and, soon, violation of US...
Axis Vs. Hikvision IR PTZ Shootout on Sep 20, 2018
Hikvision has their high-end dual-sensor DarkfighterX. Axis has their high-end concealed IR Q6125-LE. Which is better? We bought both and tested...
Avigilon Announces AI-Powered H5 Camera Development on Sep 19, 2018
Avigilon will be showcasing "next-generation AI" at next week's ASIS GSX. In an atypical move, the company is not actually releasing these...
Favorite Request-to-Exit (RTE) Manufacturers 2018 on Sep 19, 2018
Request To Exit devices like motion sensors and lock releasing push-buttons are a part of almost every access install, but who makes the equipment...
25% China Tariffs Finalized For 2019, 10% Start Now, Includes Select Video Surveillance on Sep 18, 2018
A surprise move: In July, when the most recent tariff round was first announced, the tariffs were only scheduled for 10%. However, now, the US...
Central Stations Face Off Against NFPA On Fire Monitoring on Sep 18, 2018
Central stations are facing off against the NFPA over what they call anti-competitive language in NFPA 72, the standard that covers fire alarms....
Hikvision USA Starts Layoffs on Sep 18, 2018
Hikvision USA has started layoffs, just weeks after the US government ban was passed into law. Inside this note, we examine: The important...

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