Consolidation persisted in the physical security industry in 2018, and big companies such as Motorola, Canon and UTC continued to make moves. Also among the mergers and acquisitions (M&A) news in 2018 was a high-profile bankruptcy (that ended well), continuing consolidation in the integrator market, and the creation of a new entity called “LenelS2.”
Los Angeles, CA (December 17, 2018) – Arecont Vision Costar, the leader in network-based video surveillance solutions, announces that COM-TECH Systems, Inc. has joined as a new Authorized Manufacturer’s Representative for the US Southeast region.
Los Angeles, CA (December 10, 2018) – Arecont Vision Costar, the leader in network-based video surveillance solutions, announces the signing of TMG Sales Agents, Inc. (TMGSA) as a new Authorized Manufacturer’s Representative. TMGSA will be focused exclusively on increasing sales support to customers and prospects in the state of Florida.
Los Angeles, CA (December 3, 2018) – Arecont Vision Costar, the leader in network-based video surveillance solutions, announces the addition of Bongiorno and Associates, Inc. as a new Authorized Manufacturer’s Representative. The company will provide additional sales resources to the Arecont Vision Costar team in the North Eastern United States, including the New York City Metro Area.
Los Angeles, CA (November 27, 2018) – Arecont Vision Costar, the leader in network-based video surveillance solutions, announces the appointment of John Sprague as Regional Sales Manager. Mr. Sprague is responsible for customer and partner sales support across the Northeastern United States and Eastern Canada. The company is a new business unit of Costar Technologies, Inc. (OTC Markets Group: CTSI) that first launched on July 13th, 2018, and is continuing to expand its sales and support teams across the Americas.
A reporter in India, speaking in Hindi, reports on a new Smart Fence installation for border security. Arecont Vision Costar cameras have been deployed for the Comprehensive Integrated Border Management System (CIBMS) in Jammu, India. A Station Police Officer is shown in the video, demonstrating Arecont Vision Costar cameras to the press.
To say that 2018 has been an eventful year for Arecont Vision would be an understatement. Over a four-month stretch earlier this year, the company – an industry pioneer in the development of high-resolution megapixel cameras, expanded its product lineup to include video recorders, video management software and cloud-based web management services with the launch of its Contera solutions, filed for Chapter 11 bankruptcy protection as part of a restructuring effort and was later acquired by Costar Technologies.