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Pivot3 eyes service and software for growth

CEO Rich Bravman calls goal 'imminently doable'
 - 
02/27/2013

AUSTIN, Texas—Pivot3, a $31 million provider of storage appliances for video surveillance and virtual desktop infrastructure (VDI), plans to increase the percentage of its revenues that it derives from services to north of 25 percent, CEO Rich Bravman told Security Systems News.

Vivint in top 50 of Forbes’ top 100!

 - 
Wednesday, February 20, 2013

Vivint made it into Forbes’ annual ranking of America's Most Promising Companies this year, marking the first time the Provo, Utah-based home automation/home security company was named to the exclusive list.

And with a ranking of 46 out of the 100 privately held companies listed, Vivint—which bills itself as the largest home automation services company in North America--actually made it into the top 50 of those successful businesses.

Revenue growth and hiring are two factors used to determine which companies make the list. Forbes lists Vivint’s revenues as $400 million and the number of its employees as 2,533.

Pivot3, an Austin, Texas-based provider of video surveillance storage solutions, is the other security company on this year’s list. Ranking #74, Pivot3 has $31 million in revenue and 92 employees, according to Forbes.

Vivint President Alex Dunn told Security Systems News, “It’s really nice to have third-party validation of what we're trying to accomplish … and it will help bring credibility to our strong management team and the company. But, in the end our success is not based on what awards we win and don’t win, but on how we take care of our customers and how we innovate around products and services [ensuring they’re] simple to use and affordable.”

Here’s more from Vivint’s news release on the Forbes’ list.
 

Vivint's inclusion on Forbes' list comes after a momentous year for the company, in which it crossed the threshold of $30 million in recurring monthly revenue--one of only three companies in its industry to achieve this milestone. Since 2007, the company has experienced a growth rate of 400 percent. Acquired in 2012 for more than $2 billion by Blackstone [http://www.securitysystemsnews.com/article/blackst..., Vivint was selected to the Forbes list for its growth (in both sales and hiring), the quality of its management team and its investors, product strength, margins, market size, and key strategic partnerships.

One metric never says it all. For the Most Promising list, Forbes strove for a holistic gauge of young, privately held companies, trying to pin down their trajectories by looking at a slew of variables. Over the course of six months, Forbes reviewed thousands of applications. Forbes turned to CB Insights, a Manhattan-based data research firm that specializes in assessing private companies, to refine the search. Their MOSAIC software scans 45,000 sources to measure a company's health. A new distribution deal, for example, marks a positive signal, while the loss of an executive is a negative. MOSAIC gathers those myriad signals into a final score that Forbes uses as an initial guide in producing the list. After verifying sales numbers, speaking with each company and debating their merits and blemishes, Forbes produces a final ranking.

To view the complete 2013 list of America's Most Promising Companies, visit www.forbes.com.

 

Pivot3 named to Forbes list of most promising companies

 - 
02/07/2013

AUSTIN, Texas—Pivot3, a provider of video surveillance storage solutions, has been recognized in Forbes’ annual ranking of America’s most promising companies, according to a company statement.

Genetec certifies Pivot3 storage solution

 - 
12/11/2012

MONTREAL—Genetec, a provider of IP solutions for physical security based here, expanded its list of qualified storage solutions with the certification of Pivot3 vSTAC Watch storage and computer appliances, according to a company statement.

Pivot3 expands services to integrators

Following profitable year, storage provider restructures sales, offers IT consultations
 - 
12/07/2012

AUSTIN, Texas—As it moves into its 10th year in business, serverless storage provider Pivot3 has restructured its sales force and added new services for integrators.

Samsung and Pivot3 team up on video surveillance solution

 - 
11/27/2012

RIDGEFIELD PARK, N.J.—Samsung Techwin, a supplier of video surveillance and security products, announced a partnership with Pivot3 wherein the companies will offer a unified IP video surveillance solution, according to a statement from Samsung Techwin.

Samsung goes with FaceFirst

Samsung interested in making financial investments in technology partners
 - 
10/10/2012

RIDGEFIELD PARK, N.J.—As part of its new strategic partner initiative, Samsung Techwin America is integrating megapixel cameras with facial recognition provider FaceFirst.

Storage capacity: Just can’t get enough sometimes

Asking the right questions and getting the calculation right
 - 
09/26/2012

In certain industries such as gaming there are very specific, mandated rules about the length of time that video needs to be retained. That should make calculating storage needs easy, at least for that vertical market, right?

Not necessarily.

Pivot3 gets $23m, new investor

New infusion, led by Samsung, brings total investment to $100m
 - 
02/08/2012

AUSTIN, Texas—Pivot3 on Feb. 8 closed on a $23 million round of new equity funding, which brings total investment in the unified storage and compute company to $100 million since the company was founded in 2003.

Personnel changes at Diebold, Pivot3

 - 
Tuesday, November 1, 2011

Pivot 3 has a new CEO, and Diebold is looking for a new leader of its security division, according to announcements, released today by the two companies.

Excepts from releases below:

Diebold’s Stephenshon to retire, Engelhardt to serve as interim VP

Diebold announced that Bradley J. Stephenson is retiring from his current post as leader of the company’s security division. Diebold is conducting a national search to identify a replacement for Stephenson, according to the company.

In the meantime, Kevin Engelhardt, vice president, security operations, will serve as interim vice president, security solutions.

Stephenson joined Diebold in 1973 and during his tenure has been part of the significant evolution of the company’s security business. He has served in a variety of senior management and technical positions, including general manager of physical security, card systems, fire services, NexusSoftware and the original equipment manufacturer division. He led the company’s electronic security division from 1996 to 1999, developing security solutions to meet the needs of financial services, retail and higher education clients. Appointed to his current role in 2009, Stephenson’s retirement will be effective in December.

Engelhardt joined Diebold in 2004 via the company’s acquisition of New York’s Antar-Com, Inc. In his operations role, Engelhardt is responsible for the business operations of electronic security solutions in North America for all vertical markets. He has managed and executed a multitude of successful project implementations, including those underway at World Trade Center (WTC) Tower 4 and the WTC Transportation Hub.

He has also managed purchasing, warehouse operations, contract administration and finance activities. In his current role, Engelhardt will be responsible for leading Diebold’s security business, with a focus on large-scale enterprise security sales and installations. He will also continue to lead all security related application and project engineering teams, as well as Diebold’s government, retail and event monitoring security business efforts.

Pivot3 names Rich Bravman CEO

Storage provider Pivot3, Inc, today announced that Rich Bravman has been named the company’s new CEO, effective immediately.

Bravman takes over for Robert Fernander, who has served as the company's president and CEO since 2007. Fernander will continue in a business development role for Pivot3.

“Rich is a proven leader with an impressive track record in taking start-ups to global publicly-traded technology leaders. Having grown through the ranks from software engineer to CEO, and having been associated with technologies that are a mix of both hardware and software makes Rich a perfect fit for Pivot3,” said Ron Nash, Chairman of the Board of Pivot3 in a prepared release.

Most recently, Bravman served as vice president of corporate development and chief marketing officer at NCR Corp, a Fortune 500 technology leader in self-service solutions for ATM machines, retail and airline check-in systems. At NCR, Bravman was responsible for all corporate marketing, business development activities, and forged several strategic partnerships for the company. Previously, Bravman was chairman and chief executive officer at Intelleflex, Inc., where his leadership helped the RFID technology start-up raise $51M in venture funding and develop key partnerships with

Lockheed Martin, Mitsubishi and Motorola. Bravman started his career at Symbol Technologies where, during his 26-year tenure at the company, he held several positions with increasing responsibility and eventually assumed the role of chief executive officer and vice chairman. As CEO, Bravman led a major turnaround effort at Symbol, which paved the way for the company’s acquisition by Motorola in 2007.

 

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