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Avigilon has video analytics news

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Wednesday, May 14, 2014

There was lots of video analytics news today.

Avigilon, which acquired VideoIQ at the end of 2013, today came out with the first combined offering of VideoIQ and Avigilon products. Avigilon added Rialto to its portfolio. Rialto has three appliances (for IP, analog and thermal cameras) that will enable end users to add VideoIQ analytics to existing Avigilon or other manufacturers’ cameras. I have a call into Avigilon for more details.

Avigilon's analytics play is a good move according research firm TechNavio which announced today a new report that predicts global intelligent video analytics market will have a compound annual growth rate of 34.12 percent over the period 2013-2018.  

What will drive that growth? TechNavio said it’s the need for sophisticated tools to analyze the “unstructured data" generated by video surveillance systems, as well as increased security concerns.

The other, important driver is the “increasing demand for intelligent video analytics with business intelligence tools,” the report said.

“When operational data is integrated with BI features, companies can generate profits by identifying and implementing profitable projects, increase sales by applying fact-based selling tools, enhance customer loyalty, and retain customers by optimizing customer experience management,” said Faisal Ghaus, VP of TechNavio, in a prepared statement. “Organizations can use IVA solutions combined with BI tools to predict the future behavior of potential and existing customers, which is a major driver for the growth of the market over the forecast period.”

This all made me think about the very excellent educational session at TechSec 2014  “The IP camera of the future,” where there was lots of talk about the crucial nature of video analytics that work.

“The full potential of the business value of security cameras has yet to be realized,” said Ray Coulombe, an entrepreneur and CEO of SecuritySpecifiers.com, who moderated the panel.  “Analytics, big data implementation, and the proper mindset of security practitioners will develop to the point where security cameras, and other devices, will be viewed as a more integral part of the business fabric.”

The vendors involved with the TechNavio report were listed as: Agent Video Intelligence, Axis Communications, Honeywell, Bosch, Cisco. IBM, Infinova, Intellivision, Nice Systems, ObjectVideo, Verint, VideoIQ.

 

Avigilon to buy VideoIQ for $32 million on New Year’s Eve

Fernandes: Purchase brings opportunity to increase sales of VideoIQ and Avigilon
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12/31/2013

VANCOUVER, Canada—HD surveillance provider Avigilon announced Dec. 31 that it will pay $32 million to acquire VideoIQ, a Billerica, Mass.-based video analytics company.

Security Partners acquires Mace Central Station

Deal makes Security Partners a 'national player,' CEO says
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12/19/2013

LANCASTER, Pa.—Security Partners, based here, announced today that it has acquired its third monitoring center: Mace Central Station, located in Anaheim, Calif.

VideoIQ announces award of 10 new patents

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08/22/2013

BEDFORD, Mass.—VideoIQ, maker of security cameras and encoders with analytical and storage technology, announced this week that it has earned 10 new patents in the U.S. and the U.K. The company now holds more than 25 international patents.

Security Partners acquires Response Center USA

The deal provides redundancy, and is expected to increase number of dealers taking advantage of managed services offerings
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08/21/2013

LANCASTER, Pa.—Security Partners, a wholesale monitoring company based here, has acquired San Antonio, Texas-based Response Center USA, a move that adds “better than 100 dealers” to its network, Mike Bodnar, president of Security Partners, told Security Systems News.

Security Specialists expands

Connecticut integrator opens second office
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07/02/2013

STAMFORD, Conn.—With revenues up 28 percent over last year, Security Specialists, a systems integrator based here, has opened a second office in Hartford, Connecticut.

Holly Tsourides named CEO of Matrix

Selective dealer program, investment in R&D planned
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05/08/2013

MIAMISBURG, Ohio—Holly Tsourides, who was named CEO of access control provider Matrix Systems on May 6, told Security Systems News that Matrix is one of the security industry’s “best-kept secrets.”

Matrix Systems appoints Tsourides as CEO

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05/06/2013

MIAMISBURG, Ohio—Matrix Systems, an access control and security systems provider based here, has named Holly Tsourides its new CEO, according to a company statement.

Holly Tsourides: Focus on results, find a mentor and develop relationships

For the fourth consecutive year, Security Systems News is profiling women who are making their mark in the traditionally male-dominated world of security. Tsourides, chief sales and marketing officer for VideoIQ, is one of six women featured.
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11/19/2012

PSA welcomes newest vendors to premier program

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11/05/2012

WESTMINSTER, Colo.—PSA Security Network announced new additions to its Premier Vendor Partners program, according to a company statement.

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