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BRS Labs to get new CEO, build cloud facility, do IPO

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Wednesday, August 13, 2014

BRS Labs has a full plate in the next month--it's working on finding a new CEO, finding a spot to build its own cloud facility, and it's prepping for an IPO.

BRS Labs is a provider of “self-learning behavioral recognition software," which its sells as an enterprise software solution, for monthly lease, or as "software-as-a-service. BRS Labs president John Frazzini recently announced during a Fox Business News interview that the company--(which he said he has a stake in) would be doing an IPO.  In a news release, the company today announced that the search is on for a new CEO who will take charge of the IPO process.

It is also planning to move its headquarters to a new location in Houston and plans to build a cloud storage facility in that location.

The goal is to raise funds to move into more vertical market segments, the company announced today.

I hope to catch up with Frazzini at the ASIS show next month to get an update on these initiatives.

BRS Labs was founded by Ray Davis in 2005 and Davis has served as CEO since that time. He is stepping down as CEO but role will continue as chairman for the immediate future and will head up the search for a new CEO. Davis said in a statement that he will concentrate his search in Houston.

“The company plans to find a Houstonian who understands the value of a public company in this market, and who has previous operational experience leading a company through the process of going public,” according to a company statement.

BRS Labs’ is known for its AISight platform, an “artificial Intelligence-based analytics solution that teaches itself to recognize and alert on suspicious or unexpected behavior within massive volumes of data.”

In a prepared statement, Davis said he’s “always loved building and running companies and have done so for thirty-five years. Based on the growth we have experienced here at BRS Labs, the time is right for us to take the company public, and we need to bring in an individual who has expertise in this area. I will continue to serve in my role as Chairman until that person is comfortably in place and positioned to take BRS Labs to the heights we know it is capable of reaching.”

BRS Labs says it “owns an approximate 60 percent share of the video analytics market.”

It recently expanded into Supervisory Control and Data Acquisition (SCADA) industry for oil and gas as well as other Smart Utility Grids.

Further expansion into other vertical markets is planned. One of the reasons the company plans to go public is “to raise funds to expand into Information Security, Building Management Systems, and other big data applications.”

“Our Artificial Intelligence-based technology has dominated the initial market we applied it to: video analytics,” Davis said in a statement.

“It is now time to take this proven technology and address the other serious safety and security issues facing the world today. …We need to rapidly and simultaneously move into these new vertical markets to explore the many ways in which our technology can be used, while expanding our footprint in existing markets.”

 Davis said that access to public funds “will position us for simultaneous penetration into these markets and allow us to expand the company while producing exponential returns for our investors.”

BRS Labs currently works with third-party cloud providers, but it will provide in-house cloud storage to its customers once it moves to a new location in Houston.

In addition to its headquarters in Houston, BRS Labs has offices in Washington, DC, London, Sao Paulo, and Barcelona.

 

I-View Now unites verified alarms and analytics

The company’s Cloud Analytic, which debuted at ISC West, runs an analytic through video alarms pulled from proprietary devices
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04/08/2014

HENDERSON, Nev.—Verified alarms are based on the idea that more information for central station results in better, more efficient response from law enforcement. That principle is behind the development of a cloud analytic from I-View-Now, a service that suggests that even in the category of verification, there is room to know more.

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 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.

G4S expands western footprint

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05/15/2013

OMAHA, Neb.—G4S Technology, a systems integrator based here, is expanding its western presence by opening up a new regional office in Seattle, according to a news release.

OV signs Panasonic, does R&D gov't work

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Monday, January 14, 2013

Make it eight deals with high-profile video providers for ObjectVideo. The video analytics provider on Jan. 9 announced it had signed a global patent licensing program with Panasonic.

Panasonic approached OV last year,  Raul Fernadez, chairman of Object Video, told me. OV is in discussions with six other manufacturers, he said.

With many of the biggest names in video surveillance now signed on with licensing agreements, will OV turn its attention away from its licensing program?

Yes and no, Fernandez said. OV is involved with other revenue-generating divisions, notably some R&D work with federal government clients, but licensing will continue to be an important business. There are new player in the video world all the time, Fernandez noted. And if OV lets up on its enforcement of patent infringement and licensing policies, current licensees would potentially be put at a disadvantage, he said.

However, Fernandez anticipates there will be less litigation involved in future licensing deals with video providers.

Aside from the licensing stuff, Fernandez wanted to talk about some software and services work OV is doing with "DOD and intelligence community sponsors … working on next-generation challenges for indexing, searching and retrieving images.”

It’s the kind of government-sponsored R&D work that OV did more than a decade ago that led to today’s mainstream analytic technologies (object tracking, object class, tripwire), Fernandez said.

The work OV is doing today with the government involves “a lot of indexing, image segmentation … taking images and crossmatching with large databases to geolocate images.”

Fernandez said it this research will propel “next generation innovations” for its government client, OV and the security industry. 

PureTech Systems’ intelligent video analytics helped protect DNC

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09/24/2012

PHOENIX, Ariz. – A PureActiv Wide Area Surveillance System helped provide security for the Democratic National Convention held earlier this month in Charlotte, according to a PureTech news release.

IMS: Video analytics market to be worth $600 million in 2015

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12/27/2011

While the availability of free content analysis in video surveillance devices continues to grow, the need for chargeable higher-end applications will push the market for video analytics to nearly $600 million in 2015, according to a new report from IMS Research.

Cernium’s Archerfish in USA Today

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Friday, May 28, 2010

No, the product wasn’t written up. It was being advertised. I did a double-take when I saw the guy next to me on the plane reading the Sports section and asked if I could take it home with me. Check this out, from the front page of yesterday’s Sports section:

archerfish video analytics for the home

Seriously? An ad for an analytics-enabled camera on the front page of the USA Today sports section? Not only is it mainstream advertising, it’s mainstream advertising to the least-discerning readers - the people who need candy to read in the morning in their hotel room or on the plane. Sure, that’s a lot of business travelers, who might be early technology adopters, but it’s also a lot of grandmas and grampas and people at Disney World.

Check out the copy, too: “Meet Solo, the First Thinking Camera.”

Um, huh? They made the first thinking camera? No one was ahead of Cernium? That kind of seems untrue. Especially since Solo wasn’t even around a couple years ago. But we’ll let that slide.

“Solo is a smart, wireless security camera and recorder with Homeland Security technology.”

Wha? “Homeland Security technology”? What does that mean? Are they implying that it was developed by the government? Does Homeland Security imply the best of technology development, because only the slickest stuff would be used to protect the “Homeland”? And since when is “Homeland Security” a proper noun?

“It understands what it sees and sends video alerts only when important things happen, so you can rest easy - no matter where you are. Other cameras just watch. Solo thinks.”

Good marketing, overall. Straight to the mainstream public, who aren’t aware of all the VideoIQ, etc., cameras that also come with video analytics on board. And look at the packaging. The camera looks like a cute little hedgehog that’s going to waddle around your house making things safe.

And they even have a slick web site set up, www.thinkingcamera.com, that tells us Archerfish is “the most effective security camera available for consumers.”

Of course, you can order it at Amazon.com right now. It’s $399 and comes with a free three-month subscription. After that, you’ve got to pay $7.99 a month to use all the video analytics capabilities through the online portal, but you can use the camera like an all-in-one DVR for free if you want, just without any of the bells and whistles.

It’s an end-around, for sure, but a pretty interesting one, and it’s good for the industry, introducing the concept of “smart” cameras to the general public, and making it seem relatively easy.

Whether it works well or not? I certainly haven’t tested it out, but the public will let Cernium know pretty quickly whether it agrees that “it understands what it sees and sends video alerts only when important things happen.”