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Avigilon

Coverage, detail and complications as 4K cameras move forward

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01/15/2016

YARMOUTH, Maine—Security experts saw 4K camera technology coming their way a decade ago. They saw the market slide from consumers to security around 2013-2014. They know 4K will grow in the surveillance field, but the variables—in supporting technology development and opportunity cost—make the immediate future of 4K unknown and unpredictable.

'Poison pill' at Avigilon

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Wednesday, January 13, 2016

Video surveillance company Avigilon on Tuesday adopted a "shareholder rights" plan, an anti-takeover measure that's sometimes called a "poison pill." The plan has been accepted by the Toronto Stock Exchange, but it needs to be approved by shareholders within six months. Avigilon plans to present the plan at is 2016 annual meeting.

Avigilon said it "is not aware of any proposed take-over bid at this time."

We've seen some major video surveillance acquisitions recently with Axis and Milestone being acquired by Canon, and recently, FLIR buying DVTEL.

One can see how Avigilon may be attracting attention from a larger entity looking to get into physical security. Avigilon has well-regarded video and access control technology, including the former VideoIQ portfolio. It owns a lot of video analytics IP, and I hear it has very good relationships with integrators. Plus its stock is down considerably. Yesterday its stock closed at $12.90; Avigilon's 52-week range is $11.20 to $25.62.

It's also had a lot of movement internally with managers. Here's a blog I wrote about that.

Under Avigilon's proposed shareholder rights plan, one "right" will be issued for each Avigilon common share. The rights can only be exercised if an aquirer announces an intention to acquire shares that would take their holding to "at least 20 percent of Avigilon's outstanding share capital." The rights would allow shareholders, "other than the acquirer, to purchase additional shares at a substantial discount." A "permitted take-over bid" would not trigger the rights plan. 

 

Avigilon gets new headquarters

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12/17/2015

VANCOUVER, Canada—Avigilon has a new $42 million headquarters here, with nine stories and 135,000 square feet, the company announced.

Avigilon ups credit facility to $240 million

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11/17/2015

VANCOUVER, Avigilon on Nov.16 announced that it has increased its existing multi-tranche senior secured syndicated credit facility from $200 million to $240 million.

Management reorg at Avigilon

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Wednesday, September 2, 2015

Avigilon, a video surveillance and end-to-end security solution provider, today announced two resignations and a management reorganization.

Bryan Schmode has resigned from his role as COO, and Collis Heath, SVP of Global Operations, has also left the company.

There have been a number of changes in Avigilon’s management ranks over the past few months. In August, Pedro Simoes, SVP of global sales, resigned and was replaced by James Hendershot. In May, Danny Cam, VP of Engineering left and was replaced by CTO and SVP Mahesh Saptharishi.

There have been several management changes in the past few years as well. The company announced today plans to streamline its senior management reporting structure “to increase operational efficiency.”

Avigilon's seven major departments—product development, sales, marketing, operations, finance, legal, and human resources—will now report directly to Alexander Fernandes, Avigilon's founder, president, CEO, and Chairman of the Board.

“This refreshed structure brings Mr. Fernandes closer to Avigilon's day-to-day operations while empowering department leaders with greater authority,” the company said in the announcement.

Avigilon has been one of the fastest growing security companies. Its stock, which trades on the Toronto Exchange, closed at $12.37 on Sept. 2. Its 52-week high is $25.62. Its low is $12.34.

Leong new CFO of Avigilon

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07/02/2015

VANCOUVER, British Columbia—Ric Leong has been named CFO of video surveillance provider Avigilon Corporation. He replaces Wan Jung, who will continue to serve on the company’s board of directors.

Avigilon adds new recorder

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06/17/2015

VANCOUVER—Avigilon Corporation, a provider of end-to-end security solutions, on June 11 announced the addition of the Avigilon Control Center (ACC) Edge Solution (ES) High Definition (HD) Recorder to its portfolio.

Saptharishi to lead Avigilon’s Center of Excellence initiative

Avigilon announces normal course issuer bid
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05/14/2015

VANCOUVER—Avigilon CTO and SVP Mahesh Saptharishi will lead the video and security solution provider’s Centers of Excellence initiative, Avigilon announced May 11.

Is 4K so 2014? Avigilon turns it up to 7K

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Monday, April 6, 2015

Some pre-ISC West announcements today were led by news today from Avigilon that it will be showing a single-sensor 7K (30 megapixel) security camera in Las Vegas next week.

Last year every camera manufacturer and his brother unveiled, or announced intent to release, a 4K camera. Avigilon today announced that it will demo a 7K and release a 6K (24 megapixel) HD camera at this year's ISC West show. That's "horizontal resolution exceeding 7,000 pixels and more than 30 million total pixels." Avigilon already has 4K (8 megapixel) and 5K (16 megapixel) cameras.

Known for its mega-megapixel cameras, Avigilon has grown through a number of acquisitons beyond its HD surveillance roots to become an end-to-end provider of: HD network VMS, megapixel cameras, access control and video analytics. 

I have a request into Avigilon for an interview. I'm interested to find out when and where a 7K security camera might be useful, when Avigilon plans to actually release the 7K and how the price compares to other high-megapixel count cameras.   

The company said that the 7K camera uses power, bandwidth and storage efficiently when paired with its Avigilon Control Center software (which uses Avigilon's high definition stream managment technology.)

Avigilon will be at Booth # 22043 at the ISC West.

I-View Now enters new agreement

Company also releases new wave of integrations
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02/13/2015

HENDERSON, Nev.—I-View Now, a provider of video verification services based here, announced a number of new integrations including one with ipDatatel.

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