Tag: Alexander Fernandes
Avigilon to be acquired by Motorola Solutions
February 14, 2018SSN Staff
CHICAGO and VANCOUVER, British Columbia—In early February, Motorola Solutions announced its definitive agreement to acquire video surveillance and access control manufacturer Avigilon. Avigilon later announced that its CEO and chairman of the board, Alexander Fernandes, is retiring following the deal.“This acquisition will bring Avigilon's advanced video surveillance and analytics platform to the rapidly evolving public safety workflow, while also expanding our portfolio with new products...
Avigilon gets new headquarters
December 17, 2015SSN Staff
VANCOUVER, Canada—Avigilon has a new $42 million headquarters here, with nine stories and 135,000 square feet, the company announced.
The new building “provides more than double the space we presently lease at a lower financing cost than our current rent," Alexander Fernandes, Avigilon's founder, president, CEO and chairman of the board, said in the November announcement.
Saptharishi to lead Avigilon's Center of Excellence initiative
May 14, 2015SSN Staff
VANCOUVER—Avigilon CTO and SVP Mahesh Saptharishi will lead the video and security solution provider's Centers of Excellence initiative, Avigilon announced May 11.The initiative is focused on research and development at its three North American office locations: Vancouver, Boston and Dallas.Avigilon's global headquarters here will serve as the company's Video and Enterprise Security Center of Excellence. Boston, home to many of the world's leading university engineering and research programs,...
Avigilon buys BRS patents, others for $13m
January 21, 2015Martha Entwistle
Updated Jan. 27 with an interview with BRS Labs president John Frazzini. VANCOUVER, British Columbia—Avigilon today announced it spent $13.3 million acquiring video analytics patents that extend into behavioral recognition, video segmentation and meta-data and more. This deal comes one month after the video surveillance provider spent $80 million to acquire patents from ObjectVideo.“Avigilon is clearly trying to lock in IP in a whole range of analytical algorithms,” Jeff Kessler,...
Avigilon buys ObjectVideo's patents, licensing program for $80.3m
December 19, 2014Martha Entwistle
Updated Jan. 15, 2015VANCOUVER, British Columbia—The future of the video surveillance industry “is about business intelligence and video analytics,” according to Avigilon CEO Alexander Fernandes, and Avigilon's purchase of a division of ObjectVideo equips it for that future with what he calls the “strongest portfolio of intellectual property related to video analytics … the designers, technical knowhow, trade secrets and now the patents.”In December, Avigilon paid...
Avigilon gets patent for HDSM tech
October 10, 2014SSN Staff
VANCOUVER—Avigilon on Oct. 1 announced that its High Definition Stream Management (HDSM) technology has been awarded a patent by the United States Patent and Trademark Office.
Introduced in 2008, HDSM technology intelligently manages the bandwidth consumed by high-definition video footage while maintaining superior image detail.
The awarded patent covers the innovative mechanism underlying HDSM, which allows a user viewing video to directly influence the resolution and quality of video...
Avigilon to buy VideoIQ for $32 million on New Year's Eve
December 31, 2013Martha Entwistle
Updated 1/14/13 with comment from Alexander FernandesVANCOUVER, Canada—HD surveillance provider Avigilon announced Dec. 31 that it will pay $32 million to acquire VideoIQ, a Billerica, Mass.-based video analytics company. The deal closed on Jan. 13.Founded in 2006, VideoIQ's technology includes “live detection, event verification and instant notification, and self-learning capabilities.” It also has “23 patents granted or pending, trade secrets and know-how,” as well...
What will Avigilon do with $69 million?
November 26, 2013Martha Entwistle
Avigilon now has $69 million (Canadian) at its disposal for “general purposes and strategic acquisitions.”
The HD surveillance provider, which got into access control last May with the $17 million purchase of Red Cloud, today announced that it closed a $69 million bought deal equity financing.
So what will Avigilon do with the funds? I called Avigilon this morning to ask about plans for the funds. In an email response Alexander Fernandes, Avigilon president and CEO said: "... we look...
Avigilon gets into access control, buys RedCloud for $17 million
May 30, 2013Martha Entwistle
VANCOUVER—In a $17 million cash purchase, high-definition surveillance provider Avigilon Corp. on May 30 announced it acquired privately held RedCloud Security, a provider of Web-based physical and virtual access control systems.Alexander Fernandes, Avigilon CEO, told Security Systems News that the purchase is a “nice tuck-in” that is “low risk [but] very strategic.”Avigilon purchased the entire RedCloud business and expects it to be “neutral to 2013 earnings and...
Avigilon locates 'global sales HQ in U.S.'
March 13, 2013Martha Entwistle
Vancouver-based Avigilon, manufacturer of megapixel cameras and other video surveillance products, is opening a U.S. headquarters in Dallas, the company announced this morning.
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This location will also be the “global headquarters for sales.” Employees will include sales, business development and customer support.� The company plans to “add additional customer support personnel over the next year.”
Bryan Schmode, executive vice president of global sales, will run...