Tag: Costar Technologies
IDIS offers AI-powered VMS solution
October 1, 2024SSN Staff
COPPELL, Texas — IDIS Americas, a new IDIS business unit formed from the recent merger of IDIS America and Costar Technologies, is now offering the IDIS Solution Suite (ISS).
The video management systems (VMS) combines AI-driven intelligence, intuitive management and control capabilities with no annual licensing fees according to IDIS.
“For too long, traditional VMS solutions have been prohibitively expensive and complex,” said Scott Switzer, President and CEO at IDIS Americas....
IDIS announces completion of Costar acquisition
August 29, 2023SSN Staff
COPPELL, Texas—Global security company IDIS announced that its acquisition of electronic security products provider Costar Technologies has been completed.
IDIS and Costar have enjoyed a long-term existing ODM (original design manufacturer) relationship – approximately 60 percent of Costar Video products are already made by IDIS. The acquisition builds on the strong ties between the two companies and will catalyze strategic synergies including a deeper focus on potential growth sectors.
Costar...
Costar Technologies to acquire Arecont Vision
July 11, 2018Spencer Ives
LOS ANGELES—Arecont Vision, an IP camera and video solution provider which filed for Chapter 11 earlier this year, announced yesterday that an acquisition by Costar Technologies was approved by the bankruptcy court and is expected to close on July 13.After the closing of the sale, upon emergence the assets formerly operated by Arecont Vision will begin operating as Arecont Vision Costar, LLC and be part of Costar, a U.S. corporation that designs, develops, manufactures, and distributes a full...
Costar Technologies buys CohuHD for $10m cash
July 9, 2014Martha Entwistle
COPPELL, Texas—In the month since it closed a $10 million cash deal to buy CohuHD, Costar Technologies and CohuHD have closed three deals together.
“These are opportunities that we would not have had [as separate companies]. The products [of the two companies] are complementary but not competing,” Tom Kampfer, president of CohuHD Costar, told Security Systems News. “We don't need to reconcile sales teams or product lines, [tasks that can] create a distraction and be...
Costar Technologies to buy CohuHD
June 9, 2014SSN Staff
COPPELL, Texas—Costar Technologies on June 4 announced that it has signed a definitive agreement to acquire CohuHD, the cameraproducts and video solutions division of Cohu.
The purchase price for CohuHD, including potential earn-out payments, is expected to be $10 million in cash. The acquisition is structured as an asset purchase and is subject to customary closing conditions.
Costar is financing the transaction with proceeds from a new credit facility with Bank of Texas. The present CohuHD...