Tag: Red Cloud
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...
A2 Systems launches in Mass.
March 22, 2013Martha Entwistle
BURLINGTON, Mass.—A2 Systems, a new systems integration firm located here and founded by industry veterans Pat Connors and Matt Leonard, has completed its first job for an energy company and is now delving into two more jobs—one in the pharmaceutical vertical and one in retail.Connors, who is in charge of operations, and Leonard, who does sales and marketing, previously worked for Massachusetts-based Team AVS. They left there last spring and began planning to launch A2 Systems.“We...