Arecont Vision Costar has announced its key product portfolio, business plans and executive leadership team following the initial launch of the business earlier this year.
Providing IP-based megapixel cameras and video surveillance solutions, the new company is a business unit of Costar Technologies Inc., a corporation that designs, develops, manufactures and distributes a range of products for the video surveillance and machine vision markets.
Basing its headquarters, R&D, manufacturing and support facilities in Glendale, Florida, the business has taken over the building formerly occupied by its business predecessor, Arecont Vision, LLC.
Transitioning over to the new business, the majority of employees and the executive leadership team have joined Arecont Vision Costar, as have existing products, technologies, patents and original trademarks.
Raul Calderon, President of Arecont Vision Costar, said: “We’re very excited to have a new beginning for the company, with a great strategic fit that builds on our predecessor’s pioneering legacy of megapixel camera technology leadership, while leveraging the resources and expertise of Costar Technologies.
“The result is that our customers can be confident not only of our financial health and long-term future, but also purchasing our new Arecont Vision Total Video Solution to meet their surveillance system needs.”
Composed of high-quality megapixel cameras, cloud-enabled video management software and cloud-managed video recorders, the Total Video Solution provides a complete, cyber-secure and web-enabled solution for customers.
The original Arecont Vision, LLC was founded in 2003 and announced a reorganisation under voluntary Chapter 11 in May 2018, before being purchased by Costar on July 13, 2018.
James Pritchett, President and Chief Executive Officer of Costar Technologies Inc., commented: “The acquisition of Arecont Vision expands the Costar Technologies’ video surveillance platform by strengthening our product line.
“This purchase supports Costar’s strategy to become a leader in the video surveillance industry, transitioning from a value-added OEM product company into a manufacturing and design business.”
Mr Calderon added: “We intend to continue developing new technologies, products and solutions to better serve our customers, partners and the industry overall.”