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Milestone Systems Number One Globally 7th Year in a Row
COPENHAGEN, September 16, 2011/PRNewswire/ --
IMS Research Video Surveillance Market Analysis Reports
Milestone is Again World Leader for Open Platform IP Video Management
Software, and new Offices are Established.
Independent market research firm IMS Research has reported for the
seventh year in a row that Milestone Systems is the global leader for open
platform IP video management software. Milestone has expanded their global
presence this year by opening offices in Brazil, Bulgaria and India, as part
of the company's strategic plans for continued success in the high-growth
market for IP video surveillance.
IMS Research has revealed in its latest report: The World Market for
CCTV and Video Surveillance Equipment - 2011 Edition, that Milestone Systems
maintained its top position of the last seven years. The software
development company holds the leadership standing for the world market
category of 'Open Platform Network Video Management Software'.
Lars Thinggaard, President & CEO at Milestone Systems, says: "Through
ambitious management strategy and focused organizational operations, we are
performing with profitability and a strong cash position. We consistently
evolve our tiered and reliable solutions, while we scale geographically with
our business model that builds channel expertise and differentiation through
training certifications. We are therefore well positioned for continued
growth, and have expanded again in 2011 by opening offices in three new
world regions in support of our international scope and response to market
demands."
Full portfolio of products to address market needs
IMS reports that the video surveillance industry is marked by continuing
competition in offerings targeted to the low to mid-range market. Milestone
is addressing this with newly released versions of XProtect(R) Professional
and XProtect Essential, and a brand new product called XProtect Express. For
each market segment, high value advanced surveillance capabilities are
offered for efficient operations and long term return on investment.
Milestone's open platform design offers upgrades to a full range of
solutions and integrations with other security or business systems, where
XProtect Corporate is the company's highest-end software for large,
multi-site installations and unlimited users, with features for making
complex sites easier to manage.
"The network video surveillance market grew almost three times as fast
as the total market in 2010 - over 30%. Milestone grew 56% in revenue and
maintained its market standing. Two key factors impacting the decline of the
analog video surveillance market are the large/enterprise tier of the market
transitioning to network video solutions and increasing price
competition/commoditization in the mid to low end," concludes Gary Wong,
Senior Analyst at IMS Research.
Milestone Systems software provides an open platform with a
well-documented Milestone Integration Platform Software Development Kit.
This continues to attract new Milestone Solution Partners from all over the
world: about 300 companies have integrated the Milestone XProtect IP video
platform with such systems as access control, Point-of-Sales, analytics,
biometrics, HVAC, building automation, ERP, RFID, production, logistics, and
more.
Investing in new regions for continued growth
In 2011 Milestone Systems established a company in Bulgaria that is
developing new functionality for the open platform IP video management
software. Milestone has also set up offices in Brazil and India to support
long-term goals for organizational expansion. Over recent years, the company
has seen positive growth in these areas. The Brazilian office has Account
Manager Jose Marcos Medieros Junior in place, while Sandesh Kaup is the
Regional Sales Manager in India. Milestone Systems now has offices in 15
countries.
Milestone Systems fosters an international growth culture
In the first six months of 2011, Milestone Systems hired more than 65
new employees, a 20 percent increase in the total staff. To ensure that the
new personnel quickly adopt the Milestone entrepreneurial culture based on a
clear mission and vision, Milestone has undertaken a valuable investment in
internal education of all its managers around the world. The Milestone
Leadership Academy has brought together colleagues in a series of teams to
be trained in the latest leadership practices, to understand company goals
and the way to achieve them, based on the foundation of Milestone company
values.
About IMS Research
IMS Research is a supplier of market research and consultancy services
on a wide range of global electronics markets. The company is supported by
headquarters in Wellingborough, UK and offices in the US, China, Taiwan,
South Korea and Japan. IMS Research regularly publishes detailed research on
video surveillance and security services markets, among others.
http://www.imsresearch.com
About Milestone Systems
Founded in 1998, Milestone Systems is the global industry leader in true
open platform IP video management software, according to IMS Research seven
years in a row. The XProtect(R) platform delivers powerful surveillance that
is easy to manage, reliable and proven in thousands of customer
installations. With support for the widest choice in network hardware and
integration with other systems, XProtect provides best-of-breed solutions to
'video enable' organizations - reducing costs, optimizing processes,
protecting people and assets. Milestone software is sold through authorized
and certified partners in more than 100 countries. Learn more at
http://www.milestonesys.com.
Source: Milestone Systems
Milestone Press Contact: Courtney Dillon Pedersen, PR & Communications Manager, Tel.+45-28-350-357
Milestone Systems Number One Globally 7th Year in a Row
COPENHAGEN, September 16, 2011/PRNewswire/ --
IMS Research Video Surveillance Market Analysis Reports
Milestone is Again World Leader for Open Platform IP Video Management
Software, and new Offices are Established.
Independent market research firm IMS Research has reported for the
seventh year in a row that Milestone Systems is the global leader for open
platform IP video management software. Milestone has expanded their global
presence this year by opening offices in Brazil, Bulgaria and India, as part
of the company's strategic plans for continued success in the high-growth
market for IP video surveillance.
IMS Research has revealed in its latest report: The World Market for
CCTV and Video Surveillance Equipment - 2011 Edition, that Milestone Systems
maintained its top position of the last seven years. The software
development company holds the leadership standing for the world market
category of 'Open Platform Network Video Management Software'.
Lars Thinggaard, President & CEO at Milestone Systems, says: "Through
ambitious management strategy and focused organizational operations, we are
performing with profitability and a strong cash position. We consistently
evolve our tiered and reliable solutions, while we scale geographically with
our business model that builds channel expertise and differentiation through
training certifications. We are therefore well positioned for continued
growth, and have expanded again in 2011 by opening offices in three new
world regions in support of our international scope and response to market
demands."
Full portfolio of products to address market needs
IMS reports that the video surveillance industry is marked by continuing
competition in offerings targeted to the low to mid-range market. Milestone
is addressing this with newly released versions of XProtect(R) Professional
and XProtect Essential, and a brand new product called XProtect Express. For
each market segment, high value advanced surveillance capabilities are
offered for efficient operations and long term return on investment.
Milestone's open platform design offers upgrades to a full range of
solutions and integrations with other security or business systems, where
XProtect Corporate is the company's highest-end software for large,
multi-site installations and unlimited users, with features for making
complex sites easier to manage.
"The network video surveillance market grew almost three times as fast
as the total market in 2010 - over 30%. Milestone grew 56% in revenue and
maintained its market standing. Two key factors impacting the decline of the
analog video surveillance market are the large/enterprise tier of the market
transitioning to network video solutions and increasing price
competition/commoditization in the mid to low end," concludes Gary Wong,
Senior Analyst at IMS Research.
Milestone Systems software provides an open platform with a
well-documented Milestone Integration Platform Software Development Kit.
This continues to attract new Milestone Solution Partners from all over the
world: about 300 companies have integrated the Milestone XProtect IP video
platform with such systems as access control, Point-of-Sales, analytics,
biometrics, HVAC, building automation, ERP, RFID, production, logistics, and
more.
Investing in new regions for continued growth
In 2011 Milestone Systems established a company in Bulgaria that is
developing new functionality for the open platform IP video management
software. Milestone has also set up offices in Brazil and India to support
long-term goals for organizational expansion. Over recent years, the company
has seen positive growth in these areas. The Brazilian office has Account
Manager Jose Marcos Medieros Junior in place, while Sandesh Kaup is the
Regional Sales Manager in India. Milestone Systems now has offices in 15
countries.
Milestone Systems fosters an international growth culture
In the first six months of 2011, Milestone Systems hired more than 65
new employees, a 20 percent increase in the total staff. To ensure that the
new personnel quickly adopt the Milestone entrepreneurial culture based on a
clear mission and vision, Milestone has undertaken a valuable investment in
internal education of all its managers around the world. The Milestone
Leadership Academy has brought together colleagues in a series of teams to
be trained in the latest leadership practices, to understand company goals
and the way to achieve them, based on the foundation of Milestone company
values.
About IMS Research
IMS Research is a supplier of market research and consultancy services
on a wide range of global electronics markets. The company is supported by
headquarters in Wellingborough, UK and offices in the US, China, Taiwan,
South Korea and Japan. IMS Research regularly publishes detailed research on
video surveillance and security services markets, among others.
http://www.imsresearch.com
About Milestone Systems
Founded in 1998, Milestone Systems is the global industry leader in true
open platform IP video management software, according to IMS Research seven
years in a row. The XProtect(R) platform delivers powerful surveillance that
is easy to manage, reliable and proven in thousands of customer
installations. With support for the widest choice in network hardware and
integration with other systems, XProtect provides best-of-breed solutions to
'video enable' organizations - reducing costs, optimizing processes,
protecting people and assets. Milestone software is sold through authorized
and certified partners in more than 100 countries. Learn more at
http://www.milestonesys.com.
Source: Milestone Systems
Milestone Press Contact: Courtney Dillon Pedersen, PR & Communications Manager, Tel.+45-28-350-357